Q: What are the steps toward a fully decentralized Catena blockchain? Is there a specific roadmap? Compare Catena and Bitcoin in terms of decentralization.
A: We have set a target of reaching full decentralization one year after the launch of the main net. Our aim is to have a minimum of 64 validators spread across independent data networks, operated by different individuals or entities. In addition, we aim to establish a substantial presence of over 200 delegator nodes and at least 500 nominators.
The following steps play a key role in our plan to achieve this goal:
Network Infrastructure: We prioritize the creation of a robust network infrastructure that encompasses an ample number of nodes distributed geographically. This approach ensures redundancy, and fault tolerance, and eliminates the risks associated with a single point of failure.
Validator Onboarding and Incentivization: To actively engage node operators, we will design a system that incentivizes their participation. By offering rewards in the form of tokens, transaction fees, or other mechanisms, we aim to motivate stakeholders to uphold the blockchain’s security and maintenance.
Governance: Decentralized Autonomous Organization (DAO): A decentralized governance model will be established, empowering the community to collectively make decisions. This includes determining protocol upgrades, parameter changes, and driving community initiatives. Our objective is to prevent any undue control by a single entity or group, fostering a transparent and inclusive decision-making process.
Community Engagement: We place a strong emphasis on developing an active and involved community around the Catena blockchain. We will actively promote participation, openness, and open conversations in order to ensure a varied variety of opinions in decision-making processes. By fostering a collaborative environment, we can tap into the community’s collective wisdom and expertise.
By adhering to this roadmap, we are committed to achieving full decentralization for the Catena blockchain within one year of the mainnet launch. We recognize the significance of continuous improvement and active community involvement in creating a resilient and truly decentralized blockchain ecosystem.
It is critical to assess and compare the approaches used by Bitcoin and Catena in the context of decentralization.
Decentralization is achieved in Bitcoin through its Proof of Work (PoW) mechanism, allowing anyone to become a miner and fostering a large number of independent miners globally, thereby reducing power concentration. Conversely, Catena employs a smaller set of elected validators who control block production, introducing a certain level of centralization.
Scalability: Catena outperforms Bitcoin in terms of scalability. By assigning a limited number of validators to produce blocks, Catena Blockchain enables faster transaction processing and higher throughput. This is particularly advantageous for applications that require rapid transaction rates or handle a significant volume of transactions.
Governance Efficiency: The Delegated Proof of Stake (DPoS) approach in Catena allows stakeholders to elect validators, facilitating more efficient decision-making and protocol improvements. This governance structure promotes agility and responsiveness to evolving requirements, enabling faster consensus on network changes and adaptations.
Security: While Bitcoin’s PoW is renowned for its strong security due to decentralization, Catena also offers a high level of security. DPoS networks like Catena implement measures such as reputation systems, vote recall, and the ability to replace problematic validators, ensuring the honesty and accountability of validators. These measures contribute to network integrity and reduce the risk of centralization.
Energy Efficiency: Catena’s Proof of Stake (PoS) consensus mechanism is generally considered more energy efficient than Bitcoin’s PoW. In PoW, miners compete by solving complex mathematical puzzles, consuming substantial computational power and energy. In contrast, Catena does not rely on resource-intensive mining activities, resulting in lower energy consumption and a reduced environmental impact.
Trade-offs should be considered with Catena’s DPoS consensus. While it may introduce some centralized control due to a limited number of validators, this will be addressed over time as new layers of consensus, such as “Defender Nodes,” are introduced. Concerns regarding censorship resistance and potential collusion among validators will also be mitigated in subsequent network development phases through the inclusion of “Observer Nodes.”
Q: Based on your announcement, it appears that each node’s capacity is equivalent to 64 million coins. Is this the minimum requirement for coins? Additionally, I’m curious to know the maximum number of coins that can be accommodated. Have you considered a standard range for this capacity?
A: The minimum requirement to be a full validator on the Catena Blockchain is 64 million CMCX. This requirement can be met either by a single validator staking the entire amount or collectively by multiple delegators staking their CMCX with the validator.
