3 min read · Dec 29, 2023
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CoinEx Smart Chain (CSC) is a public chain decentralized and highly efficient in terms of speed and performance. It was developed by the CoinEx public chain team to provide decentralized financial services to all kinds of users.
By providing developers with an on-chain platform that is both efficient and affordable, it can facilitate the execution of decentralized applications (DApps) and the storage of digital assets.
Designed by the CoinEx public chain team specifically for decentralized finance, CSC boasts several key features. Firstly, it seamlessly integrates with the Ethereum ecosystem, ensuring easy migration of DApps to CSC via the Ethereum Virtual Machine (EVM). This compatibility streamlines development while providing users swift access to the CSC network.
CSC excels in performance metrics. It achieves remarkably high efficiency by generating blocks in mere seconds, supporting an impressive transaction per second (TPS) rate, and maintaining minimal transaction fees, all thanks to its PoS consensus mechanism.
CSC promotes decentralization by employing a unique approach to block proposers. Up to 101 block proposers are supported and selected based on the number of CET stakes they hold, eliminating the need for centralized institution reviews and enhancing the network’s decentralized nature.
This Ethereum compatibility, efficiency, low fees, and decentralized governance position CoinEx Smart Chain as a promising platform for developers seeking a feasible, cost-effective, decentralized blockchain platform for their applications and financial solutions.
The Cross-Chain Bridge introduced by the CoinEx Smart Chain (CSC) signifies a pivotal step in supporting robust public chain infrastructures. This innovative bridge is a secure channel, enabling swift and secure asset exchange between the CSC Mainnet and other compatible blockchains.
It ensures a seamless and trustless transfer experience, employing advanced encryption and smart contract functionalities to safeguard transactions.
By facilitating rapid asset swaps, this bridge amplifies accessibility and liquidity within the CSC ecosystem, fostering a more interconnected and versatile environment for users to engage with assets across diverse blockchain networks.
CSC seamlessly integrates with the Ethereum ecosystem, allowing effortless migration of decentralized applications (DApps) from Ethereum to CSC. This interoperability expands the platform’s reach and usability.
Leveraging a Proof-of-Stake (PoS) consensus protocol, CSC achieves exceptional efficiency by generating blocks rapidly and supporting high transaction throughput. This results in significantly lower transaction fees than many other blockchain networks, enhancing cost-effectiveness.
CSC promotes decentralization by enabling up to 101 block proposers to be chosen based on their CET stakes. This approach removes the need for centralized institution reviews, enhancing the network’s democratic governance and resilience.
CoinEx Token (CET) holders can earn rewards by staking their tokens. These rewards often include a share of transaction fees, incentivizing users to participate actively in the network’s activities.
Users can operate staked nodes, contributing to the network’s security and consensus mechanism. By staking CET, users secure the network and receive incentives in the form of additional CET or other benefits.
