Layer-1 decentralized blockchain Koinos is set to launch its mainnet on Nov. 5. It will be a free-to-use platform based on a proof-of-burn (PoB) consensus algorithm, built to deliver more efficiency and access to developers in Web3.
Formed by a group of blockchain veterans behind the Steem blockchain and steemit.com, the platform was built without venture capital funds, initial coin offerings, pre-mine or any other early distribution of tokens to insiders, said the company.