To ensure the validator’s commitment and participation, there is a minimum self-delegated amount of 6.4 million CMCX. This means that the validator must stake at least 6.4 million CMCX of their own tokens to meet the validator requirement.
While the soft cap for being considered an active validator is set at 64 million CMCX, there is no hard cap for the staked amount of CMCX above this threshold. Any additional amount staked above the 64 million CMCX requirement will contribute to the validator’s voting power parameter within the network. This mechanism allows validators with a higher stake to have a greater influence on the decision-making process within the blockchain network.
By implementing a flexible staking mechanism that allows both individual validators and delegators to contribute to the validator’s stake, we aim to encourage participation and decentralization within the network. Validators who exceed the minimum requirement can play a larger role in the consensus and governance processes, thereby fostering a robust and open blockchain ecosystem.
Q: Could you please provide information about your strategies for integrating other projects and implementing Catena Bridge? Additionally, what is the concept behind establishing a cooperative relationship with them?
A: Collaboration, interoperability, and technical excellence are fundamental to our plans for integrating other projects and implementing Catena Bridge. To do this, we have undertaken a number of major initiatives and have plans for future improvements.
1. Open Standards:
To promote smooth interaction with other blockchain projects, we prioritize the adoption and implementation of open standards such as common protocols, APIs, data formats, EVM compatibility, and COSMOS IBC connectivity. This approach assures compatibility and interoperability, enabling seamless data and asset transfers between blockchain networks.
EVM Compatibility: We understand the importance of Ethereum Virtual Machine (EVM) compatibility because it allows smart contracts and decentralized apps (dApps) to run seamlessly across different blockchain networks.
a. EVM Support: We ensure that our blockchain platform supports EVM, allowing developers to deploy and execute existing Ethereum-based smart contracts and dApps without requiring significant changes. This compatibility makes it easier for projects to migrate from other EVM Blockchains to our blockchain, boosting interoperability and extending the ecosystem of decentralized applications.
b. Tooling and Developer Support: We will offer comprehensive tooling, documentation, and developer assistance for EVM-compatible integration. This helps developers move their contracts and applications to our blockchain, enabling a smooth transition and encouraging developer adoption.
COSMOS Inter-Blockchain Communication (IBC) Connectivity:
The COSMOS Inter-Blockchain Communication (IBC) protocol enables secure and efficient communication between independent blockchains. To enhance interoperability, we adopt COSMOS IBC connectivity as part of our open standards. Our method consists of the following components:
a. Integration with IBC: We integrate the COSMOS IBC protocol within our blockchain network, allowing for the seamless transfer of assets, data, and messages between our blockchain and other IBC-compliant networks. This connectivity broadens the scope of cross-chain interactions and allows for the development of complicated multi-chain applications.
b. COSMOS Ecosystem Collaboration: We actively engage in the COSMOS ecosystem, interacting with other projects and developers to improve interoperability and share best practices. We contribute to the evolution and refining of the IBC protocol, as well as its integration within the blockchain industry, by participating in the larger COSMOS community.
Legacy blockchains and PoW:
We realize the necessity of supporting legacy blockchains such as Bitcoin in addition to our commitment to open standards and interoperability. While Bitcoin uses a different protocol than our blockchain, we hope to give opportunities for interaction and integration.
a.Cross-Chain Interoperability: We strive to build bridges or interoperability protocols that allow assets and data to be transferred between our blockchain and legacy blockchains such as Bitcoin. These bridges allow users to utilise their Bitcoin assets within our blockchain ecosystem by facilitating seamless communication and interoperability.
b. Wrapped Tokens: On our blockchain, we may introduce wrapped tokens or tokenized representations of Bitcoin. Wrapped Bitcoin tokens (e.g., WBTC) are linked to the value of Bitcoin and may be utilized within our blockchain network, allowing users to benefit from our platform’s functionality and capabilities while remaining exposed to the value of Bitcoin.
2. Developer Outreach:
We regularly connect with developers and communities of other projects to stimulate collaboration, foster innovation, and investigate integration options. Among our developer outreach programs are the following:
We provide extensive and up-to-date documentation that covers all aspects of our blockchain platform, including its architecture, protocols, APIs, and integration standards. This documentation is an excellent resource for developers interested in integrating their ideas with our blockchain.
