CENNZETH
Centrality / Ethereum
crypto

Centrality is a venture studio to create a marketplace of decentralized applications The Centrality Platform is built on an Ethereum based consortium chain to reduce latency and congestion and avoid network fees when creating transactions. This base layer provides the basic infrastructure to build applications on top. It manages basic functions like how nodes talk to each other, how consensus is maintained and how information is stored on the network. On top of the network layer are the core services like Sylo, SingleSource, CentraPay, and CENNZX allowing developers to build applications with ease. These services work differently than traditional on chain dapps because they will have access to special permissions and APIs. The native CENNZ token is used for staking on the network to maintain security and allows users to receive CENTRAPAY tokens which can be used for gas in the network. CENNZ are also required to perform a number of tasks such as reserving name space if developers want a domain inside of the network, creating a token or upvoting dApps to be a 'core dApp"