switcheo logo download PNG or SVG

Information about switcheo

Carbon (SWTH) is a digital currency and governance token used within the Carbon ecosystem, a layer 2 trading system that supports cross-chain financial markets and infrastructure. It operates as a dedicated sidechain, employing a delegated Proof-of-Stake (dPOS) consensus mechanism embedded in Tendermint Core. Security is ensured through staking SWTH tokens, which are held by a decentralized network of validators. In exchange for their participation, validators receive rewards derived from network and trading fees. The protocol is highly adaptable, versatile, and secure, simplifying the integration and expansion of decentralized applications while overcoming limitations of traditional blockchains. Carbon is interconnected with various Layer 1 chains, including Ethereum, BSC, Neo, and Zilliqa, and serves as the foundation for the future of decentralized finance.

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