KUB Coin KUBPrice $ 1.42

KUB Coin is a blockchain infrastructure providing an affordable and scalable platform for deploying decentralized applications. Bitkub Chain aims to lay the foundation of the local Blockchain ecosystem, allowing Decentralized Applications and their assets to function transparently with affordable transaction fees and high-speed confirmation times. Bitkub Chain is built with a Proof of Authority (PoA) consensus algorithm, where a group of known and reputable validator nodes authorizes the transactions by validating and signing them, before producing a new block, which will be added to the chain. In order to maximize Network efficiency, a new block will be produced every 5 seconds.

Bitkub Coin (KUB) is a native and utility coin of the Bitkub Chain that is used to fuel, operate, and govern the Bitkub Chain ecosystem. KUB has multiple utilities such as paying transaction fees, redeeming trading fee credit on Bitkub Exchange, and also transferring KUB to one another.