CENNZnet is a public blockchain network which powers decentralised applications (DApps) and the crypto currency $CENNZ and $CPAY. CENNZnet aims to provide a user-first experience for both DApp developers and their end users.
CENNZnet features
A user-first dapp platform
- The CENNZnet permissioning protocol ensures users are protected when interacting with DApps
- CENNZnet makes the life of new DApp users easier by providing delegated fee payments, so DApps can pay for their users transactions during onboarding, which will reduce initial issues for mainstream adoption
- Native assets are a 4 decimal places, rather than more complex units which can go up to 18 points
Built-in run time modules
DApp builders have access to core CENNZnet modules inside the blockchain runtime which provide common building blocks like identity attestation, currency (generic assets), and NFTs. This accelerates time to get to market as devs can build a use case by leveraging existing quality components.
Consensus mechanism: Proof of Stake
Dual token system
- $CENNZ is a staking token and works separately from block rewards. This means it can increase in value without impacting the cost of using the network. This is important so the price of $CENNZ can continue to increase without impacting the amount developers and users pay to use DApps.
- $CPAY is the gas in the network and is used to pay transaction fees. It is also a block reward payment in staking. It’s designed to be algorithmically stable, so it will retain a steady value. This means developers creating DApps on the network can easily predict the cost of their application, and stakers can easily predict the value of their stake. $CPAY will also be tradable on the CENNZX exchange initially or can be transferred directly between wallets.