Developer Resources: To assist developers in constructing apps on our blockchain, we provide a variety of developer resources such as SDKs (Software Development Kits), libraries, code samples, and tutorials. These resources cater to a variety of programming languages, such as Solidity, Go, Rust, and TypeScript, ensuring compatibility and accessibility for developers with a wide range of backgrounds and preferences.
Popular Programming Language Support:
Solidity: For developers who are familiar with Solidity, the programming language frequently used for writing smart contracts on the Ethereum platform, we provide a specialized development environment and tooling. This means that Solidity developers can quickly switch to our blockchain and deploy their existing skills and knowledge.
Go, Rust, and TypeScript: We also extend support for other popular programming languages like Go, Rust, and TypeScript, allowing developers proficient in these languages to seamlessly develop applications and smart contracts on our blockchain platform. This flexibility empowers developers to utilize their preferred languages and frameworks, enabling wider adoption of our blockchain technology.
A New Blockchain Optimized Programming Language (Coming Soon): We are pleased to announce that we are now working on a new blockchain-optimized programming language created particularly for our platform. This language will include novel features and optimizations that will improve the efficiency, security, and speed of smart contracts and decentralized apps built on our blockchain. We will provide full documentation, tooling, and support for developers interested in using this new language in their projects in the near future.
3. Extensibility and Upgradability: We designed Catena Bridge to be extensible and upgradeable, enabling for the incorporation of additional blockchain networks and protocols as they emerge. This adaptability means that the bridge can keep up with changing industry norms and technological breakthroughs.
Finally, In response to the second part of your question, the fundamental concept behind establishing a cooperative relationship with other projects revolves around achieving interoperability, fostering synergy, expanding the blockchain ecosystem, sharing resources, and engaging communities.
By collaborating with other projects, we hope to establish a connected and inclusive blockchain industry in which seamless communication, shared knowledge, and collective progress drive innovations to the benefit of everyone involved.
Q: What is different between Catena and other new layer zero blockchains such as Polkadot, and Cosmos?
A: Catena distinguishes itself from other layer zero blockchains like Polkadot and Cosmos through its emphasis on scalability, interoperability, usability, and privacy. Catena offers a versatile multichain environment with better privacy features and a dual address system for interoperability, a voting-based governance approach, and a focus on user friendliness.
Polkadot: Polkadot focuses on scalability through a shared security model. Parachains in the Polkadot network benefit from the overall security of the relay chain, allowing them to optimize for performance and specific use cases while maintaining security.
Cosmos: Cosmos achieves scalability by enabling the creation of independent sovereign blockchains. Each blockchain can scale independently, providing high performance for its specific use case.
Catena: Catena achieves scalability through Pipelining, Chunking, and Parallel Transaction Processing. These technologies enable Catena to attain significantly higher throughput and efficiency, making it infinitely scalable.
Polkadot: Polkadot is designed as a multi-chain framework that enables interoperability between different blockchains, allowing them to share assets, data, and services through the Polkadot relay chain.
Cosmos: Cosmos also prioritizes interoperability through the Cosmos Hub, which serves as a central hub for sovereign blockchains to communicate and share assets, data, and services using the Inter-Blockchain Communication (IBC) protocol.
Catena: Catena emphasizes interoperability by enabling seamless communication and data transfer between different blockchains within its network. This enhances the exchange of assets, information, and services across chains. Catena also provides a multichain bridge that supports other ecosystems and employs a dual address system, ensuring compatibility with multiple blockchains.
Polkadot: Polkadot employs a sophisticated governance mechanism called “DOT governance.” DOT holders can participate in decision-making through staking and voting, ensuring a decentralized governance process.
Cosmos: Cosmos follows an on-chain governance model, allowing token holders to participate in decision-making by staking and voting. This approach ensures a democratic and decentralized governance system.
Catena: Catena adopts a Voting-Based Governance model, allowing participants to have a say in decision-making processes. This inclusive approach promotes community engagement and consensus building.
