KCC Chain is built around a single purpose: “To accelerate the flow of value around the world without boundaries.” What Is KuCoin Community Chain (KCC) & how it is considered as a low-cost competitor to Ethereum? CMCAlexandria's got you!
These validators receive the transaction fees contained in each block in return for their honest participation in the network’s consensus. In a later update, KCC Chain will introduce, which will allow non-node holders to stake their KCS tokens to earn a fraction of the network’s transaction fee revenue — similar to Delegated-Proof-of-Stake blockchains.
. KCS was initially launched as an ERC-20 token on the Ethereum blockchain but partially migrated to KCC Chain when its mainnet launched in June 2021.The KCS token is now used for paying for smart contact operations and regular transactions on the KCC blockchain. While the developers haven’t yet provided official statistics on its throughput, it is reasonable to assume that it is somewhere around 100-300KCC Chain is currently one of the cheapest blockchains by average transaction fee.
In the last year, the platform has seen the total value locked in its DeFi protocols swell from $0 to over $76 million at its peak. The vast majority of this TVL is associated with MojitoSwap, which has an impressive dominance of more than 86%. Other DApps on KCC Chain currently have a TVL of under $1 million.
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