What Is Koinos?

1. What Is Koinos?

Koinos is a next-generation, feeless, and highly upgradeable Layer-1 blockchain built to simplify and democratize access to decentralized applications (dApps). Unlike traditional blockchains that require users to pay fees to interact with the network, Koinos introduces a novel resource model that allows developers to subsidize usage for end-users. This makes dApps more accessible and user-friendly, especially for non-technical users. Built with modularity at its core, Koinos leverages Web3 technology to allow seamless smart contract development in multiple programming languages, including C++ and TypeScript, without the need for gas fees.

2. Why Koinos Was Created

Koinos was created to solve three major pain points in blockchain adoption: high fees, poor upgradeability, and steep onboarding curves for both users and developers. Traditional blockchains like Ethereum often suffer from scalability bottlenecks and expensive transaction fees, making them inaccessible for casual users or developers with limited budgets. Additionally, many chains require hard forks for upgrades, creating risks and friction within the community. Koinos addresses these issues by offering a fee-less experience, a modular design for continuous upgrades, and developer tools that remove the need to learn domain-specific languages like Solidity.

3. How Koinos Works

1. Feeless Transactions – Koinos replaces gas fees with a resource model based on "mana," a renewable resource that regenerates over time.
2. Smart Contracts in Familiar Languages – Developers can write smart contracts in C++, TypeScript, and other familiar languages.
3. Upgradeable Architecture – The blockchain uses a modular kernel that allows it to upgrade itself without requiring hard forks.
4. Proof-of-Burn Consensus – Miners burn tokens to gain block production rights, reducing energy waste and increasing decentralization.
5. Mana Delegation – dApp developers can delegate their mana to users, enabling frictionless onboarding and usage.
6. Virtual Machine Flexibility – The Koinos Virtual Machine (KVM) is language-agnostic and fully upgradeable.

4. Key Features of Koinos

• Feeless transactions using mana-based resource model
• Forkless upgrades via modular kernel design
• Support for smart contracts in C++, TypeScript, and more
• Unique proof-of-burn consensus mechanism
• Mana delegation for user-friendly dApp experiences
• Developer tools and SDKs for rapid application building

5. Who Can Use Koinos?

• Retail users seeking free and easy blockchain interactions
• Developers looking to build with familiar languages and no gas fees
• Entrepreneurs launching scalable, accessible Web3 applications
• Institutions deploying blockchain-based infrastructure
• Miners participating through proof-of-burn mechanism

6. What Is the $KOIN Token?

$KOIN is the native utility token of the Koinos blockchain. It plays a central role in the network's functionality and economic design:

• Resource Access (Mana) – Holding $KOIN grants access to mana, which powers feeless transactions and smart contract execution.
• Governance – Token holders can participate in governance decisions, voting on key protocol upgrades and changes.
• Proof-of-Burn – Miners burn $KOIN to gain the ability to produce blocks and earn block rewards.
• App Enablement – Developers use $KOIN to delegate mana and subsidize dApp usage for users.
• Deflationary Model – With tokens burned regularly, $KOIN has a deflationary supply mechanism.