Polkadot: Polkadot aims to provide a developer-friendly environment with robust tooling, frameworks, and libraries. Its focus is on facilitating easy development and integration of parachains and applications within the Polkadot ecosystem.
Cosmos: Cosmos also focuses on usability, providing developers with a user-friendly experience through its SDK (Software Development Kit) and developer tools. It aims to simplify the process of building and launching sovereign blockchains within the Cosmos network.
Catena: Catena places a strong emphasis on usability, striving to provide a user-friendly experience for developers and end-users. It offers intuitive interfaces, comprehensive documentation, and developer tools to simplify blockchain adoption. Additionally, Catena provides a multichain wallet that supports other ecosystems, enabling users to manage different blockchain assets conveniently.
Polkadot: Polkadot’s approach to privacy may vary depending on the specific parachains within its network. Privacy features can be implemented by individual parachains to address specific use cases or requirements.
Cosmos: Cosmos doesn’t inherently focus on privacy as a primary feature. However, individual sovereign blockchains within the Cosmos ecosystem can implement privacy solutions based on their specific needs.
Catena: Catena incorporates built-in privacy-enhancing features and techniques to protect sensitive information. Catena protects the security and confidentiality of user data and transactions by utilizing advanced cryptographic techniques and privacy-focused protocols.
Q: If another blockchain joins Catena like Cosmos, will every native address have a specific Cosmos address like EVM? (We already have an EVM address.)
A: The use of a dual address system is a significant part of Catena’s approach to address compatibility and interoperability.
Catena utilizes the Bech32 format for its native addresses within the Catena network. This means that all transactions and interactions on the Catena blockchain use the Bech32 address format.
However, when other blockchains, like Cosmos, are integrated into the Catena network, their native addresses often preserve the exact address format used in their ecosystems. This means that Cosmos addresses will continue to be in Bech32 format.
EVM-compatible blockchains, on the other hand, can integrate utilizing the EVM 0x format for address compatibility. This facilitates seamless interaction between the Catena ecosystem and different EVM-based chains.
Catena’s dual address architecture offers considerable advantages by providing compatibility and easy interaction between different chains within the ecosystem. The dual address system ensures efficient interaction, interoperability, and the exchange of assets, information, and services across the Catena network, regardless of the specific address format used by each chain.
Q: About native USDT on Catena! When can we do that?
A: The availability of native USDT (Tether) on the Catena network would be determined by a number of factors, including Catena’s development roadmap and any potential collaborations or integrations between Tether and Catena.
If there are plans to provide native USDT on Catena, it will undoubtedly require coordination and cooperation between the Catena and Tether teams. This may include technical implementation, security assessments, and regulatory considerations to maintain the native USDT’s stability and integrity inside the Catena ecosystem.
It is best to follow official statements and news from the Catena project and Tether to remain up-to-date on news addressing native USDT on Catena. Keep a lookout for any changes or announcements on the launch of native USDT on Catena on their official websites, blogs, social media channels, and other relevant cryptocurrency news sources.
Q: If I send BTC to Catena, is this converted to WBTC? Or will native BTC coins remain?
A: If you send BTC to Catena, it will be retained and operated as a native BTC within the Catena network. Specific tokenization mechanisms or bridges may exist within Catena to convert BTC into a different representation, such as an ERC-20 token like WBTC, although this would be dependent on the Catena network’s specific implementation and infrastructure.
Q: Block finality time?
A: Block finality time of 2 seconds implies that once a block is added to the blockchain, it is considered final, with no additional confirmations or waiting periods required. This ensures near-instantaneous transaction confirmation and a high level of security and reliability.
Q: Tokenomics is not inflationary. We already mint 16 billion in the first block. How do you mint another 2 billion? Or is the total supply 16 billion?
A: The total number of coins would be 18 billion CMCX, with 16 billion minted on the mainnet at Genesis time.
Based on this approach, an additional 1 billion coins will be minted on the main net during the next four years:
The periodProvision is calculated using the following formula:
periodProvision = (i * (1 — d) ** x + a) * (1 + maxVariance * (1 — stakedRatio / stakedTarget))
i= 1,000,000,000 (initial value)
d= 0.5 (decay factor)
a = 31,250,000 (yearly adjustment)
maxVariance = 0.0 (maximum amount to increase inflation)
stakedTarget = 0.65 (optimal stakedRatio)
Additionally, a total supply of 1,000,000,000 tokens will remain on other chains (BSC, TRON, and ETH).
