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Kyoto Blockchain
KyotoProtocol.io is aiming to reduce world emissions by helping scale the ReFilution with its unique layer one, the Kyoto Blockchain. By integrating optimised DeFi protocols that assist, scale, and grow the regenerative finance and emissions trading sectors.
The Kyoto Blockchain uses the energy efficient consensus proof of stake, which uses 99.5% less energy compared to traditional proof of work cryptocurrencies like Bitcoin & Ethereum. More and more blockchains are moving over to the planet friendly consensus as it uses far less energy and reducing consumption of energy contributes towards lowering global emissions. The most notable cryptocurrency making the transition soon is Ethereum, which has been supported by proof of work miners for years.
Proof of stake also gives additional utility for the networks native token, as a portion of the supply is typically pledged against network nodes to receive rewards. This makes the network more secure for a few reasons:
- 1.Most of the supply is not on a centralised exchange, which could be subject to hacking, creating mass sell offs of captured tokens.
- 2.Having the majority of token supply pledged against the network creates a healthy macro investor sentiment. In turn this prevents bank runs and further secures the network with desirable supply and demand economics.
The Kyoto Blockchain will be very cost effective to use compared to traditional cryptocurrencies, enabling high volume dApps to run at ease. The network will charge small amounts of $KYOTO for a transaction. The transactions are one of the main mechanisms utilised to correctly assist the protocols growth.
Gas fees will support three functions.
- 1.25% to ReFi/carbon offset.
- 2.45% to node operators/token stakers
- 3.30% towards annual burn/or distribute (voted).
These are only a handful of reasons that show why the Kyoto Blockchain is needed. Now, let's dive into specifics.
Maximum supply- 3.25 Billion
Transactions per second- 2000+
Transaction finality- <2 seconds
Number of nodes- 336
Gas fees help regenerative projects
You can read more about the Kyoto Blockchain and how it aims to be the home of ReFi on our Medium platform below -https://medium.com/@KyotoProtocol.io/introducing-the-home-of-refi-the-kyoto-blockchain-5dfad3b7212b
Last modified 1mo ago