Bitcoin Forum
July 01, 2024, 04:10:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Altcoin Discussion / Re: On November 5th a TRULY FREE blockchain was released on: November 22, 2022, 11:07:20 PM
I dont know about you but I don't think this network addresses the blockchain trilemma. How cheap and scalable is it? It didn't say anything about how much the transactions run on the platform

It goes DEEPER than the blockchain trilemma.

It provides pure decentralized value, in the purest and most powerful sense possible.

By default it is fee-less. By incentive it is free.

Instead of distributing a koin as a monetary currency, Koinos distributes a "share" of the total networking power.

"Networking power" means throughput, storage and computation. This is done through something intuitively called "mana". Mana works the way you would typically think of it working in a video game. It is a resource unit that once spent recharges over time. Like a rechargeable battery.

Once a battery recharges, you are losing the utility of the battery charger. Therefore to obtain maximum value from your investment, you are incentivized to participate in the network by either spending your mana, delegating your mana for someone else to spend, or burning your KOIN to participate in consensus and obtain a return.

If you don't know what to spend your mana on, you should participate in consensus for the return. Either way, KOIN greatly incentivizes the holder to actually DO something with their investment and participate in the economy, one way or another. By simply sitting on your koin, like 99% of other blockchains encourage, you are obtaining the worst return on your investment.
This "return" is WITHIN the Koinos network. The speculative value of the Koin coin, is still intact as a monetary asset, just as any other currency.

Koinos has more potential for scalability than any other blockchain, because its main ability isn't simply one clever algorithm, but rather the ability to UPGRADE to ANY algorithm.

So when talking about Koinos, it's not a question of "did they make a better widget", but rather, it's a question of, a microservice architecture that lets you UPGRADE any widget on the fly.

Who is the "best" fighter in a video game? Any ONE fighter? Or the fighter who can morph into ANY fighter? It think the answer is obvious. 
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!