Shentu
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Information about Shentu (CTK)
The Shentu Network was launched in October 2020, founded and developed by a team of professors, PhDs from Yale, Columbia, and other universities, as well as senior researchers from Facebook, Google, and Microsoft Research.
Shentu is a decentralized smart contract platform that uses a variant of the PoS consensus mechanism, Delegated Proof-of-Stake (DPoS), and an SDK from Cosmos. Shentu was created to establish links between chains, promote secure data exchange between networks, and ensure applications can operate efficiently and quickly. Best.
Shentu token (CTK) is a utility token of the Shentu platform, operating on the Binance Smart Chain platform according to BEP20 standards and used for the following purposes:
- Pay for transactions and fees for smart contract execution on the network.
- Stake CTK to operate nodes to secure the network.
- Vote, participate in the network governance process, and vote on proposed changes to the network.
- Pay for moderation services on Security Oracle.
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