About Kingaru Coin
Kingaru Coin become a candidate and be elected as a validator, a minimum of 100,000 KRU is required to be staked. Those that do not have the minimum required amount of KRU may delegate their KRU to the validator of their choice, thus casting their vote to have that validator elected to be part of the validator set. At UTC midnight each day the set of 21 validators will be calculated and selected and a verifiable ValidatorSetUpdate message will be issued to show the updated validator set.
The existing KC validators after receiving this message will update their validator set after 1 epoch. In the genesis stage, a few trusted nodes will run as the initial Validator Set. After the blocking starts, anyone can compete to be elected as a validator by joining the pool of candidates. The chain is designed so that the top 21 most staked nodes will be chosen as the next validator set with an election repeating every 24 hours.
Kingaru Coin Point Table
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Security & Finality
In determining transaction finality, given that more than half of the validator set is honest, KC will work securely and properly. There are cases where a certain number of validators may attempt to attack the network through what is known as a “Clone Attack” seeking to overcome this first hurdle. To provide additional hurdles, KC has slashing logic in place that penalizes those validators that facilitate double signing and inavailability schemes.
This slashing logic will expose malicious validators in a very short time and make the “Clone Attack” very hard or extremely non-beneficial to execute. Coinciding with slashing, there is an unbonding period where staked KRU will remain bonded to Validators so that the slashing of their bonded KRU can be enacted when malevolent behaviors occur.
Rewards & Fees
Validators in the current validator set will be rewarded in KC transactions fees. The more transactions that happen on the network, the greater the rewards will be to the validators. KRU is the native token of the KC and as such transaction fees will be paid in KRU. As KRU is not an inflationary token, there will be no mining rewards similar to what the Bitcoin and Ethereum networks generate.
As KRU is also a utility token with multiple use cases, delegators and validators will be able enjoy other benefits of holding KRU. Every validator in the validator set will take turns producing blocks in the same probability (if they stick to 100% liveness), thus, in the long run, all the stable validators are likely to get similarly sized reward amounts.
Kingaru will run at approximately 1,400 Transactions per second (TPS), matching that of VISA’s worldwide bandwidth. With the Bitcoin network at roughly 7 TPS and Ethereum at 14 TPS, Kingaru is 200 times faster than BTC and 100 times faster than ETH. Transactions happening within seconds enables KRU’s use in commerce settings where transactions need near instant settlement.
Why Choose Kingaru Coin?
- Low-cost – Ultra low procecssing fees. Accept crypto payments for as little as .5%.
- Simple – Paying with KRU is easy for consumers and takes less time to pay than it does to enter a credit card.
- Secure – No chargeback or fraud risks. Proven security through third party audits.
- Speed – Nearly instantaneous wallet to wallet transactions.
- Scalable – The Kingaru bridge allows most major coins to be utilized within the eco-system (Bitcoin, Ethereum, Binance).
- Licensed – Kingaru’s virtual currency license means it’s regulated as a financial services company.
- Integrated – Use with WOOcommerce and other top platforms.
- Eco-friendly – Kingaru uses minimal energy, unlike other major blockchains.
Where Can You Buy Kingaru Coin?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2) As It Has The Highest 1SH/BUSD. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include 1SH/BUSD And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
Kingaru Coin Supported Wallet
Several Browser And Mobile App Based Wallets Support Kingaru Coin. Here Is Example Of Wallet Which Kingaru Coin – Trust Wallet For Hardware Ledger Nano.
FAQ Of Kingaru Coin
Where I Can Find Kingaru Coin Whitepaper?
You Can Find Kingaru Coin Whitepaper By Clicking Here.
Where I Can Buy/Sell Balancer Token?
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – BitMart.
What is Circulating Supply Of Balancer Token?
Circulating Supply Of Balancer Token Is 151,250,000.00 KRU.