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Author Topic: [ANN] Koii Network Layer 1 Blockchain - Welcome to the New Internet  (Read 432 times)
Koii_DePIN (OP)
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July 21, 2024, 09:31:59 AM
Last edit: July 21, 2024, 10:51:19 AM by Koii_DePIN
 #1

Koii – Knowledgable Open Infinite Internet

Ancient civilizations had information networks, too. The ancient internet wasn't fast, but language, art, and culture have always allowed our species to share knowledge and learn from one another. Occasionally, someone exaggerated a bit, and an iguana became a dragon in myth, but mostly it worked okay.
As technologies have advanced, from printing presses to radio antennae to modern 5G and mobile devices, the power of the network has grown exponentially. At the same time, democracy has emerged as the de-facto form of governance, elevating mass communication networks and those who control them and creating a massive power imbalance for the rest of us.
Koii is designed to return that power back to the people. We are the network, after all. We just need to pool enough computers, and we can quickly replace social media, publishing, news, and even artificial intelligence with community-owned-and-operated alternatives.
Beyond edge computing being better for the environment, it's also a whole lot less expensive to use existing consumer hardware than to build new data centers.
Your personal computer could be paying your rent, and it could help us build a more fair and open web.

Tasks

Building truly decentralized systems requires a complicated mix of incentive, engineering, and cryptography.
Gradual Consensus in Koii Tasks standardize this structure to provide a single community cloud toolkit for all purposes.

Fundamentals

Whether you're building a database, news feed, federated learning network, or a storage and caching service, you'll need the same three components.
    1. Incentives
    2. Fraud Prevention
    3. Synchronization
Koii tasks are off-chain computations that are verified and submitted on-chain, then audited by other nodes. This unique structure of accountability allows task nodes to perform a range of easily customizable services, providing a flexible and efficient foundation for a wide range of applications.


Koii provides a microservices economy to app developers, where nodes trustlessly complete off-chain executables, and return the results on-chain. Witness nodes track this process, verifying the work, and auditing any malicious parties.

For developers:

https://docs.koii.network/develop/onboarding/welcome-to-koii

Getting to Know the Basics

Before diving into your tasks, let's familiarize you with some essential technologies that are foundational to our work at Koii:

Web3: The Next Internet Evolution


Web3 is about building a decentralized, blockchain-based internet, emphasizing user control over data, identity, and transactions. It represents a shift from the centralized Web2, enabling a trustless, permissionless online environment through cryptocurrencies, smart contracts, and decentralized applications (dApps).

Blockchain: Our Foundation

Blockchain technology provides a secure, transparent, and immutable digital ledger across a distributed network. This technology underpins cryptocurrencies like Bitcoin and Ethereum and extends to applications such as supply chain management and digital identity verification.

Cryptocurrency: Digital Assets Redefined

Cryptocurrencies are secure digital currencies operating on decentralized blockchain networks. Beyond traditional financial systems, they facilitate direct, secure transactions and have given rise to a new era of financial technology.
Differences Between Cryptocurrencies and Traditional Currencies
We've outlined key distinctions, such as decentralization, digital vs. physical forms, privacy, transaction speeds and costs, supply control, legal tender status, and the underlying technology and security.

Supply and Demand in Cryptocurrencies


Understanding the dynamics of supply and demand is crucial in the cryptocurrency market, affecting prices and market volatility. Factors like fixed supply, mining rates, token burns, adoption, speculation, media influence, and regulatory changes play significant roles.

Smart Contracts: Automating Agreements

Smart contracts automate and enforce agreements on the blockchain, offering transparency, security, and efficiency without intermediaries. They're pivotal in transactions, asset transfers, and executing complex contracts.

Core Technologies at Koii

Finnie: Your Essential Crypto Wallet and Browser Extension

Finnie stands at the heart of our network, enabling you to manage and transact with KOII, AR, and ETH tokens, among others. It's distinguished by its support for cross-chain wallets, attention tracking, and decentralized IDs (DIDs), enhancing your interaction with blockchain technologies.
    • What Can You Do with Finnie? From wallet imports, NFT management, to earning attention rewards, Finnie offers a comprehensive suite of features for digital asset management and interaction with the blockchain.

