Citadel

Citadel (CTL) is a peer-to-peer, decentralized cryptographic network where users transact by sending each other economic values. Citadel's primary goal is to build a digital ecosystem that is open and adaptable that encourages innovation. Citadel also aims to provide economic opportunities to businesses and consumers worldwide. Citadel intends to cut service costs while reducing transaction risks and cutting entrance barriers.

As per its whitepaper, The Citadel project segments has two parts :

The Citadel Network is:

Private: Transactions performed across the Citadel network are anonymous and untraceable.

Decentralized: Citadel utilizes the Proof-of-Work (PoW) network consensus to ensure the integrity of its shared ledger and reduce specific participants taking control of the network.

Threat Resistant: Prevents attackers from being able to compromise the network's operational continuity.

Fungible: Citadel coins (CTL), the network's native cryptographic currency, represent funds saved on the Citadel network. Tracing a coin's transaction history is complicated as the network is private. CTL coins are indistinguishable, thus prohibiting these coins from being singled out or blocklisted. CTL is the equivalent of convenient digital currency because of its indistinguishability.

Scarce: Citadel Network relies on a deflationary economic model to support its coin's long-term value. Deflationary cryptocurrencies are fashioned to reduce supply over time.

Some important components of the Citadel platform are:

History of Citadel (CTL)

The project development team published the platform's whitepaper on September 16, 2018. The maximum supply of CTL coins is 18.5M CTL.