Topic: [ANN][CANN] Canvas: Redefining Decentralized Digital Finance (Read 31 times)
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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
Wallet https://github.com/Canvas-Core/Canvas/releases/download/1.0.4/Canva-v1.0.4-win64.zip
Blockchain Explorer: https://explorer.mycanvasworld.com/
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.
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
Wallet https://github.com/Canvas-Core/Canvas/releases/download/1.0.4/Canva-v1.0.4-win64.zip
Blockchain Explorer: https://explorer.mycanvasworld.com/
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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