Within CENTAUR FINANCE ecosystem there is a magnificent tool that will open the doors of blockchain to traditional financial institutions. These institutions will watch eventually how the field of digital finances will incorporate more and more applications in order they can perform in both DeFi and CeFi sectors. This tool is CENTAUR CHAIN which purpose will be to include people and institutions in this amazing world we call blockchain or cryptocurrency. Beyond the basic functions of a blockchain to manage transactions and information, CENTAUR CHAIN will work as a settlement layer in order to support several uses cases like remittance, micro-financing, accounting, insurance and payroll with the purpose of providing a whole and complete ecosystem for institutions and companies so they can do their functions under CENTAUR CHAIN ecosystem.
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As we know and I have explained in other articles, CENTAUR CHAIN is a COSMOS based blockchain that will be the ideal place for institutions but also it will open and will develop more DeFi and CeFi fields within cryptocurrency. The decision to take COSMOS as basement of its network has been very useful and positive because the Inter-Blockchain Communication Protocol (IBC) of Cosmos will allow CENTAUR CHAIN to communicate with other blockchain protocols within COSMOS Ecosystem. This will provide CENTAUR CHAIN the scalability needed in order to grow very often with time. What it tries to say here is that COSMOS IBC will allow CENTAUR CHAIN economic interaction with other protocols without being part of them. This is the kind of flexibility that other protocols doesn’t have and now it is part of CENTAUR CHAIN identity.
The way that CENTAUR CHAIN will be able to unify itself with other protocols is through CENTAUR BRIDGE which is a tool at developing stage and it will be the perfect interface that will allow CNTR holders to bridge crypto-assets between these protocols. With this innovation CENTAUR CHAIN will be definitely one of the most inclusive cross-chain settlement layer.
We know that validators play a key role in blockchain networks so here at CENTAUR FINANCE, anyone can be a validator on CENTAUR CHAIN by running nodes and putting some CNTR as collateral, this is known as staking. CENTAUR CHAIN will operate with a maximum of 100 validators and when this quantity is reached, the top 100 nodes with more staking will be selected as validators. There are procedures in order to increase the voting power and rewards when the staking amount is lower than the minimum needed to be a validator.
As some features of CENTAUR FINANCE are still at early stages, in order to qualify as a node, there is the need to complete a security process with CENTAUR. The market lately has been impacted by whales in several sectors so this security process is to prevent whales can touch and control the network. As we can see here, CENTAUR FINANCE features as HADAR WALLET, CENTAURSWAP and CENTAURCHAIN have been designed in order to complement each other and in that way they can define what people and institutions are looking for in order to have a place within blockchain and cryptocurrency. This is a very functional ecosystem for sure and I think part of the future of blockchain will be oriented to perform in a similar way to CENTAUR FINANCE because they are the kind of platforms that will allow the entrance of the whole world into blockchain and DeFi technologies. This is the opportunity a lot of people, institutions and industries have been waiting for in order to be at the front of digital finances in the next years.
https://cntr.finance/
https://t.me/OfficialCentaur
https://medium.com/centaur
https://docs.cntr.finance/