What is Consentium?
Empowered by the community, Consentium is a revolutionary platform that bridges the gap between social communication and cryptocurrency.
Launched in 2018, Consentium reached many milestones and secured multiple partnerships with major players within the cryptocurrency industry.
Consentium integrated cryptocurrency wallet allows users to send and receive CSM, BTC, USDT and ETH. Within the same app, users can chat with friends and explore different groups of like-minded individuals. By integrating a cryptocurrency wallet into chat app, users can now perform crypto transaction without the hassle of leaving the app.
Chat apps are becoming the new ecosystems for a world of instant services, combining all the services from different apps into one platform. It is undeniable that the world loves to chat, and social chatting apps have made instant chatting easily accessible. However, cryptocurrency communities rely heavily on chat apps for daily communication but most of the chat platforms available do not satisfy the needs of cryptocurrency activities. Consentium steps in to disrupt the chat app economy by merging both chat app and cryptocurrency features into one.
Today, there are 100,000 Consentium community members and 10 business partnerships in Consentium ecosystem.
In 2020, the updated CSM token is built on Consentium new proprietary blockchain technology, CSM Chain. Previously built on the Ethereum network, the Consentium technical team reviewed the feasibility and scalability of the network, and decided that creating a new governance for the Consentium ecosystem would better meet long term goals. The new CSM Chain is able to process up to millions of transactions per second (TPS), compared to Ethereum’s 15 TPS, an important upgrade due to the high volume of transactions in the chat app and payment features of the app. Consentium Chain introduced a new consensus mechanism and staking system to verify transactions. This will enable Consentium community to enjoy a more efficient system, as well as free, fast and environmentally friendly transactions.
Two years since Consentium initial app launch, the new Consentium App V2.0 will introduce an improved user interface as well as new features. One of the new features includes a “Market” page, enabling users to find important project information and analyse the price charts of the top 10 cryptocurrencies, including CSM. Consentium's new proprietary “Red Packet” function allows users to easily send tokens to in-app users, without having to go through the tedious process to copy and paste the recipient’s address. This makes the transaction process more streamlined and secured, as users will not have to worry about making mistakes in the address before sending tokens. With the latest developments and updates, Consentium's goal is to create an integrated wallet and chat application for the cryptocurrency community and make transactions a seamless experience for all.
Consentium Whitepaper
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