### What is Concordium (CCD)? Concordium (CCD) is a next-generation blockchain platform designed to deliver robust security, privacy, and compliance. It incorporates advanced identity management features and aims to provide users with a reliable ecosystem for conducting secure transactions. For more detailed information on Concordium, including market trends and performance statistics, refer to Eulerpool.
Concordium, launched in 2018, is a public-permissionless Layer 1 blockchain that integrates encrypted identification into every on-chain transaction, enabling identification at the protocol level. This design aims to balance privacy with accountability through its ID layer. From its inception, the team behind Concordium, which includes leaders from Volvo, IKEA, Credit Suisse, and more, emphasized making blockchain technology easily accessible for current and future businesses, with a focus on regulatory compliance. Although providing real-world identity may deter some crypto enthusiasts, the company asserts that it ensures complete user privacy through the use of zero-knowledge proofs. To date, Concordium has raised 52 million EUR and has partnered with Geely, a global automaker and co-owner of Volvo Cars, Volvo AB, and Daimler. Behind the scenes, Concordium features a native cryptocurrency known as CCD. CCD is utilized for paying transaction fees, staking, rewarding node operators, and serving as a collateral/settlement medium within Concordium’s DeFi landscape.














