In the world of cryptocurrencies, one significant hurdle is preventing the widespread adoption of cryptocurrencies as mainstream currency is high price fluctuations. High fluctuations in price make it impractical to use them as a daily medium of exchange.
Apart from instability, cryptocurrency has other major challenges to face in becoming a mainstream currency. These problems include centralized mining and fixed block rewards that can lead to deflation. Additionally, traditional mining relies heavily on a stable internet connection, which disables approximately 40% world’s population who lack internet access. These problems hinder the utility of cryptocurrencies in real-world transactions.
With all these problems in mind, this is where Canxium emerges as an innovative blockchain solution, addressing these issues with a fresh approach.
Canxium is the next generation of PoW that ensures stability in market price through its demand-driven supply mechanism. By dynamically adjusting the coin supply based on market demand, Canxium minimizes price volatility, making it more reliable for everyday transactions.
Not stopping there, Canxium introduces a groundbreaking concept of offline mining. Canxium offline mining facilitates the areas with less or no internet access to mine CAU. This feature opens opportunities for those previously excluded from the mining ecosystem. Canxium’s aim is to foster inclusivity and decentralization. Let’s dive deeper into Canxium and explore its features, tokenomics, and future roadmap.
No Maximum Supply: Canxium has no maximum supply. There is no limit set for the max supply of CAU. It adopts a demand-driven approach, where the coin supply is determined by market demand. Canxium has only a circulating supply which is available on Canxium Explorer.
Block Reward: Canxium block reward before Hydro Fork is 0.25 CAU which will change to a variable block reward. The block reward after Hydro Fork will be determined by difficulty (hash) as 500 Wei/hash.
Block Reward Distribution: Currently 75% of the block reward is credited to the miners and 25% goes to the foundation fund for the development of Canxium in the early stage. After Hydro Fork, 98% of the block reward will be credited to the miner and 2% to foundation funds for maintenance.
Canxium has no pre-mine, no pre-sale and no developer fund. There is only a Foundation Fund for the development of the project, and it is transparent to the community.
Transaction Mining Reward (Offline Mining): The transaction mining reward after Hydro Fork will be determined by difficulty (hash) as 500 Wei/hash if the mining algorithm is Ethash.
Transaction Mining Reward Distribution: We are collecting data and will soon publish the ratio between transaction miners, block miners and foundation funds.
Decentralized Supply Control Mechanism
Canxium implements a decentralized supply control mechanism. This mechanism allows Canxium to dynamically adjusts its supply based on market demand. It maintains an optimal number of CAU in supply, resulting in more stable and reliable market prices. This mechanism allows more coins to produce according to increasing demand and vice versa. This innovative mechanism introduces a dynamic and responsive economic system. You can learn more in this article The Unique Economics of Canxium: Decentralized Supply Control Mechanism
Variable Block Reward
Unlike traditional cryptocurrencies with fixed block rewards, Canxium introduces a new concept of variable block rewards. Fixed block rewards lead to many problems such as deflation and decreased availability. On the other hand, inflationary models can generate more coins than needed resulting in a huge decrement in value. Canxium adopts a new way of generating coins according to demand which is possible by variable block reward. The block reward changes with mining difficulty. After Hydro Fork, the block reward will be 500 Wei per difficulty hash. This will make the block reward variable with respect to mining difficulty. An increase in difficulty means an increase in block reward and vice versa. This also prevents centralized mining and ensures fair rewards to miners.
Recognizing that a significant portion of the global population lacks internet access, Canxium introduces a revolutionary concept — offline mining. Offline mining enables miners to mine CAU by just using their equipment without relying on an internet connection. Now anyone from anywhere can mine and participate in the network without having an internet connection. With offline mining, miners don’t need to rely on centralized mining pools and internet connections. This approach fosters inclusivity and decentralization. Learn more details in this article Offline Mining on the Horizon: Pioneering the Future of Crypto Mining.
Canxium ensures the creation of only quality contracts on its blockchain. This is possible due to high contract creation fees. Contract creators have to pay at least 100 CAU per contract creation. The fee is necessary to prevent the creation of spam contracts. Canxium welcomes innovative ideas and will support them by paying contract creation fees.
Stable Mining Cost
Mining costs of Canxium are stable because of the variability of block rewards. In other blockchains when more miners join the network, mining becomes difficult because of fixed block rewards. When demand will be high more miners will join the network and more CAU will be mined and vice versa. No matter how many miners are on the network, the mining cost will remain stable.
Canxium’s demand-driven ecosystem unlocks numerous possibilities for real-world applications. Its stable price and adaptable supply make it an ideal choice for digital payments, remittances, e-commerce transactions and other real-life transactions. Moreover, Canxium’s smart contract enables the creation of decentralized applications (dApps) in various sectors, including finance, gaming, and more. More use cases of Canxium are discussed in the article Unleashing the Power of Stability: Exploring Canxium’s Practical Use Cases.
Canxium team is working hard on the development and marketing. This is a roadmap of Canxiums advancements in future.
Written by Talha Tariq