Koinos is a general purpose blockchain-based decentralized network that allows for free-to-use applications through a “Mana” mechanism that dynamically prices network resources in opportunity cost (not tokens) and allows for free-to-use dApps through Mana “delegation.” Proof-of-burn is implemented as a consensus algorithm to maximize efficiency, decentralization, and provable egalitarianism while thwarting the exchange attack and mitigating spam. Blocks are produced by hashing a private key and the random number output of a verifiable random function (VRF) then dividing by the amount of tokens burned. 

Key features of Koinos:

• Truly Decentralized. Koinos uses PROOF-OF-BURN which is highly efficient, decentralized, and provably egalitarian
• Just like the INTERNET. The Koinos Mana system allows people to use the blockchain without spending, or even holding, ANY tokens.