In this issue of Coin Metrics’ State of the Network, we provide an overview of Canton’s architecture, examine the role of its native utility token Canton Coin, and explore how the protocol aligns incentives for key participants such as validators and application developers.
Key Takeaways
- Canton is structured as a “network of networks” that enables independent, permissioned subnets to interoperate securely while maintaining data privacy and control.
- The Global Synchronizer and Canton Coin form the coordination and incentive layer, aligning validators, infrastructure providers, and applications.
- The network is secured by 295 validators and 26 super validators, supporting transaction validation and powering applications like stablecoin issuance and asset tokenization.
- As new participants join the ecosystem, application rewards are becoming more evenly distributed, placing greater emphasis on sustained app usage.
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