Cryptocurrency Q&A
What is the CNS coin?
What is the CNS coin?
BlockchainBaron
Mon Oct 28 2024
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7 answers
1889
The CNS coin is a cryptocurrency that powers the Chain Key Technology behind the Internet Computer project. It enables several innovations including consensus mechanisms, NI-DKG, the Network Nervous System (NNS) for governance, and internet identity. The NNS, in particular, allows ICP holders to participate in the network's governance by staking their tokens and voting on proposals, thereby shaping the development and direction of the Internet Computer.
7 answers
Riccardo
Wed Oct 30 2024
CNS is a token that operates on the Binance Smart Chain.
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DigitalDynasty
Tue Oct 29 2024
Through CNS, users gain access to Centric Rise (CNR), which is another cryptocurrency within the network.
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GinsengBoost
Tue Oct 29 2024
It functions as the gateway for the Centric Network, facilitating both on- and off-ramp transactions.
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CryptoVisionary
Tue Oct 29 2024
CNS provides liquidity to the Centric Network, ensuring smooth transactions.
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mia_rose_painter
Tue Oct 29 2024
The Centric Network is a unique payment network that utilizes two cryptocurrencies.
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