Concordium is a next-gen privacy-focused, public and permissionless blockchain architecture with an ID Layer at the protocol level.
The Concordium Platform is made to be quick, safe, and cost-effective. On-chain identity, compliance-centric transactions, better privacy, and de-anonymization of network participants are all made possible by Concordium's ground-breaking identity layer.
The Nakamoto-style consensus blockchain and a finality layer for quick transaction confirmation make up Concordium's two-layer consensus system. High transaction throughput and private shards for business use cases and sensitive data are made possible by our sharding design. Additionally, Concordium facilitates communication and interoperability across shards as well as between Concordium and other blockchains. Concordium has a multilingual, standards-based smart contract core. The Concordium Platform also has trasparent fees, cost-efficient transactions, and an open incentive system.
With this proposition, a further 10 million euros will be invested in the ecosystem surrounding the Concordium Blockchain, according to Lars Seier Christensen, chairman of the Swiss non-profit Concordium Foundation and a pioneer in the FX and derivatives trading industries.
Despite the current bear market and potential recession that many are anticipating, the VC is adamant about helping to expand an ecosystem in which he has a great deal of faith. Concordium is working relentlessly to develop the technology needed to assist the transition from Web2 to Web3 and beyond. Concordium is a science-backed blockchain created with business applications in mind.
"I believe we are so early, and so undervalued, that despite all of the news of a recession, there is still great potential for incredible products with revolutionary, concrete real-world applications," Seier Christensen says of his decision.
As supporting initiatives connected to DeFi, gaming, the metaverse, and numerous industrial applications is a major area of growth for the blockchain, the funds will be utilized to finance projects wishing to expand on or integrate their dApps on the Concordium chain. All supported initiatives will also have the chance to receive marketing and commercial help from Concordium.
Find out more here: https://concordium.com/
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