Callisto Network is a blockchain platform that operates as an open-source, decentralized cryptocurrency. It was created as a result of a hard fork from the Ethereum blockchain with the goal of addressing some of the limitations and security vulnerabilities inherent in Ethereum.
One of the main features of Callisto Network is the Cold Staking capability. It allows token holders to earn passive income by locking their coins in a wallet and supporting network operations in a secure and decentralized manner. This staking mechanism does not require users to keep their wallets open or connected to the internet, enhancing security and reducing the risk of potential hacking attacks.
Another notable feature is the built-in Smart Contract Auditing system. Callisto Network aims to improve the security of smart contracts and protect against vulnerabilities. It offers a platform for developers to submit their smart contracts for auditing and review, providing enhanced security measures for decentralized applications (DApps) and ensuring a safer environment for users.
Callisto Network's native cryptocurrency is called CLO, and it is used within the network for various purposes, such as transaction fees, staking, and voting on proposals or protocol changes. The platform also supports the creation of new tokens and development of DApps, expanding its utility and use cases beyond the core cryptocurrency.
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