K2: The Settlement Layer

K2 is crucial for transaction speeds, serving as a message hub within our network and leveraging technologies like Solana's Proof of History. It's essential for managing KOII tokens and integrates native programs for off-chain computing and content-centric applications.

Koii SDK: Develop with Ease

The Koii SDK is a comprehensive toolkit for developers, enabling access to the functionalities of our K2 network. It's built to facilitate easy integration and interaction with our platform's unique features.

Koii Node: Powering the Network
A Koii Node allows you to contribute computing power to our ecosystem, akin to renting out your computer's spare capacity. It's a simple yet powerful way to participate in our network and earn rewards for your contributions.

Enhancing the Koii Ecosystem: The Work Audit Reward Pipeline

At the heart of Koii's operations lies a unique and robust system designed to ensure the integrity and efficiency of every task within our network. Here's how it unfolds:

1. Engaging in Tasks: The Initial Step

Every Koii task is an opportunity for users to contribute and earn rewards. To begin, a task comes with a stake price, a commitment fee that a user deposits to start working on the task. This deposit is crucial—it ensures that users are motivated to complete tasks earnestly, safeguarding our ecosystem against any attempts to undermine the system.

2. The Audit Mechanism: Ensuring Quality and Integrity

Once a user completes a task, the process enters an audit phase. Here, another user, while working on their task, reviews the first user's work. But it doesn't stop there—for the first user to receive their reward, a third user audits the second user's review. This layered audit process, automated through smart contract technology, ensures accuracy and fairness, culminating in the reward of Koii tokens to the deserving participant's wallet.

Supply and Demand Dynamics in Koii: A Closer Look

Understanding the flow of supply and demand is pivotal for grasping how Koii operates, especially in terms of processing power.

Supply: Empowering Users

    1. Discovery: Users first encounter Koii through various channels like social media, games, or our website.
    2. Onboarding: Interested users download the Koii Node application and verify their identity.
    3. Initial Tokens: Users receive initial Koii tokens either as a reward for verifying their identity or through a donation.
    4. Task Participation: With tokens in hand, users can stake Koii tokens to run tasks.
    5. Rewards: Upon successful completion and audit of tasks, users are rewarded with Koii tokens, enhancing their engagement and contribution to the ecosystem.

Demand: Enabling Developers

    1. Exploration: Developers discover Koii and its unique offerings.
    2. Cost-Effectiveness: Recognizing Koii's efficiency and lower costs compared to traditional cloud services, developers are drawn to deploy their workloads on our platform.
    3. Task Creation: Motivated by the advantages, developers create tasks, contributing to the demand for Koii's processing power.

This symbiotic relationship between supply and demand not only fuels the Koii ecosystem but also fosters a community where everyone, from users to developers, benefits. Whether through contributing processing power or creating tasks, participants in the Koii network play a crucial role in its growth and success.

Embark on Your First Project



You can use our EZSandbox to create your own task and start here:

https://github.com/koii-network/ezsandbox

We believe the best way to learn is by doing. That's why we invite you to tackle a small, introductory task. This guided tutorial will walk you through the basics, giving you a solid foundation in the Koii ecosystem and its functionalities.
Dive in and explore the possibilities that Koii offers. This is your opportunity to put theory into practice and begin shaping the future of decentralized content and computing power distribution. Welcome to the team, and enjoy your journey with Koii!

Embrace Your Journey

As a new member of Koii, you're stepping into a world of innovation and opportunity. We're excited to see your contributions and support your growth in our ecosystem. Welcome to the team—let's make a lasting impact together!

Website: https://www.koii.network
Docs: https://docs.koii.network/
Dashboard: https://dashboard.koii.network
Explorer: https://explorer.koii.live/


We are currently running a testnet, all rewards you get from the testnet will be converted in a 1:1 ratio to mainnet. Mainnet, exchange listing and TGE are all aimed to be in this quarter (July, August, September), the exact date is TBA.

Start your journey today by downloading our node here: https://www.koii.network/nodes, then use our faucet: https://faucet.koii.network/ to get you some Koii, select your task and start earning your passive income!

