Stronghold Token (SHx) is a digital currency designed to enable fast, secure, and accessible financial services within the Stronghold ecosystem. It facilitates real-time settlements, provides fee discounts, supports merchant rewards programmes, and enables merchant financing through decentralised finance (DeFi). SHx aims to promote financial inclusivity while offering climate-friendly transactions.
SHx is built on the Stellar network, a highly efficient and low-energy blockchain. It utilises the Stellar Consensus Protocol (SCP), which operates on a Proof-of-Agreement (PoA) consensus mechanism. This ensures fast, low-cost, and environmentally sustainable transactions. While SHx itself does not specifically mention smart contracts, it benefits from the broader capabilities of the Stellar network.
SHx has several key applications across different industries:
Stronghold was founded as a payments infrastructure company focused on providing secure and efficient financial services. The company was co-founded by Sean Bennett, who serves as the CTO.
Stronghold continues to evolve by enhancing SHx’s utility and environmental sustainability.