Common Koinos Related Terminology ​

Free-to-use: Refers to the ability to use a blockchain without losing any tokens. Free to use does not mean there is no resource management mechanism. See Mana.

$KOIN: The symbol of the Koinos blockchain's main utility token.

Kondor: A 3rd party wallet extension for Chromium based browsers.

Mainnet: The main network where actual transactions take place on a distributed ledger.

Mana: A new concept that is a property of the $KOIN token. It gets consumed as a user performs fee-less transactions but regenerates over time.

Microservices: Multiple interdependent services that communicate via AMQP and can easily be run as a unit with Docker Compose.

Modular upgrade ability: Refers to the ability to upgrade discreet components of the Koinos Blockchain without the need for hard forks.

MKW: A web based 3rd party wallet called "My Koinos Wallet". Can be used on mobile as well.

Nodes: A computer connected to the Koinos blockchain network using a client that performs the task of validating and relaying transactions.

POB: Proof of Burn is the consensus algorithm used at Koinos. You burn $KOIN and earn $KOIN.

Universal language support: Refers to the ability for the WASM virtual machine used on Koinos to accept WASM binarys compiled from any supported langauge.

Virtual Supply: The total supply of $KOIN and $VHP in circulation.