More than a year has passed with many difficulties and events. Nevertheless, Canxium has realized its initial vision of creating a new blockchain with new core values, such as: offline mining, stable mining costs, and a blockchain with a supply that adjusts to market demand. At the same time, we have successfully implemented all three consensus algorithms in a single blockchain, which is unprecedented, no project has accomplished this: Proof off Work, Proof of Demand, and Proof of Stake.
Thus, we have successfully completed our first mission beyond expectations. It is time for us to take another step forward and present the next vision for Canxium, focusing on building a complete ecosystem and moving toward full decentralization of this blockchain. The Canxium Foundation will become an organization aimed at realizing ideas & missions initiated and approved by the community of CAU stakeholders. This is the next mission and vision we are striving for in the future until we achieve it.
As mentioned, the next vision is to build an ecosystem and community, so the roadmap below will revolve around this vision, including three main phases:
Transition Phase: Introduce $OFF (Q4–2024)
- This transition phase will focus on outstanding issues from before, including the release of the OFF token on Canxium, maintenance and upgrades of the Canxium swap platform, the wallet, and the development of a new Canxium website.
- Increase the minimum mining difficulty from 500 GH to 5 TH when the total number of mined transactions reaches 50 million. The purpose of raising the minimum mining difficulty is solely to reduce the number of mined transactions and alleviate network congestion; it does not impact miners in any way.
- Launch an offline mining competition: The competition aims to celebrate miners who can set up the most impressive fully offline CAU mining environment, rewards include both CAU and OFF.
- Complete the integration of the Canxium network into the Tangem wallet.
Phase One: Ecosystem Development (Q1 2025 — Q4 2025)
- dApp Development Toolkit: Release a toolkit and documentation to help developers easily build dApps on Canxium.
- Marketplace for dApps: Introduce a centralized marketplace for discovering and using dApps built on Canxium.
Implement user ratings and reviews for quality assurance. - Crowdfunding Platform: Build a crowdfunding platform on Canxium where startups can raise funds through token sales, connecting investors with innovative projects.
- Hackathon: Launch hackathons to encourage innovative dApp development.
- More Wallet: Collaborate with other wallets to officially support the Canxium network.
Phase Two: User Engagement and Adoption (Q1 2026 — Q4 2027)
- Cross-Chain Functionality: Expand the existing bridge to connect with other blockchain networks beyond Ethereum, facilitating the transfer of assets between blockchains easily, securely, and quickly.
- Incentive Program: Implement reward programs for users participating in the network and using dApps. Referral bonuses, and community challenges to drive engagement and participation.
- Staking Program: Users will be able to stake any amounts of CAU and receive CAU rewards from validators as well as from dApps built on Canxium. This is a mechanism where users can earn rewards in various tokens or assets, not just the native token.
- Educational Initiatives: Roll out webinars, tutorials, and documentation aimed at onboarding new users and developers.
- Launch CNS: Canxium name service.
- Launch COF: Canxium Official Forum. (low priority)
- Launch CRS: Research and integrate AI to build a user wallet address ranking system based on transaction history, CAU holding history, interaction history, etc. The reliability and ranking of each wallet address is crucial for assessing future airdrop and other programs.
Phase Three: Full Decentralization and Future Growth (2028 and Beyond)
- Transition to Community Governance:
> Fully decentralize decision-making, empowering the community to lead initiatives.
> Establish a transparent process for proposal submissions and voting. - Ongoing: Continuous Innovation:
> Implement regular updates based on community feedback and emerging trends.
> Research feasible solutions to expand the network.
> Research and integrate new mining algorithms into offline mining.
> Research and upgrade transaction processing capabilities to achieve 1k-1.2k TPS (Max Theoretical TPS).
> Study the feasibility of continuing to decrease the mining reward annually to keep pace with USD inflation.
> Research the establishment of a hedge fund aimed at acquiring CAU when the price falls below the average mining cost and vice versa.
In summary, Canxium is still a young blockchain with a limited team and resources, facing increasing competition. Therefore, its next focus is to maximize resources for ecosystem development and user expansion. This is a key factor in ensuring Canxium’s survival and growth, ultimately aiming to create a sustainable blockchain and a reliable digital currency.
You have also seen what we have achieved during this time. The offline mining mechanism operates very stably and securely. The supply’s flexibility according to the market has helped slow down the market downturn when emissions are paused. Miners temporarily halt their operations when the price drops below the fixed mining cost, contributing to greater stability and reliability compared to a typical PoW coin.
Therefore, we truly believe that the path we have chosen, which is completely different from the rest of the world, is the right direction. Reliability, stability, fairness, and true decentralization will be the core values that bring prosperity to this young blockchain industry.
