On June 30, 2021, CoinEx Smart Chain (CSC) was officially launched on the mainnet. Stable operation of the test network A month. CSC is a smart chain that provides developers with an efficient and low-cost on-chain environment to run smart contract applications (DApps) and store digital assets.
CSC is a blockchain compatible with Ethereum, which is friendly to developers and easy to use. It is not only fully compatible with EVM, but also fully compatible with smart contracts on ETH, BSC and HECO, which means that almost all DApps, ecosystem components and tools on Ethereum can be directly migrated to CSC with only minor changes.
Combining PoS (Proof of Stake) and PoA (Proof of Authority), CSC produces blocks in seconds, and supports up to 101 block producers; it maintains a very high TPS number while maintaining a low cost. The PoS-based consensus is more environmentally friendly and is better than the PoW-based consensus in terms of performance (with less block generation time and higher transaction capacity). The consensus based on PoS can be flexibly managed by the community without affecting decentralization.
In addition, the PoS model followed by CSC makes information 100% open and transparent, allowing users to pledge coins as validators without permission. CSC is open, fair and transparent, and aims to act as a bridge connecting users, assets and DApps. CSC provides users and developers with an efficient and low-cost on-chain experience, and removes all complex barriers for developers, especially those who are new to DeFi.
Plan after successful launch
After the CoinEx public chain team launched the testnet, May 10 million USD support plan, The official launch of the main network will significantly improve the efficiency and application of the original asset CET, which aims to become an indispensable part of the CSC ecosystem.
The CSC mainnet, as a new type of blockchain infrastructure that integrates multi-layer chains and networks from the core chain to the application chain, has made breakthroughs in throughput, cross-chain collaboration, trusted data exchange, and security.
While ensuring that Ethereum is compatible with future upgraded versions, CSC will continue to improve the throughput of the blockchain, make blockchain clients easier to use, improve the security of custody services, and provide more general token-related cross-chain services . At the same time, enriching the decentralized application ecosystem will be one of CoinEx’s key goals.
This US$10 million ecosystem support fund The purpose of the recent launch is to encourage more development. Promising DeFi projects will receive up to $100,000 in support funds. The CSC Foundation will also provide additional resources in funding, technology and marketing for outstanding DeFi projects.