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.&nbsp;Key features of Koinos:<ul><li>Truly Decentralized. Koinos uses PROOF-OF-BURN which is highly efficient, decentralized, and provably egalitarian</li><li>Just like the INTERNET. The Koinos Mana system allows people to use the blockchain without spending, or even holding, ANY tokens.</li></ul>

Koinos

Koinos is a general purpose blockchain-based decentralized network

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