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Kylacoin (KCN) is a scalable and interoperable layer 1 blockchain launched in 2022, featuring a secure 60-second block time using the SHA3d algorithm. Notably, it had no premine or ICO, ensuring fair distribution from the start. With a fluctuating total supply of around 5,900 coins but no current circulation, Kylacoin is traded on six markets. Despite recent low trading volumes, future developments include the creation of lite wallets and a robust token system with enhanced functionality.
Kylacoin (KCN) is a scalable and interoperable layer 1 blockchain launched in 2022, featuring a secure 60-second block time using the SHA3d algorithm. Notably, it had no premine or ICO, ensuring fair distribution from the start. With a fluctuating total supply of around 5,900 coins but no current circulation, Kylacoin is traded on six markets. Despite recent low trading volumes, future developments include the creation of lite wallets and a robust token system with enhanced functionality.
Kylacoin (KCN) is a cryptocurrency that focuses on scalability and interoperability within its blockchain ecosystem. It is a layer 1 blockchain that ensures efficient and secure transactions through the SHA3d hashing algorithm. The project development began in December 2021, and it officially launched on February 5, 2022, with a fair distribution policy having no premine or ICO.
Kylacoin guarantees an equitable distribution by having a fair launch with no premine and no Initial Coin Offering (ICO). This approach ensures that no coins are allocated to founders or an early group, promoting fairness among all participants from its inception. As a result, Kylacoin's total supply has fluctuated around 5,900 coins.
Kylacoin employs the SHA3d hashing algorithm, which is known for its enhanced security features. This algorithm helps in securely maintaining the blockchain, protecting against common vulnerabilities, and ensuring that transactions within the ecosystem are reliable and tamper-resistant.
Kylacoin plans to create lite wallets for mobile and other platforms, facilitating user accessibility and ease of use. Additionally, the project is developing a token system backed by a robust scripting language to enhance functionality and expand its capabilities within the blockchain space, making it more versatile for users.
Unlike many other layer 1 blockchains, Kylacoin focuses heavily on fairness with its no premine and no ICO launch model. It also emphasizes security with the SHA3d hashing algorithm and scalability with a 60-second block time. Furthermore, its focus on future developments such as lite wallets and a scripting language offers a unique blend of security and ease of use.
Despite being actively traded on six markets, Kylacoin has recently recorded a trading volume of $0.00 over the past 24 hours. This could be due to various market conditions including investor sentiment or volatility in cryptocurrency markets. However, the ecosystem's developments are ongoing, which may affect trading activities in the future.
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