Convex Foundation

Convex Foundation

Technology, Information and Internet

Pioneering Lattice Technology for the Next Generation Internet. All the advantages of blockchain without the compromises

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About us

The Convex Foundation builds and maintains Convex, a lattice technology platform for the Internet of Value. We provide fast, scalable and open technology. Build your digital assets, DeFi, NFTs and powerful dApps enabled by realtime, decentralised, programmable economic systems at Internet scale. Lattice technology is a new category of decentralised programmable economic systems that embody the Next Generation Internet. Convex (CONVergent EXecution) is a decentralised platform that rapidly achieves consensus with a novel algorithm. It merges Beliefs shared by peers using a function that is idempotent, commutative and associative. The system provably converges to a stable consensus by forming a conflict-free replicated data type (CRDT). Convergence is guaranteed, even in the presence of malicious or faulty peers, by a Byzantine Fault Tolerance algorithm. The combined economic staking scheme is called "Convergent Proof of Stake" (CPoS). We envision a system that enables value exchange while solving the problems of traditional approaches - a network of economic agents that serves the needs of the digital economy. We designed Convex from the ground up to provide the following properties: Global - a single, global network where everyone can transact with everyone else. Open - a decentralised, technology independent system where anyone can participate without asking for permission. Automated - able to support atomic, end-to-end transactions reliably executed trusted smart contracts. Secure - protecting against all types of security threats to users digital assets and transactions. Extensible - capable of supporting unlimited innovation in the types of assets and applications created. Fast - quick enough to confirm economic transaction in seconds, meeting the demands of consumer applications. Cheap - inexpensive to utilise, nobody is excluded by high costs. Join our Discord: Bit.ly/CVXDiscord

Website
https://convex.world
Industry
Technology, Information and Internet
Company size
2-10 employees
Headquarters
London
Type
Nonprofit
Founded
2020
Specialties
Financial Services, Blockchain, Protocol Layer 1, Open Technology, Decentralised Applications, Smart Contracts, Protocol Layer 2, Digital Assets, Personal Tokens, NFT, DEFI, IoT, Smart City, Green Protocol, Sustainable Protocol, Full-Stack Technology, Education, Financial Inclusion, SDG goals, and Deep-Tech

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Funding

Convex Foundation 2 total rounds

Last Round

Series A
See more info on crunchbase