Cedra NetworkPrice

($CED)

Cedra Network is the pioneering community-owned, Layer-1 blockchain utilizing the Move language. It empowers users to establish and manage their own sovereign networks, operating as a public good. The network promotes open collaboration among core contributors, a non-profit foundation, and a global community of builders, fostering a decentralized and inclusive ecosystem.

Cedra Network leverages Aptos's foundational technology, including its Move Virtual Machine (VM). This enables secure, flexible smart contracts, resource-oriented programming, and parallel execution for high performance. Cedra enhances this with custom features such as native sub-chains, an integrated indexer, and a random generator machine. Its architecture blends the linear-type Move VM with Block-STM parallel execution and a pipelined HotStuff consensus variant called CedraBFT.

Cedra Network boasts significant advantages, including high transaction processing capabilities, with mentions of 10,000+ to 160,000+ transactions per second (TPS) and sub-second deterministic finality. It supports custom gas tokens, streamlined module upgrades, and personalized token and NFT standards. The network also provides native hooks for governance and modular extensions, underscoring its commitment to true decentralization and community-operated validators.

The Cedra Network features three primary node types: validator nodes, validator fullnodes (VFNs), and public fullnodes (PFNs). To participate in consensus, validator nodes require staking a minimum of 100,000 $CED tokens. VFNs, operated by validator entities, and PFNs, accessible to anyone, are vital for disseminating blockchain data and supporting ecosystem services such as indexing and API access.

Developers can build on Cedra Network using its Command Line Interface (CLI), TypeScript SDK, and the Move programming language. The platform offers comprehensive documentation and guides to assist with essential tasks. These include installing the CLI, acquiring test tokens from a faucet, drafting and deploying smart contracts, and efficiently interacting with the network's functionalities.

The Cedra Network token is identified as $CED. While its trading availability may vary, platforms like LBank facilitate the acquisition of $CED. The token's utility is integral to the ecosystem, notably involving staking for validator nodes to secure the network and participate in its governance. Users interested in acquiring $CED should refer to updated exchange listings.