What is Camino Network

Source:https://camino.network/ecosystem/

Camino Network is the world’s first Layer 1 decentralized open-source blockchain built specifically for the $11 trillion tourism industry. It is operated by over 100 well-known travel companies and has received $10 million in funding support. Its goal is to address several key pain points in the industry, including high payment fees, slow settlement, and complex reconciliation.

Camino Network has started processing actual commercial transactions, with more than 200 brands building dApps and Web3 travel B2B and B2C products on the platform. The network integrates backend systems in multiple travel sectors, including travel reservations, loyalty programs, hotels, airlines, cruises, and car rentals, connecting millions of travel suppliers, including important brands such as the 35 billion euro Lufthansa Group.

By adopting a unified request-response model, Camino Network replaces thousands of APIs in the industry, providing a ‘one connection, access all’ approach that greatly improves the interoperability of the travel industry and offers users a more convenient and seamless travel experience.

Camino Network’s technology architecture

1. Consensus Protocol: PoSA (Proof-of-Stake & Authority)

Camino Network adopts a customized consensus mechanism - PoSA (Proof-of-Stake & Authority), which combines the advantages of Proof-of-Stake (PoS) and Proof-of-Authority (PoA). The protocol aims to provide fast, secure, and energy-efficient transaction confirmation while maintaining decentralization.

Main features of PoSA:

• Fast Confirmation: Camino Network ensures sub-second immutable finality, enabling quick transaction confirmation and avoiding delays.
• High Throughput: This protocol can support 4,500 transactions per second, with strong scalability to meet the high demand of the travel industry.
• Energy Efficient: Compared with other computationally intensive consensus mechanisms, PoSA consumes less energy and is well suited for large-scale applications.
• Security: The PoSA protocol can effectively resist common network attacks such as Sybil attacks and DDoS attacks, ensuring the health and stability of the network.

2. Alliance: Validators and Governance

Camino Network is operated by an alliance of entities in the tourism industry, ensuring that each member has a strong vested interest in the success and sustainability of the network. Alliance members provide validation nodes, responsible for transaction validation and security, and receive proportionate transaction fee rewards (30%) based on their contributions.

Camino Network’s governance principle emphasizes equal treatment of validators. All validators are required to stake 100,000 CAM tokens, regardless of their scale or influence, ensuring equal rights for each validator in decision-making.

3. Subnet Mechanism: Customization and Compliance

The subnet designed by Camino Network brings higher flexibility and scalability to the network. Each subnet is managed by a group of specific validators and optimized for specific needs of the network.

Application scenarios of subnets:

• Compliance Requirements: Some subnets may require validators to meet specific regulatory requirements, such as KYC/AML checks or holding specific licenses.
• Private Blockchain: Provides a private subnet for enterprises that require data privacy, ensuring that only authorized validators can access it.
• Hardware Requirements: Some applications may have special hardware requirements, and the subnet can ensure that only validators who meet the hardware standards participate.

Source:https://docs.camino.network/about/camino-network-overview

The Camino Network consists of three independent but highly interconnected chains: the Exchange Chain (X-Chain), the Platform Chain (P-Chain), and the Contract Chain (C-Chain). Each chain has its unique functions designed to meet different application needs.

• X-Chain: X-Chain is a decentralized platform for creating and trading digital smart assets such as securities, bonds, etc. It is an efficient and optimized chain designed specifically for processing simple and fast transactions. The CAM token is used on the X-Chain to pay for transaction fees.
• Platform Chain (P-Chain): P-Chain is the metadata chain of Camino Network, responsible for coordinating validators, managing subnets, and creating new subnets. P-Chain implements the Snowman consensus protocol and is the core chain that manages and coordinates the entire network.
• Contract Chain (C-Chain): C-Chain is a chain built on the Ethereum Virtual Machine (EVM) for creating and executing smart contracts. Most decentralized applications (dApps) will run on C-Chain and are compatible with existing Ethereum applications.

CAM Token Economics

CAM is the native token of Camino Network, with a total supply of 1 billion. As of the time of writing (January 24, 2025), its market value is $33 million. According to its official tokenomics, the token distribution is as follows:

Source:https://camino.network/token/

CAM plays a crucial role in the entire network, with its main functions including paying transaction fees, rewarding validators, and participating in network governance.

1. Transaction payment: CAM tokens can be used to pay for various transaction fees within the network, including cross-chain transactions and asset exchanges.
2. Validator Reward: Validators in the network need to ‘stake’ 100,000 CAM tokens to ensure network security and earn rewards by validating blocks.
3. Proposal Creation: In Camino Network, users can influence the future development of the network by submitting proposals. Submitting a proposal requires binding 2,000 CAM tokens.
4. Payment Method: In addition to stablecoins and central bank digital currencies (CBDC), CAM tokens can also be used as a means of payment for the purchase of goods or services.

To support more precise trading, the Camino Network introduces the nCAM and aCAM units, representing the value of smaller units, respectively. 1 CAM equals 1,000,000,000 nCAM, and also equals 1,000,000,000,000,000,000 aCAM (i.e. 10^18 aCAM). This design enables the Camino Network to handle various trading needs from microtransactions to large-scale transfers, ensuring high efficiency and precision.

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Camino Network’s 2025 Roadmap

By 2025, the development of Camino Network will focus on improving infrastructure, promoting Web3 payment solutions, upgrading business tools, and enhancing cross-chain communication.

Key development directions for 2025:

1. Core infrastructure improvement: Strengthening the automated testing framework to ensure system stability, improve transaction speed, and optimize transaction fee structure.
2. TravelFi payment solution: By integrating with EURe and EURSH stablecoins, it promotes a new B2B travel payment scenario, reduces transaction costs, and improves settlement efficiency.
3. Business Tools and Interface Upgrade: Enhance integration with external wallets (such as Metamask, Fireblocks) and simplify payment processing flow through Camino Suite 2.0 version.
4. Web3 tourism solution: launching the CLINKS system, implementing one-click booking function, reducing technical complexity, and helping tourism companies easily access blockchain technology.
5. Cross-chain communication and AI integration: achieve AI-driven personalized recommendations, and improve the simplicity of blockchain operations, ensuring a smooth user experience.

Conclusion

Camino Network is bringing a decentralized revolution to the global tourism industry, with its innovative technical architecture, powerful token economics, and flexible consensus mechanisms providing strong support for travel enterprises. With the maturity of Web3 technology, Camino Network will undoubtedly become an important component of the global tourism ecosystem, driving the comprehensive digital transformation of the travel industry. Through the CAM token, users can not only enjoy a more secure and transparent payment experience, but also participate in the decentralized governance of the tourism industry, jointly promoting the innovation and development of Web3 tourism applications.