Koinos is a free-to-use, decentralized blockchain based on a Proof-of-Burn (PoB) consensus algorithm, designed to provide greater efficiency and access to Web3 developers.
Round | Amount | Valuation | Date | Investors |
---|---|---|---|---|
Seed | $1M | -- | Jan 20, 2023 |
Koinos is a decentralized, free-to-use blockchain platform designed to support a wide range of applications. Built by veterans from the Steem blockchain, Koinos leverages a microservice architecture and universal programming language support, allowing developers to create smart contracts and decentralized applications (dApps) in any language, such as C++ and TypeScript. The platform employs a proof-of-burn (PoB) consensus mechanism, which enhances network security without the need for costly mining equipment.
Koinos introduces innovative features such as the "Mana" mechanism, which dynamically prices network resources based on opportunity cost rather than tokens, enabling truly free-to-use dApps through Mana delegation. This approach ensures that users can access the network without transaction fees, promoting greater accessibility and adoption.
The Koinos blockchain is community-driven and was launched without any initial coin offerings (ICO), pre-mine, or venture capital funding. This commitment to decentralization and open governance allows the community to shape the platform's evolution, making Koinos a robust and inclusive ecosystem for blockchain innovation.