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Concordium is an open-source, permissionless and decentralized blockchain with a built-in user identity. Concordium supports regulatory compliance, allowing businesses to harness the power of blockchain technology.
The CCD is the native token of the Concordium blockchain platform. Fundamentally, the CCD serves to pay for the network fees. These fees are earned by the validator nodes (bakers and finalizers) to process transactions and secure the network. Bakers must stake CCD amounts to take part in the consensus.
Try our free Concordium (CCD) portfolio tracker if you want to efficiently keep track of your CCD and other coin/token investments.