How to setup your wallet and stake your Concordium (CCD)

Myrmidonstaking
2 min readJul 7, 2023

(Updated version on Mobile Wallet)

Intro:
Concordium is a privacy-focused, public and permissionless blockchain architecture. The Concordium Platform is designed to be fast, secure and cost-effective. Concordium’s innovative identity layer provides on-chain identity, compliance-centric transactions and enhanced privacy for users, while also allowing for the de-anonymization of network participants. Concordium’s two-layer consensus protocol consists of a Nakamoto-style consensus blockchain and a finality layer for fast confirmation of transactions. Concordium uses a sharding design that enables high transaction throughput and private shards for business use cases and sensitive data. Concordium also enables interoperability and communication between shards and between Concordium and other blockchains.

Some highlights of Concordium:

  • First blockchain with ID layer at protocol level
  • Time to finality → Average 11 seconds
  • Average transactions fee → 0.01$ stable/pegged to EUR

Step-By-Step guide to create wallet and stake your CCD:

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Congratulations!

You just created your own wallet and delegated your CCD to begin receiving staking rewards.

To learn more, please go to Myrmidon Staking

//Myrmidonstaking

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