Tokens on other chains will be burned once converted to coins.
Q: And in the next question, you said that this currency is anti-inflationary and you are going to burn tokens. I want to know how this token burning works. Monthly, yearly, or daily. Thank you for letting us know how long the token burning will last. The receipt of token burning continues or is stopped, for example, when the receipt of ten billion is received, token burning is no longer done or continues
A: Following the launch of the mainnet and the formation of the DAO, the token burning procedure is governed by the DAO participants’ agreement. The DAO is an autonomous, decentralized entity in which token holders have voting rights to make project-related decisions.
The details of how the DAO decides and executes the token burning process will be determined by the governance mechanisms in place. It could entail token holders within the DAO submitting, discussing, and voting on proposals. The voting procedure may include specific conditions, such as minimum participation thresholds or voting durations.
The outputs of these DAO-based voting processes would decide the duration and frequency of token burning. It could be a one-time event, recurring at regular intervals (e.g., monthly, yearly), or triggered by specified circumstances or milestones set by DAO participants.
Q: For over a month, the Catena team has been promising to have the IOS wallet submitted to the review process. My question is: how can it be that this audit has not been done for over a month?
A: We’ve been just as impatient as you have since it’s taken longer than expected. As Catena Wallet Team Lead, I can explain that developing the Catena MultiChain wallet is a complex undertaking that involves various components. One of the main challenges we have encountered is ensuring compliance with Apple’s Data Protection and Privacy Guidelines. These guidelines are crucial for safeguarding user data and require us to meet specific requirements regarding security measures, user interface design, and integration with blockchain technology.
Since the app is submitted by our EU subsidiary, the case sensitivity has risen even more. We endeavor to comply with regulatory standards and operate within specific jurisdictions. This may require additional compliance checks and legal reviews, which can be meticulous and time-consuming, ultimately prolonging the overall audit or review process.
In particular, if our wallet accesses or shares user data from external sources, we must adhere to Apple’s guidelines for data protection. This involves conducting thorough evaluations of the external endpoints or data providers that our wallet connects to, ensuring they meet privacy standards and do not compromise the security of user data. We have implemented stringent security measures, data encryption, and user consent mechanisms to meet these requirements.
Also, there are external factors that can contribute to delays beyond our control. These may include issues related to categorization or jurisdiction, which can affect the timeline of the review process. Additionally, we may need to coordinate with third-party auditors, security experts, or regulatory bodies as part of the review process. Their availability and schedules may introduce time constraints, causing further delays.
We understand the importance of delivering a robust and secure wallet to our users and are working diligently to ensure that Catena MultiChain Wallet meets all necessary requirements and adheres to Apple’s guidelines. We appreciate your patience and understanding as we work to overcome these obstacles and strive to provide a high-quality wallet experience.
Q: Regarding the Catena Explorer, They have said that the Catena Chain is running successfully on 8 nodes, but there is only one validator address that verifies the blocks, and this address has no rewards for its validation. Why is that?
A: I would like to address the question regarding the Catena Chain and provide a clear explanation based on the clarification provided by the team.
It seems that there was a slight misunderstanding in the previous announcement. The mainnet of the Catena Chain is actually running on 4 project nodes, not 8 as previously stated. To ensure accurate information, this correction is currently being conveyed.
At present, due to the network topology known as a “Sentry Nodes” architecture, users are currently unable to inspect the project’s node addresses. This architecture typically involves intermediary nodes that serve as a layer of protection and handle the communication and forwarding of requests between users and the actual project nodes. The purpose of this architecture may be to enhance security or balance the network’s load.
Although, the team has indicated that in future updates, the Validators/Delegated nodes will be integrated with the mainnet. When this integration occurs, these nodes, which play a crucial role in block validation and consensus, will become visible to the public in a separate section in Catena Explorer. This suggests that the Catena Chain is planning to introduce Validators/Delegated nodes and will provide transparency by making their addresses accessible.
