What chain does KAIA coin belong to?
KAIA coin is a public chain asset with distributed ledger, proof-of-stake consensus and smart contract functions. It was originally an ERC-20 token that runs on the Ethereum blockchain and can be used in scenarios such as DeFi, NFT, and games. In 2022, KAIA currency was transplanted to the OKX chain, thereby obtaining higher TPS and lower handling fees, and can be used in the OKX ecosystem, DeFi and NFT. In addition, the KAIA team is developing the independent public chain KAIA Mainnet, aiming to provide a high degree of customization and higher security. Currently, KAIA coins exist on Ethereum, OKX chain and the upcoming KAIA Mainnet. The characteristics and applicable scenarios of KAIA coins on different public chains are different.
1. Public chain properties of KAIA coin
KAIA coin is a public chain asset with the following characteristics:
- Distributed ledger: KAIA coin’s Transaction records are stored on the distributed ledger, and the information is open and transparent and cannot be tampered with.
- Consensus mechanism: KAIA currency adopts the Proof of Stake (PoS) consensus mechanism, and verification nodes participate in block confirmation by pledging KAIA currency to ensure the security and stability of the network.
- Smart contract capabilities: KAIA currency supports smart contract capabilities, and developers can build decentralized applications (dApps) on it.
2. KAIA coin in the Ethereum ecosystem
KAIA coin was originally an ERC-20 token running on the Ethereum blockchain. Due to the maturity and widespread use of the Ethereum ecosystem, KAIA coins have gained high liquidity on Ethereum. The KAIA currency in the Ethereum ecosystem is mainly used in the following scenarios:
- DeFi Ecology: KAIA currency can participate in decentralized finance (DeFi) protocols, such as liquidity mining, Lending and trading.
- NFT Market: KAIA coins can be used to purchase and trade non-fungible tokens (NFTs) on Ethereum.
- Game Ecosystem: KAIA coins can be used to purchase game props, upgrade characters and participate in various activities in the game ecosystem.
3. KAIA currency on OKX chain
In order to improve transaction efficiency and reduce costs, KAIA currency will be ported to the OKX chain in 2022. OKX chain is a high-performance public chain with the following advantages:
- TPS improvement: The transaction processing capacity of OKX chain can reach thousands of transactions per second, which is much higher than that of Ethereum TPS.
- Lower handling fees: The handling fees of OKX chain are much lower than those of Ethereum, and transaction costs are lower.
- Cross-chain interoperability: OKX chain supports cross-chain bridges to realize asset transfer and interaction with other public chains such as Ethereum.
The KAIA currency on the OKX chain is mainly used in the following scenarios:
- OKX Ecology: KAIA currency can be used as the platform currency of the OKX platform. To pay transaction fees, participate in the OKX Jumpstart project and participate in other activities in the OKX ecosystem.
- DeFi ecology: KAIA currency can participate in DeFi protocols on the OKX chain, such as liquidity mining, lending and trading.
- NFT Market: KAIA coins can be used to purchase and trade NFTs on the OKX chain.
4. KAIA Mainnet
KAIA team is developing its own independent public chain - KAIA Mainnet. KAIA Mainnet aims to provide a highly autonomous and customized blockchain environment for KAIA coins. Its features include:
- Specially customized: KAIA Mainnet will be tailored to the needs of KAIA coins. Specifically customized to optimize its performance and functionality.
- Higher security: KAIA Mainnet will adopt advanced consensus mechanisms and security protocols to enhance the security of the network.
- Developer Friendly: KAIA Mainnet will provide a developer-friendly environment to simplify the development and deployment of dApps.
List of public chains to which KAIA currency belongs:
- Ethereum (ERC-20)
- OKX chain
- KAIA Mainnet (under development)
FAQ:
-
Does KAIA coin only belong to one public chain?
- No, KAIA coin currently exists on Ethereum, OKX Chain and the upcoming KAIA Mainnet.
-
Which public chain has the best KAIA coin?
- Each public chain has its advantages and disadvantages, and the best choice depends on personal needs.
The above is the detailed content of What chain does KAIA coin belong to?. For more information, please follow other related articles on the PHP Chinese website!
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