On 16 June 2021, KuCoin launched the KuCoin Community Chain (KCC) which supports the research and development of the DApp projects. In order to become part of the applicant, it is crucial to get to know what it is all about.
In short, Kucoin Community Chain (KCC) is a decentralized public chain with high performance that was designed by the fans of KCS and KuCoin. Mainly, the objective of KuCoin Community Chain (KCC) is to solve the issues faced by the community users, especially to overcome the low performance and high cost of public chain. Furthermore, Kucoin Community Chain also promised to provide the community users with a faster, more convenient and low-cost experience.
By using Kucoin Community Chain (KCC), the community users will receive many advantages as the beneficiaries. It is because KCC is a platform that is completely viable with Ethereum and ERC-20 smart contracts. However, what is best about KCC is that this platform involves incredibly low expenses in relocation and migration compared to any Ethereum and ERC-20 smart contracts.
In KCC, KuCoin Token or also known as KCS is the only fuel and native token that can be used to pay gas fee. By doing so, it is convenient for the community, as KCS is a token founded and provided initially by Kucoin itself. Need to mention that in Kucoin Community Chain (KCC), the blocks are produced every 3 seconds which are notable marks which will force the transaction confirmation to settle with an optimum speed to achieve a higher chain performance. In order to confirm the efficiency and security of the platform, KCC will adopt the consensus algorithm of Proof of Stake Authority (PoSA) to be used in the platform. Users can trace every transaction inside KCC Blockchain through the following explorer link which is explorer for mainnet and for the testnet:
Mainnet : https://explorer.kcc.io/en
Testnet : https://scan-testnet.kucoin.one/
Due to the launch of KuCoin Community Chain, Boltr team have made some deep research on comparing it to any other blockchain network, especially Ethereum network as a main branch for all ethereum based blockchain. We found that KCC is more convenient than any other blockchain and we decided to bring a DeFi protocol to its ecosystem.
Website : https://www.boltrswap.com
Twitter : https://twitter.com/boltrswap
Telegram : https://t.me/boltrswap
Github : https://github.com/boltrswap
