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HASH | Provenance Blockchain Crypto Research
Private Research
Provenance Blockchain is a public, open source, decentralized proof of stake blockchain. Figure launched Provenance Blockchain in 2018 and launched a completely rebuilt Provenance Blockchain as a public chain in 2021. Provenance Blockchain is built using the Cosmos SDK and Tendermint consensus module and is a sovereign level one chain with a native utility token, HASH. Provenance Blockchain has over 65 validators today, with a mix of traditional financial services firms and crypto firms. Billions of dollars of financial transactions have been executed on Provenance Blockchain, with significant growth the past year across lending, payments and marketplaces. Provenance was built specifically for financial services with data control, near instant settlement finality and high throughput given proof of stake consensus.
