Lianan Interview No. 35 | The public chain and DeFi craze have triggered the reorganization and transformation of the digital mining industry

The mining circle and the currency circle are interrelated. More and more people who speculate in currency are joining the mining circle. However, the current problems in the mining circle, such as high electricity costs, high transfer fees, and slow transfers, still prevent many people from entering the mining circle. Recently, there is such a mining public chain that breaks the shortcomings of traditional mining in the mining circle and allows more individuals to participate in mining. I believe many people already know that it is the KOC public chain.

Host: One of the features of KOC public chain that everyone knows is that it is a smart contract mining public chain. Can Darren give us a brief introduction to KOC public chain?

Darren: It is a blockchain smart contract consensus network mining public chain for authenticating entity identities; it adopts a new blockchain system architecture and is positioned as an easy-to-use high-performance blockchain platform, aiming to achieve performance expansion of distributed applications to meet the real business needs of the real world. With a complete user privacy protection and identity authentication mechanism, and based on the low-cost and high-efficiency PoW+DPoS consensus algorithm, it can then realize home mining and customized smart contracts, and quickly establish a decentralized, resource-sharing and self-developing smart ecological network for authenticated entities and applications of different identities. Relying on graphics cards and digital assets as a means of circulation, it ultimately gives back to the real world through scenario applications and promotes a virtuous cycle economic model for the development of the real economy.

Host: What are the practical applications and value of the KOC public chain?

Darren: The value of practical applications: KOC is an underlying commercial public chain. We are currently providing services to some enterprises, institutions, companies, and individuals. We can launch a chain in one minute. If the entire blockchain is to have a big explosion in the future, there must be a public chain or a brand new underlying system. This system must make DEX and DeFi one of their underlying capabilities, greatly reduce costs, or even eliminate costs, so that all users can flow on it. At this time, we found that whether it is a wallet, DEX, or DeFi, they are just tools for forming private domain traffic. The wallet is the entrance to private domain traffic, DEX is a way for all users to trade currency to generate value, and DeFi is the first financial derivative product and financial scenario to explode. The meaning is very simple. There must be a new underlying public chain to change the new underlying layer, develop DEX (decentralized trading) on ​​the new public chain, and then strengthen Defi (pledged finance). There are also Dapps developed on the new underlying public chain, various ecological games on the chain, etc.

Etc. koc is an underlying public chain that meets all the above requirements, and what we are best at developing in this industry is DAPP.

Host: What are the technical innovations of KOC public chain compared to Ethereum public chain?

Darren: TH is already a very successful underlying public chain, but in the future when there will be more users, its network congestion and high mining fees, as well as the problem of graphics card mining are still difficult to solve. KOC's technological breakthrough is faster and more efficient. At present, the mining pool has passed the August 14 test network and can achieve 1S to 15S blocks. Ignoring the mining fee, anyone, organization, or company can develop on the KOC smart contract without any professional knowledge and can launch a chain in one minute.

Host: What is the layout of KOC public chain in Defi?

Darren: Our layout on DEFI mainly depends on the size of the KOC user base. After all, the size of the user base determines how far and how big we can go. However, this wave of DEFI online popularity is almost over, so our focus is still on popularizing online knowledge while preparing for new DEFI users in the future.

Host: If I am a miner, how can I participate in the mining of the KOC public chain and what will the benefits be?

Darren: The first batch of physical mining machines has two series, K1 and K2, 10T and 30T, which will be available in October. There are only 2,000 units in the first phase, and 75% have been booked. The first batch of users will get the profit in 3 to 6 months, but there is a very good mechanism. Some users may get their money back in a few months, and some users can get several times or even dozens of times the money. This requires everyone to figure it out.

Host: What kind of incentive system does the KOC public chain mining pool have for the community and miners?

Darren: KOC's mining pool has the greatest rewards for community nodes. There are currently 40 nodes in the entire network, and the top 20 will share 30% of the total network output. It is updated monthly and automatically transferred to the wallet in 15 seconds based on the computing power of the community. The larger the community, the more rewards there are, not only TOKEN rewards but also physical rewards. It is very worry-free to mine with ordinary mines. You can view all data in real time on your mobile phone, such as working status, output, and computing power. We made an independent QR code for buying a machine. Scan the code to bind the wallet, select the mining pool and add a small part of the pledge. It can work as long as it is connected to the Internet and powered on. The power consumption is less than 2 degrees a day.

Host: Can you introduce us to KOC’s Tongzheng economic model?

Darren: From several aspects, 1. There are very few machines in the first batch. We have more than 30,000 offline users, but there are only 2,000 mining machines. K1 is around 1,000U, K2 is around 1,850U, and the price of the second batch is expected to increase by 2 to 3 times. The second aspect is the application of our DAPP. In the future, we will launch some games on the chain every month to consume and destroy KOC. 3. The autonomy of our community nodes will have their own ecological development. 4. The major platforms will be gradually launched, and the offline promotion team and the online team will continue to enter the market. 5. There is also the traffic brought by the enterprise token. There are more than a dozen companies cooperating at present, and many are under negotiation.

Host: Among the endless stream of public chains, what plans does KOC public chain have to stand out this year?

Darren: If you want to break through, you still have to go deep into offline knowledge popularization and go deep into the masses. At present, the offline overseas user team is mainly based in Singapore, and the domestic offline users are concentrated in Jiangsu, Zhejiang, Shanghai, Henan, and Shandong. After many times of knowledge popularization, these older users have a new understanding of the currency circle. Although many people offline say that they are in the currency circle, a considerable number of older users have not yet entered the real currency circle and are still in ZJP. So someone needs to do this kind of work. Now we are also doing it. The effect is not bad and offline users are more recognized. The plan for the project is to reach the top and all the second-tier, 2. The number of registered users will exceed 1 million as soon as possible. 3. The price will exceed 200U within 2 years.