{"id":506369,"date":"2022-11-03T21:45:00","date_gmt":"2022-11-03T18:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/koinos-to-launch-its-free-to-use-blockchain-mainnet\/"},"modified":"2022-11-03T21:45:00","modified_gmt":"2022-11-03T18:45:00","slug":"koinos-to-launch-its-free-to-use-blockchain-mainnet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/koinos-to-launch-its-free-to-use-blockchain-mainnet\/","title":{"rendered":"# Koinos to launch its free-to-use blockchain mainnet"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a381ceed5108\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a381ceed5108\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/koinos-to-launch-its-free-to-use-blockchain-mainnet\/#%E2%80%9D_Koinos_to_launch_its_free-to-use_blockchain_mainnet_%E2%80%9C\" >&#8221; Koinos to launch its free-to-use blockchain mainnet  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Koinos_to_launch_its_free-to-use_blockchain_mainnet_%E2%80%9C\"><\/span>&#8221; Koinos to launch its free-to-use blockchain mainnet  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYmM5YmQ3OTgtZTM3ZS00ZDU0LTljODQtMzJhNGU5NTMyMTcyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>Layer-1 decentralized blockchain Koinos is set to launch its mainnet on Nov. 5. It will be a free-to-use platform based on a proof-of-burn (PoB) consensus algorithm, built to deliver more efficiency and access to developers in Web3.\u00a0<\/p>\n<p>Formed by a group of blockchain veterans behind the Steem blockchain and steemit.com, the platform was built without venture capital funds, initial coin offerings, pre-mine or any other early distribution of tokens to insiders, said the company. <\/p>\n<p>Ahead of the release, Andrew Levine, co-founder and CEO of Koinos Group, explained to Cointelegraph the three key characteristics of the platform, saying, \u201cIt\u2019s free-to-use, it can support any programming language (starting with C++ and Type<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">Script<\/a>), and it is highly upgradeable.\u201d He also noted: <\/p>\n<blockquote><p>\u201cAll of this means that developers can use the programming languages they already know and love to build free-to-use DApps without being bottlenecked by the poor upgradeability characteristic of most blockchains, exemplified by the issues with Ethereum and its never-ending \u2018Eth 2.0\u2019 delays.\u201d<\/p><\/blockquote>\n<p>The chosen consensus algorithm refers to Satoshi Nakamoto\u2019s original vision of peer-to-peer electronic cash, one where everyone could participate. With proof-of-burn, there is no advantage to having a large stake or tons of hardware to mine. This should mean more competition between small and large miners, noted Levine, adding:<\/p>\n<blockquote><p>\u201cWhile proof-of-burn keeps the core consensus mechanism of proof-of-work, it rewards users based on how much KOIN they have burned (literally destroyed) instead of rewarding them based on hashing power or how many tokens they hold. [&#8230;] Since it is not based on how many tokens you hold but rather on how many tokens you have sacrificed, there is no need for complicated slashing conditions that make proof-of-stake chains less efficient.\u201d<\/p><\/blockquote>\n<p>Koinos\u2019 co-founders said they decided to build a blockchain from scratch without external capital in order to keep the project attached to the core principles in the crypto space. For the ecosystem\u2019s foundation, the platform prioritized being as \u201cfree, open and decentralized as possible.\u201d After the mainnet is launched, however, the group said it plans to shift focus\u00a0to revenue-generating products for developers.<\/p>\n<blockquote><p>\u201cWe believe that these products will make Koinos Group equity very attractive and give investors an opportunity to share in the upside of an exponentially growing ecosystem while mitigating against many of the negatives that traditionally face investors in the space, like volatility.\u201d<\/p><\/blockquote>\n<p>Cointelegraph followed the development of the Koinos blockchain from inception to mainnet and beyond through its <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> \u201cInside the Blockchain Developer\u2019s Mind,\u201d\u00a0discussing some of the challenges the team has faced since identifying the key issues they intend to solve.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/koinos-to-launch-its-free-to-use-blockchain-mainnet\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Koinos to launch its free-to-use blockchain mainnet &#8220; Layer-1 decentralized blockchain Koinos is set to launch its mainnet on Nov. 5. It will be a free-to-use platform based on a proof-of-burn (PoB) consensus algorithm, built to deliver more efficiency and access to developers in Web3.\u00a0 Formed by a group of blockchain veterans behind the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":506370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYmM5YmQ3OTgtZTM3ZS00ZDU0LTljODQtMzJhNGU5NTMyMTcyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74983,122191,74355],"class_list":["post-506369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-decentralization","tag-proof-of-burn","tag-adoption"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/506369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=506369"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/506369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/506370"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=506369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=506369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=506369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}