Kaia/KAIA#68 0

What is KAIA (KAIA) Crypto? 

It is the cryptocurrency that keeps the Kaia blockchain alive. Kaia is a new and advanced high-performance network that aims to revolutionize the way blockchain is adopted in industries. Along with this, Kaia blockchain encompasses technology from the Klaytn blockchain and Finschia blockchain. This will complement and achieve network scaling and accessibility design considerations to become Asia's number-one blockchain for Web3 solutions. The network combines 4,000 transactions per second, instant finality of transactions, and one block generation time in one second. All this makes Kaia an ideal infrastructure for both developers and enterprises.

Important Characteristic Features of KAIA 

Unparalleled Speed: The Kaia Blockchain includes corresponding 4,000 TPS with instantaneous finality for smooth and real-time transactions. 

Low Costs: KAIA transactions are comparatively much less than almost a tenth of Ethereum gas fees. 

EVM Compatibility: From EVM compatibility, developers can easily port their Ethereum-based dApps to Kaia. 

Integration of Real-world Assets (RWA): The blockchain supports tokenized assets such as gold, real estate, and fiat-based stablecoins in order to promote their adoption among traditional sectors. 

Decentralized Governance: The Kaia Governance Council, which has enterprise and DAOs within its fold, allows the governing of decision making securely and openly.

What is KAIA Token?

The KAIA Token is primarily that utility coin on the Kaia blockchain ecosystem. It transacts all transactions; rewards developers, and fuels the Kaia Ecosystem Fund supporting and building projects and innovations. 

Uses of KAIA Coin

Payment Mechanism for Transactions: It is used for creating, executing smart contracts and transferring tokens.

Staking and Governance: Used to enable eligibility for staking rewards, as well as for governance voting.

Incentive to Developers: Such applications promote better applications while compensating node operators through resource contributions.

Supporting Ecosystem: KAIA backs DeFi projects, GameFi, and liquidity pools within the network.

Possessed by such strong characteristics and scalability, it is solidly poised as the critical engine to power Web3 innovation, for the benefit of both developers and end users all around the world.

Best Wallets for Storing KAIA?

When you want to keep KAIA safe, you require that reliable wallet. Here are the best candidates: 

Kaia Wallet

That is the official wallet for the Kaia Network. It is a Chrome extension.

Best for holding and transacting KAIA and Kaia-based tokens while interacting with some dApps in real-time.

MetaMask

Popular EVM compatible wallet and it has built integration with the Kaia network.

It has both browser extension and mobile app, giving and guaranteeing a secure private-key storage.

Trust Wallet

Pain in the ass of a mobile-friendly wallet, supporting Kaia tokens but holding full control over private keys.

Ledger (Hardware Wallet)

Hardware wallet at max security suited for long-term storage.

MyEtherWallet (MEW)

It's a web wallet which supports EVM blockchains, such as Kaia, great for online token management.

The best experience is entirely at Kaia Wallet which is believed to be completely compatible with the network.

Where to Buy KAIA token?

KAIA tokens can be purchased on both centralized exchanges (CEXs) and decentralized exchanges (DEXs) within the Kaia ecosystem. Leading platforms like Binance, KuCoin, and MEXC offer reliable trading pairs for KAIA, making it accessible to users worldwide. For those who prefer decentralized trading, options like DragonSwap and KaiaSwap provide seamless transactions with enhanced privacy and security.

Steps to Purchase KAIA:

1. Create an Account: Register on your chosen exchange and complete any required identity verification.

2. Deposit Funds: Add funds to your account using supported payment methods, such as bank transfers or credit/debit cards.

3. Buy KAIA: Navigate to the KAIA trading pair (e.g., KAIA/USDT) and place an order to purchase the desired amount.

4. Secure Your Tokens: After purchasing, consider transferring your KAIA tokens to a secure wallet, such as the Kaia Wallet browser extension, for enhanced security.

How many KAIA coins are currently in circulation, and what are KAIA's all-time high and all-time low ?

As of now, there are 5.9 billion KAIA coins in circulation, matching its total supply. The coin reached its All-Time Low (ATL) of $0.1131 on November 5, 2024, and its All-Time High (ATH) of $0.4067 on December 3, 2024.

How KAIA Crypto Works

KAIA is the native cryptocurrency powering the Kaia network, a blockchain ecosystem designed for high performance, scalability, and security. The network is structured into three logical subnetworks: Core Cell Network (CCN), Endpoint Node Network (ENN), and Service Chain Network (SCN). These subnetworks work together to ensure seamless transaction processing, smart contract execution, and support for decentralized applications (dApps).

Core Architecture and Functions
KAIA transactions are processed through Core Cells (CCs), which include Consensus Nodes (CNs) for block generation and Proxy Nodes (PNs) for transaction transmission and block propagation. Endpoint Nodes (ENs) manage API requests and link service chains to the main chain, providing a robust framework for data and transaction handling.

Consensus Mechanism
KAIA employs an optimized Istanbul BFT algorithm using Practical Byzantine Fault Tolerance (PBFT). This process involves:

1. Selection of a proposer and validator committee through Verifiable Random Function (VRF).

2. Block generation by the proposer.

3. Validation and signing by over two-thirds of the committee.

This consensus ensures high throughput, with the ability to process 4,000 transactions per second and instant finality.

Smart Contracts and Security
The Kaia Virtual Machine (KVM) supports Ethereum-compatible smart contracts, allowing developers to deploy dApps with ease. Enhanced security measures, such as VRF and key separation, safeguard the network.

In summary, KAIA combines cutting-edge technology and security for efficient and scalable blockchain operations.