Hello Hivers, as many of you probably know, Hive was created in response to a hostile takeover and exchange attack. When my Koinos Group co-founders (the core developers of Steem) and I saw that the community fork of Steem (Hive) would succeed, we decided to focus our attention not on building a social blockchain that would compete with Hive, but on building a free-to-use general purpose blockchain that applications like Hive could take advantage of to improve their user experience, scalability, and decentralization.
It wasn't easy building a brand new general purpose blockchain that could compete at both a feature and performance level with the top L1s in the world like Ethereum, Solana, and Polkadot while also delivering the unrivaled user experience that Hivers take for granted. But we've done just that and tomorrow you can watch via livestream as @Vandeberg (the largest contributor to the Hive codebase) spins up the latest version of the Koinos testnet (Harbinger)! This version includes all the features that make Koinos the world’s first truly free-to-use, truly decentralized, and truly evolving general purpose blockchain (“L1”).!
Watch the launch of v0.4.0 (V4) of the Koinos testnet on discord at 1:00 PM EST.
Feature Complete?
Harbinger V4 will be the first, fully functional blockchain ever to use proof-of-burn as a consensus algorithm. It will be the first ever free-to-use blockchain thanks to the Mana system (which is based on the same RC system in Hive) and Mana delegations. And it will be the first ever blockchain capable of evolution because it will have an on-chain decentralized governance system that can add new business logic to the blockchain as smart contracts through in-band upgrades (no “Eth 2.0” hard forks). Any one of these features would be a “killer feature” in any other blockchain, but Koinos combines them to create what we think is the ultimate general purpose blockchain.
To learn more about how Koinos works, check out the new unified whitepaper.
For those reading who may not understand why this is important, it's this: #Koinos will allow you to build dApps that don't have a first step of "purchase token". I believe this is what's required for blockchain to go mainsteam - delightful, desirable, and free-to-use apps with free accounts and no barriers.
If it cost even $0.001 to post a comment on Hive how often do you think you'd interact? That's why free-to-use matters and is what's missing from Ethereum and all of it's other smart contract chain competitors and clones.
would you say that the upcoming RC delegation feature on Hive would be comparable to what KOIN has (in terms of free to use)?
No because Hive isn't a smart contracts platform, it's an application specific chain. Other applications can certainly use Hive but they require layer-2 solutions which are ultimately centralized and the blockchain industry keeps proving to us how centralized things work out. Being able to launch a different type of app on a decentralized layer-1 is way more desirable because it offers you direct exposure to all other apps built on the network and in a completely decentralized way.
But if you put all of that aside, yes, the free-to-use nature of Hive and Koinos are similar. Instead of delegation Koinos uses payer/payee symantics for smart contracts. The big difference here is that a dApp owner can choose to use their Mana (similar to RC) for all of their users rather than making individual delegations. It's a lot more elegant and versatile.
thanks, this cleared things up :)
Claim feature need to be retard friendly for people like me :D
Welp... good news is that you'll be able to test that process with the v4 testnet tomorrow
enough would be a video that a 3-year old can follow :)
I think @motoengineer will be doing one maybe (the team might be also though, not sure)
Congratulations on this amazing achievement and milestone for the Koinos Team and also for you personally! I wish you and the team all the best tomorrow with the launch of V4!
Thanks buddy! Good to "see" you!!!
hey, you are alive! :D
Come back to HIVE friend!!!
I am still patiently waiting for some more green egg grilling videos. Never to late to come on back!
Impressive progress! Great to see we are getting close and closer to the mainnet launch. Thank you!
GL HF! 😉
Exciting times for koinos! Paying attention to this on a daily basis!🤓
cool!👍
Can you ask @roadscape to contact me?
I guess it's not easy contacting anyone...