What Is Kazu?

Kazu is a blockchain mined commodity that is interchangeable with other blockchain mined commodities
of the same type. This blockchain mining activity uses a system referred to as, Proof of
Work, to create distributed trust-less consensus. Kazu is not readily interchangeable between two
parties, mainly because of blockchain speed. Kazu’s superior blockchain is very fast and offers near
zero cost to transact, and quite frankly, others do not. This in itself is one of the use-cases for the
creation of Kazu, and over time other use-cases will be developed. Some of these use-cases are
listed in this document.

Built on a similar framework and ideal as Bitcoin itself. Created by a few friends that met in an online
chat and decided to build a coin with a brand like no other. Something that is not tainted by the
underground dark net, but open, transparent and ready for use in real life.
If you’ve heard of Bitcoin or Litecoin you will have a reasonable idea of what the whole crypto scene is
all about. This will also provide you with an understanding of the basic technology principles behind
Kazu, but it never hurts to have a quick refresher. Bitcoin & Litecoin are entirely digital commodities,
i.e; similar to the way you use your online banking. It’s not a physical currency, but true and stable
versions can hold and store real value. Crypto-commodities can be transferred instantly between users
all over the world with low or next to nothing fees compared to that of most traditional methods.
One key difference between your online bank account and crypto-commodities is that they are (for
the most part) entirely decentralized. Not one central authority controls a true crypto-commodity.
Kazu aims to provide a commodity thats controlled by its family, or community called, in jest, Kazuillionaires.
The public ‘ledger,’ or “blockchain,” where all transactions are recorded and confirmed for
validity is viewable by a large system of users all over the world. These users can add to a block but
cannot edit the block once a transaction has been made.

In the case of Kazu, those confirmations are created by a process known as “mining.” This involves
‘Miners’ performing complex mathematical calculations with powerful computing hardware to create
new Kazu’s. The ‘Miners’ are then giving Kazu for performing the service, minus a transaction fee.
As time goes on, those calculations get more and more complicated. This limits the influx of newly
created Kazu which, is necessary as there is also a maximum supply or hard limit of 21 million coins.
Something that matches Bitcoin. This means there will come a day where no new coins are created
which, in turn will cause a scarcity. This is one of many factors that has promoted the increasing value
of the top players in previous years.

Launched in AUGUST 2018, 9 years after Bitcoin, and 6 years behind Litecoin, Kazu is the brainchild
of a group of crypto-commodity intellects that are exhausted and exasperated by the frauds and
scams that consistently form out of the urgency of ‘newbies’ trying to get ‘in on the game’. Kazu is
designed not only to educate and inform but to provide stability and an entrance point for enthusiasts.
Based on the Bitcoin core client, Kazu is designed to emulate its prodigious family tree, with
true virtues of decentralization, agility, real life applications and transparency. This arguably make it
more than a crypto alternative.