Q: The transaction histories of the individual wallet addresses are still not visible. Why is this not being completed?
A: Catena Explorer Team has already completed the development and activation of the option to view transaction histories for each wallet address. This means that users can now access and review the transaction records associated with specific wallet addresses.
Q: Where are the validator servers located, and what entity is in charge since the community knows so little about them?
A: We have implemented measures to ensure decentralization by setting up each node in different data centers and with different service providers across various continents. These locations include Europe (Germany), Asia (Tokyo), Mainland China, and Canada. This geographically diverse setup helps distribute the network infrastructure and mitigate the risk of a single point of failure.
We aimed to improve network resilience, security, and performance by utilizing several data centers and service providers across multiple locations.
To provide transparency, the Catena team intends to make each node’s geolocation available via the Portal dashboard. This means that users will have the ability to see the specific geographic location of each validator server, which promotes network openness and trust.
Q: Will the Catena blockchain have a bridge between Fiat money and cryptocurrency in the future? What is the implementation of the above idea?
A: The idea of a bridge connecting fiat money and cryptocurrencies is not unique to any specific blockchain. Several cryptocurrency exchanges and platforms already support the conversion of fiat currencies (such as USD, EUR, or GBP) into cryptocurrencies. These exchanges function as intermediaries, allowing users to deposit fiat money and turn it into cryptocurrency tokens, or vice versa.
Compliance with regulatory regulations, like KYC and AML procedures, is often required for the establishment of such a bridge.
Please keep in mind that blockchain technology does not directly handle fiat money; it is basically a digital ledger built for decentralized and transparent transaction record-keeping. Exchanges and platforms that run on top of blockchain technology help to bridge the gap between fiat and cryptocurrencies.
Q: Do you burn tokens after the launch of DAO by the decision of the community, and is this currency anti-inflationary?
A: Certainly! Implementing deflationary mechanisms like token burning was in the plan from day one. Token burning can be initiated by the community through proposals or voting procedures within a DAO once the DAO has fully launched (after 15,000 active addresses on the mainnet).
Q: According to the latest announcement, the Catena node operator portal will be made available on July 12. Additionally, the final nodes have been notified as follows:
- 4 NODES: Managed by the CATENA
- 2 NODES (Dedicated): For Individuals or Organizations
- 4 NODES (Delegate): Shared among users
I have some questions regarding the portal and nodes:
In the previous announcement, you mentioned the Mainnet staking portal. Is this the same as the delegate portal, or is it an independent portal solely providing staking profits?
A: Yes, the Mainnet staking portal mentioned in the previous announcement is the same as the operator portal. It will serve as an all-in-one platform where users can access the dashboard and manage their staking activities. Whether you are delegating your tokens to validators or running your dedicated nodes, you will be able to perform all staking-related actions through this portal. It will provide functionality for staking, monitoring staking rewards, and managing your staked tokens.
Q: Will the team be responsible for managing the delegate nodes? Also, will the team be providing the necessary hardware for these nodes?
A: Depending on the exact arrangements and agreements in place, the responsibility for managing delegator nodes can be assigned to the team or to a user. If the team accepts the task, they will be in charge of administering the nodes, as well as ensuring their precise functioning and performance.
If the task is given to a user, the team may perform a brief interview to check the user’s skills and expertise in administering a node. This interview is necessary to confirm that the user has enough knowledge and capability to appropriately manage the delegated nodes.
The hardware required for these nodes is determined by the unique requirements and recommendations of the system or network in question. In some circumstances, the team might provide the appropriate hardware for the delegator nodes, assuring network consistency and compatibility. Alternatively, based on the instructions supplied by the team or network, the user may be responsible for purchasing and maintaining the necessary hardware themselves.
Q: Does the portal offer a compound option? This would allow holders interested in re-delegating their rewards to do so with more convenience and lower fees.
A: Yes, Users can re-stake their rewards as Delegated to increase their rewards, but the rewards for every staking are subject to change over time depending on many factors.
Q: Please also explain the profit of reward blocks for the delegator.
