Permissionless Blockchain

With hundreds of transactions per second, CVA Gold is a public blockchain with no permission to offer great speed. It delivers excellent efficiency. The aim is to tackle the scalability and speed issue with sharking as a scaling method for the second layer. The platform houses a number of decentralized apps and enables staking and yield agriculture as of October 2020. In June 2017 the development work on CVA Gold formally began and in March 2018, its test net was operational. Some more than a year later, the platform started a mainnet in June 2019. CVAG is a native utility coin used for processing network transactions and executing intelligent contracts.

Have Value:

It plays a crucial role in the maintenance and operation of the network and may be used to maintain, transmit, and staking CVAG’s coin. Users are allowed to vote on network improvement by owning and staking, with each vote proportionate to how much money they have. Like many others, the supply of tokens is restricted, which means there will be only 21 billion tokens in accordance with the software regulations.

User:

Based on its efforts to provide a scalable and secure platform for decentralized apps, users may find CVA Gold appealed. The platform might also be of interest for creators of products and services that can reach a substantial level of activity. Investors might try to purchase TOKEN and add it to their portfolio if they think that the market will one day be in favor of additional blockchains.

Network:

A practical Byzantine Fault tolerance or PBT consensus mechanism ensures that a record is correct, at least two-thirds of all nodes, in order to be included in the blockchain. A set of nodes are used to validate a part of all transactions, and after each shard is agreed, the second group of nodes confirm collective results for the shards and add a new block to the blockchain. The network uses elliptical curve cryptography to secure its protocol of consensus and permits multi-signatures. CVA Gold also uses a proof of work technique to assign node IDs and produce shards, in addition to the pBFT consensus protocol to protect their transaction records. For its smart contracts, CVA Gold has created Scilla, a new language. In the short term, Scilla is a safe language for the purpose of automatically identifying and removing security vulnerabilities at the language level and making it easier, through mathematical evidence, to formally verify smart contract security.