What is KekCoin?
The KekCoin is a peer-to-peer cryptocurrency which is based on the proof-of-Stake principle. It is designed to add value to the Internet community. Basically, the Kek platform should be based on the meme blockchain and help to offer up-to-date content. For this purpose, both the Blockchain, as well as a permanent Web as a technological basis are used. In addition, the content should increase the acceptance of crypto currencies among a large number of users.
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KekCoin – how it works
According to the developers, the meme blockchain offers several advantages. This includes the so-called MemeChain State Machine. This forms a cryptographic hash function, which is implemented on the Kekcoin block chain. As a result, new blocks are completed and transactions are verified. In addition, the meme blockchain has an IPFS integration. This functionality enables a new hypermedia transfer protocol so that blocks can be stored in a distributed IPFS network. In particular, the security and speed of the blockchain should be optimized by this approach. But the creation of large blocks is basically possible through this functionality, so that the cryptocurrency is also designed for use in the future.
Furthermore, the developers have implemented a so-called MemeChain API. This serves as an interface, which can connect the Blockchain with any web application. This API is based on a freely accessible code, which has an open-source functionality. Supporting local HTTP scripts is also enabled, so all popular browsers and mobile applications can be supported. Another functionality of the API is the filtering of unwanted content. This is done using the Google Cloud Vision API. In the course of January 2018, the developers also want to introduce the MemeChain web app. This should represent the final design of the user interface and, among other things, enable the authentication of users.
KekCoin – Technical Data
The KekCoin will bring a maximum of 21 million tokens into circulation. At the moment, however, only 11 million tokens are in circulation. To win more tokens, the developers rely on the proof-of-stake process. Here at least every eight hours new tokens are won. However, the block time is only 60 seconds, so transactions can be completed 10 times faster than Bitcoin . The network complexity automatically adjusts every 22 minutes to match the current processing power in the network.
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What is the current market capitalization of the KekCoin?
The KekCoin has been traded in the markets since July 31, 2017 under the symbol KEK. The token was issued as part of an Initial Coin Offering, which was carried out at an issue price of $ 0.062545. This resulted in a market capitalization of approximately $ 599,520. At the moment, the token is at a high. The price per token is around $ 0.159217, resulting in a market capitalization of $ 1.66 million. Its daily trading volume is about USD 2,300 on a weekly average. In particular, trading will be through the exchange between KEK and BTC realized. In addition, a small number of shares are traded on the exchanges through trading between KEK and BTC. In particular, the trading center Cryptopia plays an important role in CEC trading, as the token can only be traded there.
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