Shentu

What is Shentu Chain (CTK)?

CTK is a native token Shentu chain, which is a security-focused blockchain. This primarily concerns the reliable execution of various DeFi applications. View the Shentu price chart above to see the current price of CTK.

Shentu Network second version of the CertiK blockchainwhich released the Shentu-2 update in 2021. In addition to changing the name of the blockchain, the update introduces features such as Security Oracle, ShentuShield, Shentu Virtual Machine (SVM) and DeepSEA.

But before moving on to understanding these features, it is worth noting the rather interesting history of the new name of the blockchain. Shentu is one of two Mansions. (door guards) in Chinese folklore. Door guardians help good spirits pass through, protecting people from negative omens and harmful spirits. Thus, since Shentu is a custodian, it is an ideal name for a security-focused blockchain.

Features of the Shentu network

As mentioned earlier, the CertiK update to Shentu Chain brought new features including Security Oracle, ShentuShield, Shentu Virtual Machine (SVM) and DeepSEA.

Security Oracle provides projects with security information. This is a network of operators who evaluate reliability smart contracts using the latest security tools. Oracle Security can be integrated into any protocol and essentially helps avoid any malicious activity in smart contracts. Operators are rewarded for their work with CTK tokens.

Talking about ShentuShield, it’s a membership system. This allows you to recover any protocol asset that has been lost or stolen. There are two types of participants in the ShentuShield system:

• Collateral Providers. They have to stake CTK tokens in the ShentuShield pool to ensure pledge. Collateral providers are rewarded in the form of CTK tokens and commissions paid by Shield buyers.
• Buyers of shields. They are the ones who buy protection for their assets by reserving funds in the ShentuShield pool. Shield buyers must pay fees using CTK tokens.

Moving on Shentu Virtual Machine (SVM) supports a smart contract sandbox and allows smart contracts to interact with each other differently depending on their risk tolerance. SVM is built on the x86–64 OS process model. In addition, it is fully compatible with Ethereum Virtual Machine (EVM).

Finally, Deep sea it is a programming language. It works with Shentu Virtual Machine, Ethereum Virtual Machine, AntChain and Ethereum WebAssembly. Each mathematical proof of DeepSEA code is automatically generated to demonstrate how the written code matches the intended specification.

Purpose of CTK coins

CTK is a utility token of the Shentu crypto project. If you want to see how the price of CTK changes over time, be sure to take a look at the Shentu price chart. Below are the main uses of Shentu coins:

• Payment method. CTK tokens are used to pay for gas on the Shentu Chain network. They are also used by Shield buyers to purchase protection for their tokens on ShentuShield.
• Control token. CTK tokens provide users with the opportunity to participate in the management process of the Shentu crypto project.
• Reward token. CTK tokens are used to reward ShentuShield security providers and Security Oracle operators.
• Bid. Collateral providers must stake CTK tokens to provide collateral.

Tokenomics CTK

Shentu tokens inflationary since there is no maximum set of supplies. This means that if circulating supply exceeds demand, the price of CTK may decrease. Therefore, if you are planning to buy Shentu tokens, you should keep in mind that the price of CTK is subject to change. But why is this so? Well, most crypto assets are notoriously volatile. This is simply the case because the volatility of the crypto market as a whole tends to affect the value of digital assets, including the price of Shentu.