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Crypto Terms:  Letter C
Jun 19, 2023 |
updated Apr 02, 2024

What is ConsenSys?

ConsenSys Meaning:
ConsenSys - is a blockchain software technology company that provides a variety of business solutions and developer tools.
2 minutes

Let's find out ConsenSys meaning, definition in crypto, what is ConsenSys, and all other detailed facts.

ConsenSys was founded in October of 2014, in Brooklyn, New York, by Joseph Lubin. The organization created decentralized software applications that function on the Ethereum blockchain.

The primary idea of the firm is to provide an opportunity for developers, businesses, and individuals all around the world to construct succeeding applications, and introduce contemporary financial infrastructure. As well as get access to the decentralized web.

The solutions they provide are capital markets, DeFi for organizations, commerce, payments, money, asset management, global trade, and so forth. To specify, they have a wide range of products such as CodeFi, which is the blockchain application set for finance and commerce.

Diligence also manages security assessments for smart contracts and the Ethereum blockchain. Quorum is the only totally open blockchain framework for an enterprise. Infura is a fast and completely adaptable API for accessing the Ethereum and IPFS networks.

Truffle is a development environment as well as a testing framework for the Ethereum contracts.

MetaMask, on the other hand, is the most well-known and popular project. It is an Ethereum wallet system that allows users to hold and exchange cryptocurrency and tokens, as well as view and engage with decentralized apps developed on the Ethereum network.

A number of ConsenSys companies and projects have raised capital from the public in the form of Initial Coin Offerings (ICOs).