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Summary of Planq
- Planq is a cryptocurrency focused on mobile usability.
- Powered by the $PLQ token.
- Uses Proof-of-stake (PoS) Consensus mechanism called Tendermint.
- Built using Cosmos-SDK and is IBC enabled.
- EVM-based blockchain (Ethereum virtual machine) for future-proofing and Ethereum compatibility.
- Aims to create a decentralized ecosystem of phone-accessible applications, including:
- Decentralized exchanges
- Wallets
- Privacy chats
- Bridges
About Planq: Empowering the Future of Blockchain Innovation
Planq pioneers a mobile-centric approach, liberating users from desktop dependency. The Planq Blockchain is fueled by the $PLQ token, empowering individuals in both developed and developing nations to unlock the vast potential of blockchain technology directly from their mobile devices, unshackled from the constraints of traditional desktop systems.
The Planq network operates on a Proof-of-stake (PoS) consensus mechanism, specifically Tendermint, ensuring a secure and efficient transaction validation process. Built upon the Cosmos-SDK, Planq is IBC-enabled, facilitating seamless interactions with other blockchain networks. Furthermore, to ensure future compatibility and harness the capabilities of Ethereum, the Planq blockchain is designed as an EVM-based blockchain, leveraging the power of the Ethereum Virtual Machine (EVM).
Planq is forging a decentralized ecosystem of applications, seamlessly accessible via mobile devices, encompassing decentralized exchanges, wallets, privacy-centric chat platforms, and bridges.