CLV Chain is a set of specialized chains that is cross-chain interoperable, and currently consists of:
CLV Mainnet (M-Chain) - a Governance & Exchange Chain, and
CLV Parachain (P-Chain) - a Smart Contract Chain that is EVM compatible
Both blockchains are validated and secured by the Substrate framework.
CLV Chain Key Features
Compatible with Ethereum, supporting seamless migration of existing dApps to CLV P-Chain
CLV EVM economic incentive mechanism
CLV universal cross-chain modules
Smart contracts governance - malicious smart contracts can be blocked through on-chain governance
Upgradeable smart contract support - CLV EVM has built-in support for seamless upgrade of smart contracts
CLV Chain supports direct transactions between substrate accounts and EVM accounts
CLV Mainnet (M-Chain)
CLV Mainnet (M-Chain) is used for governance and exchange purpose. $CLV token is issued on CLV Mainnet, and users can freely cross-chain transfer to Ethereum, BSC and CLV Parachain.
Staking and governance features are enabled only on CLV mainnet, there is no EVM support.
CLV Parachain (P-Chain)
CLV Parachain (P-Chain) is EVM compatible smart contract chain that is currently connected to Polkadot Mainnet as one of the Parachains. Developers can easily migrate their existing Solidity smart contracts to CLV Parachain without any modification.
CLV EVM is enabled only on CLV Parachain (P-Chain).
CLV EVM vs. Ethereum
The main differences between CLV EVM and Ethereum are:
CLV Parachain uses NPoS consensus, and Ethereum use PoW (for now).
CLV Parachain utilises an unique dual-blockchain structure, it both supports EVM transactions as well as Polkadot like transactions.
CLV Parachain has lower gas fee than Ethereum.
CLV Parachain has higher throughput, around 1000 transactions a second