Canton Network is an enterprise-grade layer-1 blockchain designed specifically for regulated financial institutions. It was launched by a consortium of major banks, exchanges, and technology firms, including Goldman Sachs and Microsoft. It aims to connect disparate financial systems. Its core strength is its unique balance between public network interoperability and the data privacy and compliance required for traditional finance (TradFi).
The network is structured as a "network of networks," where institutions operate private sub-ledgers that synchronise via a shared layer, allowing for atomic transactions without sharing sensitive data publicly. This privacy is achieved through the Daml smart contract language and a two-tier consensus mechanism that only distributes transaction information to the necessary parties. The Canton Coin (CC) is the utility token used to pay and reward participants.
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