Concordium (CCD)

Last updated 03/12/2022

Official Website: https://concordium.com/

What is Concordium (CCD)?

With its ID layer, Concordium's public-layer 1 blockchain aims to strike a balance between privacy and responsibility. In order for people and businesses to be able to trust one another while being private and knowing nothing about one another, protocol level identification makes sure that every wallet is linked to a real-world identity that has been validated through a third-party ID provider.

On the Concordium Platform, identities and accounts have a close relationship. You need an account and an identity to be able to hold, send, or receive CCD or work as a baker on the Concordium blockchain. An identity provider must validate and record your real-world identification before you are allowed to use the Concordium Platform. When you create your initial account, this identification is carried out.

Each identity has a set of cryptographic values as well as a number of attributes selected by the user, including nationality or place of residence. The identity supplier has verified these characteristics. The cryptographic data include a number of public and private keys, a signature from the identity provider, as well as a number of secret values that the user needs to utilise in order to be able to establish accounts using the identity.

You decide which characteristics are made known to the public. To keep your anonymity, you might decide to withhold all information about your traits.

The on-chain portion of an account on the Concordium blockchain, which is managed by the bakers and held by one or more credential holders, and the off-chain portion. Concordium is able to guarantee accountability and offer customers total privacy when using the blockchain by utilising zero-knowledge proofs. Concordium prevents rollbacks by utilising a special finality layer.

The $CCD token is employed by Concordium's DeFi ecosystem as a form of collateral and settlement in addition to being used to cover transaction fees, reward node operators, and stake. The team is now scaling the chain to their extensive network of the biggest companies in the world with leadership from Volvo, IKEA, Credit Suisse, and 52M EUR raised to date.

Team

Foundation Board:

The chairman of the Swiss non-profit Concordium Foundation is Lars Seier Christensen. Seier Christensen, who co-founded the online trading and investment platform Saxo Bank in 1992, is a global pioneer in FX and derivatives trading with over 30 years of experience in the banking and financial sectors
Bjrn Krog Andersen serves as the Head of Compliance for Banking Circle, a fully accredited bank and financial system created for banks and payment companies. He was a partner at the Copenhagen, Denmark legal firm Moalem, Weitemeyer and Bendtsen
In October 2021, Ian Zhang is chosen to serve on the boards of Concordium AG and Concordium Foundation. Ian previously held the position of Group CFO for the Polestar Automotive Group
As a partner at memo.law in Zug, Switzerland, Simone Monnerat practises law and is a civil law notary. She specialises in corporate, notarial, and foundation law
The Concordium Board Member and Science Advisor is Professor Ueli Maurer. He holds the positions of Professor of Computer Science and Head of the Information Security and Cryptography Research Group at the Swiss Federal Institute of Technology Zurich (ETH Zurich), where his research interests include theoretical and applied cryptography, information security, theoretical computer science, information theory, and discrete mathematics

The Concordium Team consist of more than 50 highly experienced and talented individuals who are helping the Concordium (CCD) reach its potential.

Roadmap

2022 4th Quarter

2023 1th Quarter

Future

Where to Store Concordium (CCD)

Concordium has developed their own wallet that can be accessed on iOS, Android, Windows, MacOS and Ubuntu. The desktop wallet requires a Ledger Nano S or Ledger Nano S plus hardware to run the Concordium Ledger Application. Desktop wallet has all of the features, while the browser wallet provides basic functionality, such as sending and receiving $CCD tokens.

You can create and manage your Concordium identities, accounts, and transactions on the blockchain using the Concordium Mobile wallet, which is an electronic wallet.

Where to Buy and Sell Concordium (CCD)

Unfortunately, Concordium (CCD) coins are yet to be listed on BCBitcoin platform. Please note that as we always expanding our services, we try to add more and more cryptocurrencies for customers to buy and sell. Don’t hesitate to contact us regarding any project which is not listed yet.

Concordium (CCD) Resources

Website: https://concordium.com/

Block Explorer: https://ccdscan.io/

Github: https://github.com/Concordium

Twitter: https://twitter.com/concordiumnet

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.