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Bitkub builds blockchain infrastructure that supports an affordable, scalable environment for launching decentralized applications. With Bitkub Chain, the goal is to support the local Blockchain ecosystem by enabling Decentralized Applications and their assets to run in a transparent way, backed by low transaction costs and fast confirmation. Bitkub Chain uses a Proof of Authority (PoA) consensus model: trusted validator nodes validate and sign transactions, then create a new block that gets appended to the chain. To improve network efficiency, a new block is generated every 5 seconds.
Bitkub Coin (KUB) is the native utility coin of the Bitkub Chain, powering and helping manage the chain’s ecosystem through usage and governance. KUB serves several purposes, including covering transaction fees, redeeming trading fee credit on Bitkub Exchange, and sending KUB to other users.
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