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Summary of Carbon Protocol
- Native cryptocurrency and governance token: SWTH (Carbon)
- Consensus mechanism: Delegated Proof-of-stake (dPOS) built into Tendermint Core
- Security: Decentralized network of validators secured by staking SWTH
- Rewards: Stakers earn rewards from network and trading fees
- Features: Highly composable, versatile, and secure
- Interconnected with: Ethereum, BSC, Neo, and Zilliqa (Layer 1 chains)
- Purpose: Core of the multi-chain world, foundation for decentralized financial economies
Introducing Carbon Protocol: Pioneering a Sustainable Future
Carbon (SWTH) serves as the native cryptocurrency and governance token of Carbon, a pioneering layer 2 trading protocol that empowers cross-chain financial markets and infrastructures.
As a bespoke sidechain, Carbon leverages the delegated Proof-of-stake (dPOS) consensus mechanism, inherent to Tendermint Core, ensuring a secure and decentralized network of validators, who stake SWTH in exchange for rewards derived from network and trading fees.
The protocol boasts exceptional composability, versatility, and security, thereby facilitating the seamless implementation and scaling of diverse decentralized applications while transcending traditional blockchain limitations. Notably, Carbon is interconnected with a burgeoning array of Layer 1 chains, including Ethereum, BSC, Neo, and Zilliqa. By doing so, Carbon assumes a pivotal role at the core of the burgeoning multi-chain ecosystem, laying the groundwork for the future of decentralized financial economies.