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What is the project about?
With Paladeum Network, everyone will receive equal access to financial services. We plan to do this through our unique PLB Currency.
What makes your project unique?
We implement stable and distributed ledger transparency through the Minerva consensus algorithm of the 3rd generation TrueChain public blockchain and build private data storage with Hyper-ledger Fabric and Hyperledger Sawtooth. With the fundamentals of Access, transparency, persistence, portability, compatibility, consensus, minimization, protection, and equality, Paladeum Blockchain Bank will realize and apply self-sovereign identity for a decentralized identity system through Hyperledger Indy.
History of your project.
The existing banking system and the global financial infrastructure are facing severe challenges in meeting the growing needs of users. It is a question that has been raised over and over that the current banking system can only be used by a minority. Accordingly, cryptocurrency and blockchain technology, which are convenient for users and easy and convenient for many users, are rapidly emerging as a global financial infrastructure.
What’s next for your project?
Swap, stacking platform, bridge with other networks, new listings
What can your token be used for?
Payment, wealth preservation, trading
What is Paladeum?
Paladeum (PLB) stands out as an experimental digital currency designed to facilitate instant payments globally. It leverages peer-to-peer technology, ensuring that transactions and currency issuance are managed collectively by the network, eliminating the need for a central authority. This decentralized approach underscores its commitment to financial inclusivity and transparency.
A distinctive feature of Paladeum is its ability to allow users to create tokens on its network. These tokens can serve various purposes, including NFTs, Security Token Offerings (STOs), gift cards, and fractional ownership of valuable assets. This versatility positions Paladeum as a multifaceted platform within the blockchain ecosystem.
Paladeum is backed by palladium, adding a layer of intrinsic value and stability to the cryptocurrency. This backing differentiates it from many other digital currencies and appeals to those seeking wealth preservation. The project employs the Minerva consensus algorithm of the 3rd generation TrueChain public blockchain, combined with private data storage solutions like Hyperledger Fabric and Hyperledger Sawtooth. This blend of technologies ensures a stable, transparent, and secure ledger system.
The Paladeum Network aims to democratize access to financial services, addressing the limitations of traditional banking systems. By implementing a decentralized identity system through Hyperledger Indy, it promotes self-sovereign identity, enhancing user control and privacy. Future developments include a swap and staking platform, network bridges, and new listings, further expanding its ecosystem.
What is the technology behind Paladeum?
Paladeum (PLB) is an experimental digital currency leveraging peer-to-peer technology to function without a central authority. This decentralized nature is a cornerstone of its design, ensuring that no single entity has control over the network. The blockchain on which Paladeum operates allows for the creation of tokens, enabling a wide range of applications and use cases within its ecosystem.
The Paladeum network employs the Minerva consensus algorithm, a third-generation protocol from the TrueChain public blockchain. This algorithm enhances the network's stability and transparency, making it resilient against various types of attacks. By distributing the ledger across multiple nodes, the network ensures that any attempt to alter transaction data would require overwhelming computational power, making such attacks impractical.
In addition to the Minerva consensus algorithm, Paladeum integrates private data storage solutions using Hyperledger Fabric and Hyperledger Sawtooth. These technologies provide robust frameworks for building secure and scalable blockchain applications. Hyperledger Fabric offers modular architecture, allowing for the customization of privacy and permission levels, while Hyperledger Sawtooth focuses on simplifying the development and deployment of blockchain networks.
Paladeum also emphasizes self-sovereign identity through Hyperledger Indy, a decentralized identity system that gives users control over their personal information. This approach aligns with the project's core principles of access, transparency, persistence, portability, compatibility, consensus, minimization, protection, and equality. By implementing these principles, Paladeum aims to create a more inclusive financial system where everyone has equal access to financial services.
The technology behind Paladeum extends beyond just the blockchain. It incorporates elements from various fields, such as cryptography, distributed systems, and secure data storage. For example, palladium, a metal used in catalytic converters for automobiles, fuel cells, jewelry, dental fillings, and electronic components, symbolizes the project's commitment to leveraging advanced materials and technologies to enhance its infrastructure.
Paladeum's roadmap includes several future developments, such as a swap and staking platform, bridges with other networks, and new listings. These initiatives aim to expand the utility and reach of the PLB token, which can be used for payments, wealth preservation, and trading. By continuously evolving and integrating new technologies, Paladeum strives to remain at the forefront of the blockchain and cryptocurrency space.
What are the real-world applications of Paladeum?
