Cryptopedia - Canton

## What Is Canton (CC)? The Canton Network is a layer 1 smart contract blockchain with configurable privacy and controls solving for public network adoption of RWAs and TradFi institutions. The network uses a two-tier consensus mechanism allowing for unlimited horizontal scalability of the network while maintaining full smart contract interoperability across it. The Global Synchronizer acts as a network backbone for the ecosystem. Canton Coin (CC) is a utility token used to pay application and infrastructure fees on the Global Synchronizer, as well as to incentivize and reward network stakeholders. * All canton Coin are earned for utility brought to the network * Running the Global Synchronizer (Super Validator rewards) * Running full nodes to provide network access (Validator rewards) * Running apps and services (Application rewards) * Available rewards are determined by a set mining curve including halvings and splits between the three groups. * All fees are burned to enable efficient price discovery based on utility through Burn Mint Equilibrium (BME)