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About Concordium

Concordium (CCD) is a public-permissionless Layer 1 blockchain that was launched in 2018. It strives to balance privacy with accountability by embedding encrypted ID into every on-chain transaction, enabling identification at a protocol level. Concordium's primary objective is to aim to simplify the integration of blockchain technology for businesses, with a focus on regulatory compliance. The platform uses zero-knowledge proofs to provide users with full privacy. Concordium's native cryptocurrency, CCD, is used for various purposes such as compensating transaction fees, staking, and as a collateral/settlement medium for Concordium’s DeFi landscape.

Concordium operates using a dual consensus mechanism. On one end, operators, known as bakers, process transactions using a Nakamoto-style Proof-of-Stake mechanism. On the other end, a Byzantine fault tolerant (BFT) agreement among a set of specialized bakers, known as finalizers, is used to finalize transactions. One of Concordium's features is its built-in identity layer, which employs trusted identity issuers to provide users with their self-sovereign identity. The network aims to maintain a balance between user privacy and the need for identification if a legitimate legal issue arises. On-chain transactions are carried out privately using cryptographic means to prove that all participants have been verified without disclosing their identity.

Concordium aims to provide an execution environment for smart contracts and digital financial primitives that may be suited for enterprise users. Some of these features include high throughput with fast finality, low, fixed transaction costs, and a regulated DeFi Lab. Concordium's unique identity layer can be used to create self-sovereign identities, which can be useful in various sectors such as finance, healthcare, and supply chain management. The platform's ability to balance privacy with accountability makes it suitable for businesses that need to comply with regulatory requirements while also benefiting from the advantages of blockchain technology.

Concordium was founded by Lars Seier Christensen, the co-founder and former CEO of the online trading and investment platform Saxo Bank. The project was launched in 2018 with a team that includes leadership from Volvo, IKEA, Credit Suisse, and more. The team behind Concordium includes more than 30 individuals, making up the Foundation Board, the Science Team, the Technical Team, an Operations Team, and an Advisory Board. Notable team members include Professor Ueli Maurer, a senior academic at the Swiss Federal Institute of Technology in Zurich, and Professor Ivan Damgård, the co-inventor of the Merkle-Damgård cryptographic hash. The company has raised funds, partnering with Geely, a global automaker and co-owner of Volvo Cars, Volvo AB, and Daimler.

Market

Market stats

Market cap

$34.3M

Volume (24h)

$693,303.58

Circulating supply

9.5B CCD

All time high

$0.0873

Market performance

Price change (1h)

+0.2%

Price change (1d)

-1.73%

Price change (1w)

+1.09%

Price change (2w)

-7.12%

Price change (1m)

-26.25%

Price change (1y)

-62.27%

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Concordium is on the rise this week.

The price of Concordium has increased by 0.20% in the last hour and decreased by 1.73% in the past 24 hours. Concordium’s price has also risen by 1.09% in the past week. The current price is $0.0036 per CCD with a 24-hour trading volume of $693.30K. Currently, Concordium is valued at 95.87% below its all time high of $0.0873. This all-time high was the highest price paid for Concordium since its launch.

The current circulating supply of Concordium is 9,502,172,907.147 CCD which means that Concordium has as total market cap of 9,502,172,907.147.

FAQ

What is the current price of Concordium?

We update our Concordium to USD currency in real-time. Get the live price of Concordium on Coinbase.

What is the market cap of Concordium?

The current market cap of Concordium is $34.26M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Concordium?

The all-time high of Concordium is $0.0873. This all-time high is highest price paid for Concordium since it was launched.

What is the 24 hour trading volume of Concordium?

Over the last 24 hours, the trading volume of Concordium is $693.30K.

What other assets are similar to Concordium?

Assets that have a similar market cap to Concordium include Metaplex, Thrupenny, Carry, and many others. To see a full list, see our comparable market cap assets.

How many Concordium are there?

The current circulating supply of Concordium is 9.5 billion.

Can I buy Concordium on Coinbase?

No, Concordium is not currently available on Coinbase, but you can sign up to get the latest news on Concordium and be notified when it gets added to our exchange.