V0.3.0 of Koinos, a/k/a testnet V3, is the culmination of nearly 2 years of hard work by the blockchain engineering team. V3 marks the completion of the Koinos blockchain, which means smart contracts that work on V3 will also work on mainnet so dApp developers can now dive head first into building their Koinos dApps. This marks the beginning of the testing period (“soak time”) for the main net.
Andrew Levine
CEO of Koinos Group, creators of the Koinos blockchain
I’m Andrew Levine, the CEO of Koinos Group, and we are very excited to announce the release of v0.3.0 of Koinos, a/k/a testnet V3! V3 is the culmination of nearly 2 years of hard work by the blockchain engineering team to complete the first truly fee-less blockchain framework with infinite upgradeability and universal programming language support built atop a microservice architecture.
Fee-less Blockchain Ecosystem
The Koinos blockchain framework (KBF) is the core technology that will serve as the foundation for an entire ecosystem of fee-less and infinitely upgradeable public, private, and hybrid blockchains.
Thanks to its modular upgradeability, any blockchain built on the KBF will be able to improve itself at a far more rapid rate than any other blockchain out there, allowing them to iterate to greatness!
We will demonstrate this capability on V3 by replacing the proof of work consensus algorithm with proof of burn and then adding a governance system all without ever disrupting the operation of the blockchain! In this way the V3 will evolve into the ultimate layer 1; Koinos main net.
The Journey
The KBF is designed to be the most simple blockchain imaginable, containing primarily the cryptographic primitives necessary to construct a blockchain and the right “system calls” that allows for the widest range of behaviors to be added in-band (without a hard fork) through the uploading of a smart contract.
The benefit of this design is infinite upgradeability, but the cost is that it makes getting the…
