What Is Crypto Classic (CRC)?
The Crypto Classic project is a protocol designed to bring market-leading Binance Smart Chain (BSC) protocols and blockchain infrastructure together. The platform aims to standardize communication between both BSC and blockchain. The platform’s mechanism aims to allow for the creation and execution of complex financial transactions while maintaining high levels of security, anonymity, and liberty. The Crypto Classic ecosystem wants to top the category as the most secure payment method of the future.
According to the platform’s greenpaper, the world is facing a rapid rise in digitalization, and almost every transaction, information exchange, contract, and negation occurs in cyberspace. However, centralized payment and transactional methods lack in keeping up this pace and result in issues like single points of failure and slow processes. Crypto Classic aims to leverage blockchain technology to eliminate these shortfalls of the existing payment industry along with resolving a few major mining issues.
The new-generation blockchain technology of Crypto Classic seeks to allow the network users to make payments quickly, efficiently, a lot cheaper, and without any interference from mediators. The Crypto Classic blockchain also seeks to enable faster data transfer and is self-updateable. The blockchain automatically updates itself according to the changes and trends in the blockchain industry.
Crypto Classic platform also aims to resolve existing energy inefficient blockchains. According to the website, the worldwide electricity consumption for Bitcoin mining causes 63 megatons of carbon dioxide emissions each year. Researchers have mentioned that cryptocurrencies alone can be the reason for the 2° Celsius increase in global warming. Crypto Classic aims to deploy a low-carbon technology to help save nature. The platform also supports organizations working towards global environmental problems.
As per the platform’s greenpaper, CRC tokens act as digital assets represented via smart contracts. The Crypto Classic platform has different token standards for various projects developed on the network. The CRC tokens can be used in multiple ways, such as for bulk sales during an ICO (Initial Coin Offering) or trading.
History of Crypto Classic (CRC)
The Crypto Classic project was launched in the third quarter of 2021, followed by getting listed on multiple exchanges and releasing its greenpaper in Q4 2021. The CRC tokens have a total supply of 100,000,000 tokens.