FAQ

These are our frequently asked questions.

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If you have a question that’s not answered here, please contact the team.

What is Assets Trading?

Assets trading on the CDCC Platform refers to trade in cryptographic or digital assets. These can be cryptocurrencies, tokens, and so on. The first digital assets which may be traded on the CDCC platform are BTC, ETH, VNT and our native digital asset CDCC. More assets will be added to create a lively trading environment for digital asset enthusiasts.

What is CDCC?

The native currency and a medium of value exchange on the CDCC Platform, CDCC is a blockchain digital asset based on Ethereum and will run on the Ethereum blockchain with ERC 20 standard. CDCC is structured in a way that supports blockchain technology application projects. The CDCC Platform will initially support trading pairs of BTC, ETH, VNT and CDCC, with support for other digital assets being added throughout the CDCC platform development process.

What is DLT / Blockchain?

Distributed Ledger Technology (DLT), a forerunner of which is blockchain technology, is a digital system for recording transactions of assets. Unlike traditional databases, distributed ledgers / ledgers on a blockchain have decentralized data storage and administrative functionality. Transactions and their details are recorded in multiple places within a network of computers, at the same time.

What is a smart contract?

A smart contract, also known as a crypto contract, is a computer program that directly controls the transfer of digital assets or currencies between parties under certain conditions. The rules and penalties related to an agreement are defined within the smart contract in the same way they are in a traditional agreement, only with a smart contract these obligations are also automatically enforced.

Smart contracts were first proposed in 1994 by Nick Szabo, an American computer scientist who invented a virtual currency called “Bit Gold” in 1998 (10 years before Bitcoin was invented).

How does CDCC function?

The CDCC Platform will run on the Ethereum blockchain with ERC 20 standard. CDCC adopts advanced multi-layer and multi-cluster system architecture. The design of multi-layer architecture greatly improves performance, security, stability and expansibility of the system. Functions and version updates are deployed without shutdowns

Note: ERC 20 is upgradable to ERC 223 – in development by the Ethereum team (more nodes are operated by individuals than by companies – the network is more decentralized than Bitcoin). It has plasma and sharding scalability.

What is the Mission and Purpose of CDCC?

CDCC is creating a safe and superior digital assets’ trading platform for trade in blockchain technology assets because we believe these assets are fast becoming the mainstream economy of the world.

What is Ethereum?

Ethereum is a decentralized platform for applications which is open-source, public, and blockchain based. The platform features smart contract functionality allowing applications to run exactly as programmed without any chance of fraud, censorship or third-party interference. ETH (or Ether) is Ethereum’s native currency which can be obtained through trading in fiat currency or other digital assets and cryptocurrencies.

What is Bitcoin?

Bitcoin (BTC) is a digital and global asset or cryptocurrency, traded and exchanged in a digital system that is separate from traditional money systems. It can be sent or received in a trustless, anonymous environment, peer to peer. The mathematical field of cryptography is the foundation for Bitcoin’s security. BTC can be obtained through trading in fiat currency or other digital assets and cryptocurrencies.

What is VNT?

VNT is a cryptocurrency token created by Inventory Club. VNT can be used on the InventoryClub marketplace to purchase proposals from merchants and on the Commwea marketplace to purchase product. It can be traded freely with other digital assets and cryptocurrencies on the CDCC platform.

SAFE DIGITAL ASSETS TRADE

ON A GLOBAL SCALE

Ensuring fair and open exchange for digital assets enthusiasts

CDCC Platform

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