❔FAQ
What problems does Circular address?
Blockchain for Healthcare
Circular Protocol is designed to support specifically healthcare applications that require compliance with specific regulations (GDRP, HIPAA, etc.). In addition we support also DeFi and GameFi applications with specific features. How: Architectural features allow Circular to easily meet some of the requirements for most common regulatory landscape in healthcare.
Transaction throughput requirements resulting in hardware centralisation
The need for higher transaction speed is leading some of the best technologies to higher minimum requirements for the hardware and connectivity, losing decentralization (hardware centralization). How: Circular's architecture provides a high transaction rate without sacrificing decentralization or requiring high-performance hardware. Additionally, our architecture ensures that nodes remain profitable regardless of their performance.
Smart contract execution speed
The need for higher speeds affects also the execution of smart contracts, which are still not fast and scalable enough (which leads to hardware centralization again). How: Our Hyper Code architecture addresses the need for faster and more scalable smart contracts without compromising performance, security, or decentralization. We aim to introduce a new paradigm in decentralized software development that offers scalability, security, and decentralization.
Data Persistence liabilities for projects
Many projects don't adopt blockchains because, although they would be a valid offering toward their clients, to support their technology, they don't like the fact that once a project is closed, the data persists beyond the end of the project itself, and so does the liability connected to that data. How: Circular offers project-specific blockchains that can be dismissed once a project is completed, eliminating the need to keep data alive and reducing potential risks. This feature provides a solution for projects that require blockchain technology but don't want to assume liability for their data beyond the lifespan of the project.
Coin/Token interdependency
Micro-economic systems (for example metaverses and MMOs) adopt soft currencies built on existing platforms and tokens. Due to the price fluctuation of the native cryptocurrency, the game currency value is also affected and dependent on the transaction processing fees.
How: Circular's private blockchains for micro-economic systems remove dependencies on external factors, allowing for better control and improved stability in transactions. Transactions in micro-economic systems are not dependent on any native token, reducing the impact of price fluctuations on game currency values.
Is the Circular blockchain already built?
Yes, our blockchain has already been built and is working. We miss some minor components and the development is an ongoing process. Our development roadmap shows when the main missing components will be deployed.
What are the main value propositions of Circular Protocol
Circular blockchain's true value lies in its cutting-edge and efficient architecture, crafted to deliver exceptional throughput, scalability, and security. At its core is a unique consensus mechanism, enhanced by innovative technologies like Hyper Code and the Performance Balancer. These features enable Circular to provide a sturdy and sustainable environment for both developers and users. Our node adoption program further ensures a decentralized and transparent network, solidifying our position in the web 3.0 landscape. Circular blockchain is poised to be a frontrunner in web 3.0 infrastructure, offering a dependable and high-performance platform for a wide range of decentralized applications and services.
The CIRX Token
Why a Coin?
Circular's infrastructure runs on a native coin called "Circular" (Ticker:CIRX), which is used to power the different services and pay fees and rewards.
When will the coins be released?
The coins will be issued once the regulatory compliance will be reached (work in progress).
Will I be able to trade CIRX
Depending upon the success of the fund raise we are aiming to list the coin on some of the most popular trading platforms by the end of Q1 2024. This will be subject to terms and conditions of the different platforms and the time required to comply with the regulations.
What do I need to buy CIRX?
To stay updated, simply follow us on our social media platforms. When the coin is issued, we will announce it there, along with detailed instructions on how to purchase it.
Where can I stay updated on the project?
Circular's Team will be able to answer to more questions on the different channels: Follow Circular on Discord
For more complex inquiries email us at: info@circularlabs.io
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