What Is The Condor Network
The Condor Network is a public distributed permissioned blockchain, it’s fast and have immediate transaction finality, out of the box compatible with all the Ethereum tooling and Smart Contracts in Solidity, also environmental friendly and power efficient with green carbon footprint (don’t rely on PoW or computation power).
Goals
The initial objective of the network will be to provide "on-chain" services at national level, open an ecosystem of public development to be able to start integrating contracts in a more friendly way through a common language for people, using all the benefits of the blockchain such as the immutability of information to provide trust, traceability and transparency to any process or business idea that you want to build on the network.
Based on 3 Principles
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Permissioned: Only valid actors which has been previously verified by the network partners can be part of the consortium and validate blocks.
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Public: Any person or citizen can create an account and interact with the services of the network using Metamask or any other compatible wallet.
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Speed: Being a permissioned network means it is not necessary to compete for which node of the consortium executes the transaction first to receive the rewards generated by the network, this way we can adjust fixed rates of rewards and very low commissions per transaction.
Immediate Finality
Every time a new transaction is generated within the network, it is immediately included into a block, hence its name as "immediate finality". This prevents a possible bifurcation (forks), guaranteeing that all the transactions generated by the network will be entered into the blockchain immediately, there will never be two different valid blocks trying to validate the same transaction.
Strengths
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First network of its kind in Chile.
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Compatible with all Ethereum tools and ecosystem.
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In compliance with local regulations and laws.
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Energy efficient (don’t use PoW).
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Small network gas fees which are burnt from total supply.
The Genesis Mint
Tokenomics and allocation for the genesis mint distribution is still work in progress, but we are actively looking for DAOs which want to join and support the correct unfold of the network in the upcoming phases, feel free to reach out if you are interested in participate with us.
Network Stakers
The staking mechanism is still under development and it will be at Contract level and not at node consortium level, this is basically because consortium is permissioned and we want the staking mechanism to be open for everyone who want to participate.
Governance
The governance mechanism is still under development and it will be at Contract level and not at node consortium level, this is basically because consortium is permissioned and we want the governance mechanism to be open for everyone who want to participate.
The GTD Open Tournament
We have officially submitted our appliance to the GTD Open Tournament to participate with our public blockchain approach, If we qualify to semifinals, all the infrastructure to support our public testnet and further mainnet will be provided by the tournament partners, described as follows:
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GTD Teleductos: GTD is like the AWS for local infrastructure in Chile, they provide ISP connection, high availability, and all the machine power will relay on them, also all low level security for nodes consortium, firewalls, and such will be in charge of GTD.
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La Bolsa de Comercio de Santiago: The Santiago Stock Exchange, founded on November 27, 1893, is Chile's dominant stock exchange, and the third largest stock exchange in Latin America, providing a wide range of possible clients and institutional customers to onboard on the network.
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El Depósito Central de Valores (DCV): The DCV is the custodian of Chilean securities and a key player in the financial market, they will be in charge of keeping the network in compliance with all the local regulations and laws, and eventually serve as the custodian for the Copihue Stablecoin.
What’s Next
Socials
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Twitter: https://twitter.com/condorSystems
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Github: https://github.com/condorSystems
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Discord: https://discord.gg/7vvUZgYaqc
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Telegram: https://t.me/condorSystems