Paladeum (PLB) is a cryptocurrency designed to provide equal access to financial services through its unique PLB currency. One of its primary applications is enabling instant payments, which allows users to transfer money quickly and efficiently without the need for a central authority. This peer-to-peer technology ensures that transactions are secure and transparent.
In addition to payments, Paladeum is used for creating tokens for various purposes, including Non-Fungible Tokens (NFTs), Security Token Offerings (STOs), gift cards, and fractional ownership. These tokens can represent ownership of digital or physical assets, making it easier to trade and manage these assets in a decentralized manner.
Paladeum also facilitates trading and purchases in the digital economy. By using PLB, individuals and businesses can engage in transactions without relying on traditional banking systems, which can be slow and expensive. This is particularly beneficial in industries such as electronics, jewelry, medicine, and chemicals, where quick and secure transactions are essential.
Moreover, Paladeum is starting to be used in advanced technological applications like fuel cells and catalytic reactions. These applications highlight the versatility of PLB in supporting innovative solutions across various sectors.
The Paladeum Network aims to implement stable and distributed ledger transparency through the Minerva consensus algorithm of the 3rd generation TrueChain public blockchain. It also builds private data storage with Hyperledger Fabric and Hyperledger Sawtooth, ensuring that data is secure and accessible.
Paladeum Blockchain Bank is working towards realizing and applying self-sovereign identity for a decentralized identity system through Hyperledger Indy. This system will provide users with control over their personal information, enhancing privacy and security.
In summary, Paladeum's real-world applications span instant payments, token creation, digital economy transactions, and advanced technological uses, all supported by a robust and transparent blockchain infrastructure.
What key events have there been for Paladeum?
Paladeum (PLB) has emerged as a notable player in the cryptocurrency landscape, driven by its mission to provide equal access to financial services through innovative blockchain technology. The journey of Paladeum is marked by several key events that have shaped its development and impact.
The creation of the Paladeum blockchain stands as a foundational milestone. This blockchain leverages the Minerva consensus algorithm of the 3rd generation TrueChain public blockchain, ensuring stable and distributed ledger transparency. The integration of Hyperledger Fabric and Hyperledger Sawtooth further enhances private data storage capabilities, setting the stage for a robust and secure financial ecosystem.
In a significant move, Paladeum launched its API, enabling developers to build applications and tools that interact seamlessly with the Paladeum blockchain. This development has facilitated the creation of various tools and resources, expanding the utility and reach of the platform.
Paladeum's commitment to decentralization and privacy is evident in its exploration of a censorship-resistant USD-pegged cryptocurrency. This initiative aims to provide a stable digital asset that can be used for trading palladium and other precious metals, reflecting Paladeum's broader vision of integrating digital assets with traditional commodities.
The development of the Paladeum Blockchain Bank represents another critical event. This initiative aims to implement self-sovereign identity through Hyperledger Indy, promoting a decentralized identity system that aligns with Paladeum's principles of access, transparency, and equality. The bank's focus on providing financial services to a broader audience addresses the limitations of the existing banking system, which often excludes a significant portion of the global population.
Paladeum's roadmap includes plans for a swap and staking platform, bridging with other networks, and securing new listings. These future developments are poised to enhance the functionality and interoperability of the Paladeum ecosystem, offering users more options for payment, wealth preservation, and trading.
The introduction of PalladiumCoin, a cryptocurrency designed for trading palladium and other precious metals, underscores Paladeum's innovative approach to combining digital assets with traditional commodities. This initiative highlights the potential for blockchain technology to revolutionize the trading of precious metals, providing a secure and transparent platform for transactions.
Paladeum's journey is characterized by its continuous efforts to address the challenges of the global financial infrastructure. By leveraging advanced blockchain technology and promoting decentralization, Paladeum aims to create a more inclusive and equitable financial system.
Who are the founders of Paladeum?
Paladeum (PLB) aims to revolutionize financial services by providing equal access through its unique PLB currency. The project leverages the Minerva consensus algorithm and Hyperledger technologies to ensure transparency and security. Paolo Catalfamo and Akash Gaurav are the minds behind Paladeum. Catalfamo, with a background in finance and technology, has been instrumental in shaping the project's vision. Gaurav, known for his expertise in blockchain technology, has played a crucial role in the technical development of Paladeum. Their combined efforts focus on creating a decentralized identity system and addressing the limitations of the current banking infrastructure.
The live Paladeum price today is $1.11 USD with a 24-hour trading volume of $637,041 USD. We update our PLB to USD price in real-time. Paladeum is up 1.99% in the last 24 hours. The current CoinMarketCap ranking is #3072, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 PLB coins.