A: The reward for each verified transaction ranges from 0.021 to 0.2 CMCX, and each block reward is 64 CMCX, delegators can also receive a portion of these rewards based on the amount they have staked.
When a delegator stakes their tokens with a validator, they contribute to the overall stake of the validator’s node. The more tokens a delegator stakes, the higher their stake proportion within the validator’s staking pool. This stake proportion determines the share of rewards that the delegator is eligible to receive.
The distribution of rewards among delegators is based on a proportional system. This means that the rewards earned by the validator, such as transaction fees or newly minted coins, are distributed proportionally among the delegators based on their stake.
For example, let’s say there are two delegators, A and B, who have staked 100 and 200 tokens, respectively. The total stake in the validator’s pool is 300 tokens. If the validator receives a block reward of 64 CMCX, the rewards distributed to the delegators would be calculated as follows:
Delegator A’s reward = (100 / 300) * 64 CMCX = 21.33 CMCX
Delegator B’s reward = (200 / 300) * 64 CMCX = 42.67 CMCX
In this scenario, the delegators receive rewards based on their stake proportion. Delegator B, with a higher stake, receives a larger share of the rewards compared to Delegator A.
It’s important to note that the actual rewards earned by delegators may vary depending on the network’s specific rules and the validator’s performance. Additionally, other factors like network fees, slashing penalties for misbehavior, and other protocol-specific parameters can affect the final reward distribution.
Q: And that stake coins in the smart chain can be canceled, and shared with the delegate?
A: The BSC chain’s staking will be entirely transferred or mirrored to the mainnet. The details will be revealed following the Validator/Delegated integration.
Q: Please provide clearer details regarding the native address. It appears that the gas used and fees are higher when compared to an EVM address. Can you explain the benefits of having a native address and utilizing CMCX coins within it?
A: That is correct. The gas fees on the native network are higher compared to EVM network transactions In order to cover CATENA’s ecosystem. All of Catena’s products, from DAO to P2E gaming and more, are all to be run on the native network. The main purpose of the EVM network is to communicate/transact with other EVM compatible networks.
Q: In terms of cross-chain functionality and swapping, it seems that the Multichain project is a formidable competitor with over 66 interconnected blockchains. Do you have any plans to connect the Multichain blockchain with Catena’s blockchain?
A: The Multichain project indeed focuses on providing cross-chain functionality and acting as a protocol for connecting different blockchain networks. However, Catena project has a broader vision and purpose beyond just serving as a bridge.
While Catena does offer a bridge as one of its products, its overall objectives encompass more than facilitating cross-chain swaps. Catena aims to create a robust and scalable blockchain ecosystem that supports a wide range of applications and use cases. The project’s focus extends to areas such as decentralized finance (DeFi), supply chain management, digital identity, and more.
I am not aware of any specific plans to connect the Multichain Project with Catena. Anyway, the blockchain industry is evolving rapidly, and new collaborations and integrations are continually being explored to advance cross-chain functionality.
Q: Why should other people prefer our blockchain to others?
A: Users might prefer Catena over other alternatives for a number of reasons. Here are some key advantages:
High-speed transactions: Our blockchain is designed to process transactions quickly, ensuring faster confirmation times compared to other networks. This allows for more efficient and convenient transactions, particularly in scenarios where time is crucial.
Low fees: Our blockchain implements a fee structure that ensures minimal transaction costs. By keeping fees low, users can save money and maximize the value of their transactions, making it an attractive option for individuals and businesses alike.
Scalability: Our blockchain is built with scalability in mind. This means that as the network grows and the number of transactions increases, our infrastructure is capable of handling the load without compromising performance or transaction speed. Scalability is vital for accommodating future growth and widespread adoption.
Focus on privacy: Privacy is a fundamental concern for many individuals in the digital age. Our blockchain prioritizes privacy and employs advanced cryptographic techniques to safeguard user data and transactional information. This emphasis on privacy gives users peace of mind and protects their sensitive information.
Native network utilization: Our blockchain ecosystem offers various products and services that leverage the benefits of our native network. For example, our P2E gaming platform allows users to engage in play-to-earn experiences, creating opportunities for individuals to earn rewards and participate in a vibrant gaming community.