What Is koinos?
koinos Coin is a PoW mineable ERC-20 that will determine the initial token supply of the Koinos mainnet; an entirely new blockchain built from the ground up to have the scalability, performance, and upgradeability needed to give everyone in the world ownership and control of their digital selves. They will be releasing a brand new cryptocurrency named KOIN onto the Ethereum network that you will be able to mine using just the CPU in a regular computer.
If you would like to skip directly to the mining application download, you can find that here. They have also released a whitepaper. This whitepaper is only for the framework. They will be releasing more technical documentation leading up to the release of mainnet, so be sure to follow us on social media and join the mailing list by going to koinos.io.
koinos Coin Storage Key Points
|Coin Name||koinos Coin|
|Circulating Supply||96,837,287.00 KOIN|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Koinos investment analysis
The koinos Coin latest KOIN cost is $0.132612. Based on this analysis, today the investment has a 1.4 out of 10 safety rank and +71.3% expected return with the price going to $0.227171. The dominant ranking factor for this coin is 24h Change.
To estimate the return that can be obtained from the investment in 2021 the computer has analyzed the daily rates of the coin for the past 6 months. The character of crypto assets is undulatory, which means that there is a strong possibility that KOIN can hit near to an all-time value once again in the future.
Ethereum PoW Mining
They genuinely believe that Koinos could usher in a new era of decentralized computing that will empower everyone through digital self ownership and they want as many people as possible to have a stake in that future. That’s why they launching the token on Ethereum, the blockchain with the most active users and why they put a lot of work into ensuring that the mining algorithm is both memory-hard and GPU resistant so anyone with a decent.
koinos it launches the Koinos mainnet will be a fast and fee-less blockchain that enables developers to create an unlimited number of free accounts for their users. Koinos won’t just lower the barriers to entry, it will obliterate them and open up blockchain applications to an order of magnitude more users.
At OpenOrchard we are developer obsessed which is why Koinos will enable developers to use the programming languages they already know and love thanks to WASM integration. Koinos will start with C++ support, followed soon after by typescript, and then whatever programming languages developers want most like .net and Go.
They have built a brand new, high performance, vertically scalable, blockchain framework which can acquire any feature through smart contract modules running in the virtual machine. Because these smart contracts can be upgraded in-band, any behavior can be added to the blockchain without requiring a hardfork. This unlocks a new capability they call “modular upgradeability” which resolves one of the biggest challenges facing existing blockchains.
koinos Coin Modular upgradeability enables us to rapidly add different features to the framework without impacting any other part of the blockchain. This is how they will be able to offer a testnet in just 3 months that delivers Ethereum feature parity, but with WASM smart contracts, fast block times, and fee-less transactions.
While the testnet will feature proof of work, the Koinos blockchain framework makes it easy for us to swap that consensus algorithm out for the totally new and different algorithm that they developing for mainnet.
After upgradeability, the next major challenge facing existing blockchains is scalability. Blockchains hold on to every transaction and smart contract that has ever been added to them, regardless of whether they get used or not. That means that the cost of lugging around all of this expensive data gets baked into the cost of every new transaction which itself adds even more information to the chain.
koinos Coin they have figured out how to do exactly that. They call it state-paging and Koinos will be the first blockchain ever to have it. Not only is this a genuine innovation that could be THE key to scaling blockchain to the masses, but existing blockchains like EOS and Ethereum cannot take advantage of this capability without totally rearchitecting their entire blockchain.
The mission is to empower people through ownership of their digital selves and blockchain is the most promising technology for accomplishing this mission. Blockchain-based applications can add value to people’s lives in an infinite variety of ways but building such applications is far too difficult, time consuming, and expensive.
In order to accomplish the mission they need to dramatically expand the quantity of blockchain powered applications in existence, and the number of people capable of using those applications, which is why they are building a brand new blockchain from the ground up to make it fast, easy, and affordable to build blockchain-based applications that are capable of delighting users.