Let's get Koiing  Wink

EDIT: the audit link: https://github.com/HalbornSecurity/PublicReports/blob/master/L1%20Audits/Koii_Network_K2_L1_Security_Assessment_Report_Halborn_Final.pdf



unnamed0simple
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July 21, 2024, 10:23:20 AM
 #2

https://www.coinscan.com/tokens/eth/0x972322f6274838798f0fae8de9e33823c1ad528e
What do you think?
Koii_DePIN (OP)
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July 21, 2024, 10:37:47 AM
Last edit: July 21, 2024, 10:53:38 AM by Koii_DePIN
 #3


It's on ETH and we have our own blockchain, what do you think?

Added the Halborn audit at the end of the page.
unnamed0simple
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July 21, 2024, 10:55:10 AM
 #4


It's on ETH and we have our own blockchain, what do you think?

Added the Halborn audit at the end of the page.

Same name. I'm sorry, I misunderstood.
Koii_DePIN (OP)
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July 21, 2024, 11:03:18 AM
 #5


It's on ETH and we have our own blockchain, what do you think?

Added the Halborn audit at the end of the page.

Same name. I'm sorry, I misunderstood.

No problem at all, if you have any questions please do let us know.
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July 21, 2024, 06:58:10 PM
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It's on ETH and we have our own blockchain, what do you think?

Added the Halborn audit at the end of the page.

Same name. I'm sorry, I misunderstood.

No problem at all, if you have any questions please do let us know.

What will happen to the rewards from the node after the testnet? Will they be converted? Can we keep using the node after the testnet? From what I could see I downloaded the node, completed the email, twitter verification in the faucet and started the Free task and earned some Koii and just leave it running now?

Project seems interesting, will keep following to see how it goes...

Btw update the main post with the Discord, can make life easier: https://discord.com/invite/koii-network.
Koii_DePIN (OP)
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July 22, 2024, 01:47:29 PM
 #7


It's on ETH and we have our own blockchain, what do you think?

Added the Halborn audit at the end of the page.

Same name. I'm sorry, I misunderstood.

No problem at all, if you have any questions please do let us know.

What will happen to the rewards from the node after the testnet? Will they be converted? Can we keep using the node after the testnet? From what I could see I downloaded the node, completed the email, twitter verification in the faucet and started the Free task and earned some Koii and just leave it running now?

Project seems interesting, will keep following to see how it goes...

Btw update the main post with the Discord, can make life easier: https://discord.com/invite/koii-network.

Hello, rewards will be converted into the mainnet in a 1:1 ratio, after the testnet you can keep using your node and earn rewards. As for the node it's just that simple, download and start earning KOII.
pdneves
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July 22, 2024, 08:55:57 PM
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What will happen to the rewards from the node after the testnet? Will they be converted? Can we keep using the node after the testnet? From what I could see I downloaded the node, completed the email, twitter verification in the faucet and started the Free task and earned some Koii and just leave it running now?

Project seems interesting, will keep following to see how it goes...

Btw update the main post with the Discord, can make life easier: https://discord.com/invite/koii-network.

Hello, rewards will be converted into the mainnet in a 1:1 ratio, after the testnet you can keep using your node and earn rewards. As for the node it's just that simple, download and start earning KOII.

OK, looks good to me. I have joined Discord and had a look at the docs, best of luck to the project just hope I'm not late!

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July 23, 2024, 12:51:34 PM
 #9

So your project is as old as 12/09/2020 based on discord ann.
You have been running 4 years of tests? What's even the point to joining as of now when I can you got different airdrops and so on already done years back.
Koii_DePIN (OP)
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July 24, 2024, 10:38:31 AM
 #10

So your project is as old as 12/09/2020 based on discord ann.
You have been running 4 years of tests? What's even the point to joining as of now when I can you got different airdrops and so on already done years back.

Hello, over the last 4 years, we have been tirelessly building a platform that is poised to extend Web3 to the physical infrastructure. The launch of our airdrop is planned; therefore, you have not missed the opportunity to benefit from it.

In the meantime, feel free to join nearly 90K nodes on the Koii Network that have become part of the crypto economy.

Thank you, hope to see you running a Koii node  Smiley
pdneves
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August 05, 2024, 08:07:33 AM
 #11

From what I can see you will have a launchpad to help devs develop their own project and raise funds? Was browsing the website and saw this https://www.koii.network/ocean.

This project looks solid, the node is not heavy the team is doxxed (which is a plus) and already made like 2k Koii so let's see where it goes. I'm in Grin
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