📲 Insider Information in my Socials 👉
🛒 20% Binance Low cost 👉
👕 “Crypto King” Shirt👉
🔥 TOP Crypto TIPS In My Publication 👉

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📺Important Movies📺

Tokenomics Defined 👉
Metamask Information 👉
Concord Validator Set Up 👉
Concord Delegation Information 👉

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– TIMESTAMPS –
0:00 Intro
2:05 What’s Concord?
4:20 How does Concord work?
7:34 Concord Staking
9:49 ONE tokenomics
13:06 ONE worth evaluation
15:21 Concord Issues
18:19 Closing Ideas

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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️

► Efficient Proof of Stake Defined:
► Concord Staking Dashboard:
► Concord One Pockets Browser Extension:
► Concord Tokenomics:
► Concord Grants:

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👨‍🏫What’s Concord? 👨‍🏫

Concord was constructed from the bottom as much as correctly deal with the problems of scalability, safety, decentralization, and in addition privateness, which its founder as soon as known as the “fourth trilemma”.

A lot of Concord’s tech stack is impressed by main tasks within the good contract house, notably Ethereum and Cardano. Nevertheless, it appears to be a lot additional alongside in its growth.

⛓How does Concord work?⛓

The Concord blockchain is a sharded good contract suitable blockchain consisting of 4 shards. These 4 shards use a delegated proof of stake consensus known as Efficient Proof of Stake or EPoS for brief.

In EPoS, validator nodes are randomly assigned to one of many 4 shards each epoch, and this randomness is assured by way of a verifiable randomness perform.

To forestall a big validator from corrupting a shard, validators are economically incentivized to interrupt up their stake on a single shard whether it is too massive by reducing their staking reward.

💰Concord Staking💰

The minimal quantity of ONE cash you might want to be a validator is simply 10 000, which is round 1000 {dollars} on the time of capturing. You solely want 1000 ONE to be a delegator, presently value 100$.

Staking rewards on Concord range relying on what share of ONE’s complete provide is being staked. These can vary from 9% to 164% per yr. All staked ONE have a one week unlock interval.

Validators who attempt to double signal a transaction are slashed and booted from the community, whereas validators who’re offline for too lengthy are simply briefly faraway from the community.

💸ONE tokenomics 💸

At genesis, the ONE coin had a provide of 12.6 billion. 22.4% of this provide was allotted to the non-public buyers of the aforementioned 2018 seed sale at a price of simply over half a cent per coin.

One other 12.5% of ONE’s provide was offered by way of the Binance Launchpad IEO for just below a 3rd of a cent per coin.

The rest of ONE’s preliminary provide was allotted to the Concord group in some method, and all ONE cash are topic to varied vesting schedules lasting between 2-4 years.

The precise provide of ONE is unclear on condition that the Concord block explorer doesn’t present this info, and ONE continues to exist as a token on Ethereum and the Binance Chain.

📈ONE worth evaluation📉

One has seen a 20x improve in worth since January, and this was primarily pushed by its integration with Ethereum mixed with its sturdy tokenomics.

As a decrease cap cryptocurrency, it nonetheless has plenty of room to develop and given the efficiency of its rivals (Polkadot, Cardano and so forth.) ONE might nonetheless achieve in worth by a big quantity.

🕵️‍♂‍Concord Issues🕵️‍♂‍

Concord has had just a few hiccups relating to safety, transparency, and adoption. For starters, the Concord One browser extension pockets was hacked in November 2020, with 9 customers dropping their funds.

The Concord group has not been solely clear about what number of ONE cash they’ve. They solely just lately printed an article revealing which pockets addresses are theirs and what they’re doing with these funds.

Concord has a really arduous time onboarding customers. Solely 5000 individuals have downloaded their browser extension pockets, and their growth updates and partnerships are hardly ever lined by the crypto media.

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📜 Disclaimer 📜

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any explicit end result.

#concord #ONE #crypto #scaling #sharding #blockchain

Source: Coin Bureau