Important Notice
Deposits and withdrawals are not currently available for this coin.
Polymesh is an institutional-grade permissioned blockchain specifically designed for regulated assets. It aims to streamline traditional processes by addressing challenges related to governance, identity, compliance, confidentiality, and settlement, opening the door to new financial instruments.
Polymesh is built on the Substrate framework as a public permissioned blockchain. It uses a Nominated Proof-of-Stake (NPoS) consensus mechanism, ensuring deterministic finality that is crucial for regulated markets. The blockchain emphasizes compliance and confidentiality through verified identities for network participation and uses innovative cryptographic techniques for data protection. It supports smart contracts written in Ink Smart Contract language, enabling complex asset management and compliance automation.
Polymesh offers several use cases, including:
Polymesh originated from Polymath, a company that initially worked on standardizing security tokens on Ethereum. Its development involved creating the ERC-1400 standard and eventually led to launching its own permissioned blockchain, Polymesh, in October 2021. The Polymesh Association, a not-for-profit entity, oversees its growth and evolution. Polymesh continues to enhance its presence in regulated markets through partnerships and technological advancements.