Canvas (CANN) - Empowering a Decentralized Future
Introduction Canvas (CANN) is more than just a cryptocurrency; it’s a visionary step towards decentralized digital finance. Built on the SHA-256 Proof of Work (PoW) algorithm, Canvas provides a secure, transparent, and efficient blockchain ecosystem.
Canvas aims to empower both individuals and businesses by delivering a sustainable and reliable financial solution. Through cutting-edge blockchain technology, Canvas ensures scalability, security, and long-term value for its users.
Vision Canvas strives to be a leader in the cryptocurrency industry by focusing on transparency, reliability, and user-centric innovation. We aim to create an ecosystem where users can confidently engage in secure transactions while contributing to the growth of a decentralized economy.
Core Values: - Transparency: Clear communication and openness with all stakeholders.
- Security: Robust protection through the SHA-256 algorithm.
- Innovation: Commitment to evolving with the needs of the blockchain community.
- Community Focus: Building an informed and engaged user base through inclusive governance.
Technology Overview Algorithm: SHA-256 Proof of Work
Blockchain Specifications:- Coin Name: Canvas (CANN)
- Coin Supply: 42,000,000 CANN
- Block Reward: 100 CANN
- Block Halving: Every 210,000 blocks
- Coinbase Maturity: 15 (+1 confirmation) blocks
- Target Spacing: 5 minutes
- Target Timespan: 10 minutes
- Transaction Confirmations: 6 blocks
Network Details:- RPC Port: 21223
- P2P Port: 21224
Coinomics Distribution Plan:- Mining Rewards: 70% (29,400,000 CANN)
- Development Fund: 10% (4,200,000 CANN)
- Marketing and Community Initiatives: 10% (4,200,000 CANN)
- Reserve Fund: 10% (4,200,000 CANN)
Annual Calculations: - 105,120 blocks per year × 100 CANN = 10,512,000 CANN distributed annually (before halving).
- Progressive reduction in new coin generation through halving events.
Roadmap 2025- Q1: Foundation and Launch
- Finalize and launch the Canvas blockchain.
- Release desktop and mobile wallets for iOS and Android.
- Conduct initial marketing campaigns targeting early adopters.
- Q2: Building Awareness
- Expand partnerships with blockchain platforms and financial services.
- Launch a staking program to incentivize participation.
- Host community-driven events, including webinars and airdrops.
- Q3: Ecosystem Development
- Introduce smart contract capabilities for DeFi integration.
- Begin integration with e-commerce platforms for token use cases.
- Publish detailed quarterly progress reports.
- Q4: Scaling Infrastructure
- Implement advanced wallet features like multi-signature and hardware support.
- Expand node infrastructure for greater scalability.
- Develop partnerships with businesses for real-world token applications.
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Conclusion Canvas (CANN) is here to set new benchmarks in blockchain technology. With its strong technical foundation, user-focused design, and commitment to transparency, Canvas is poised to redefine the cryptocurrency landscape. Join us on this journey to create a decentralized, secure, and innovative future.