A DUAL-TOKEN BLOCKCHAIN
THE KOWALA PROTOCOL IS A DUAL-TOKEN BLOCKCHAIN AND PAYMENTS PLATFORM THAT CONSISTS OF MINING TOKENS AND STABLE-VALUE PAYMENT TOKENS
Our flagship dual-token blockchain targets $1 USD
mUSD is the mining token for Kowala's kUSD blockchain. mUSD owners earn block rewards in the form of newly minted kUSD for their mining efforts.
Learn more about mUSD
kUSD is the stable-value payment token for Kowala's kUSD blockchain. The total number of kUSD expands and contracts depending on real-time market conditions.
Learn more about kUSD
1 kUSD TARGETS THE VALUE OF $1 USD
kUSD is a digital currency designed to target a stable value equal to $1 USD
New kUSD are minted automatically by the blockchain to satisfy market demand. The total number of kUSD coins is not pre-set, but is constantly and automatically adjusted by the blockchain. The number of kUSD can grow into the millions, billions, and beyond to satisfy market demand for kUSD. All newly minted kUSD are distributed to miners.
At launch kUSD will be available on the following exchanges
kUSD will also be available to consumers and 2.3 million merchants in 180+ countries with
ABOVE $1 AND RISING
When the weighted average price of kUSD is above 1 USD, the blockchain will increase the amount of kUSD minted each block.
BELOW $1 AND FALLING
When the weighted average price of kUSD is below 1 USD and falling, transaction fees are increased and burned by being sent to a dead-end address.
Mint your own money with mUSD
In order to mine kUSD, you have to own mUSD. As a proof-of-stake protocol, mining kUSD has important advantages over legacy blockchains
User Friendly Mining
You don't need to be a blockchain nerd to mine kUSD. In fact, you don't even need your own computer. You can mine in the cloud. Kowala makes it easy for you to set up your mUSD to mine and begin reaping block rewards.
Energy Efficient
Traditional mining is a competitive business where the winner takes all. Konsensus, Kowala's implementation of Tendermint, however, ingeniously orchestrates consensus more rapidly, with less energy use and higher transaction throughput.
No special hardware required
Unlike most other cryptocurrencies, you don't need a volcano-powered, snow-cooled supercomputer to mine kUSD. You can use your laptop, or even a cheap server in the cloud.
MINTING kUSD
Kowala will create a total of 1,073,741,824 mUSD tokens. mUSD holders can earn newly minted kUSD created by the blockchain as the demand for kUSD increases. In addition, mUSD holders can also earn the transaction fees included in a mined block.
kUSD IS READY FOR REAL WORLD PAYMENTS WITH NEAR INSTANT TRANSACTIONS
The kUSD blockchain is ~1,000x faster than Bitcoin and ~280x faster than Ethereum
The consensus protocol of Kowala, Konsensus, is a formal set of rules that allows a decentralized group of participants to agree on the advancement of the blockchain, including the handling of transactions and the distribution of incentivizing rewards.
Konsensus is derived from Tendermint, a mostly asynchronous consensus protocol which is itself based on Byzantine Fault Tolerance (BFT). We chose to base our work on Tendermint because it has achieved block transaction performance that is far superior to other widely used blockchain consensus protocols and because it has a well-understood security profile.
We've partnered with some of the best
Let's work together to build better money
The Underbanked
kUSD provides a secure, stable technologies to facilitate international remittances and cross-border payments like never before.
Contact Us >Investors
Park your assets in kUSD as a stable alternative to fiat currencies during periods of volatility. Enter and exit cryptocurrency trades with less delay and cost. Stay in crypto and skip the hassle.
Contact Us >Arbitrageurs
kUSD stability algorithms react to market data and raise or lower money supply. Profit by getting ahead of these mechanisms and trading kUSD around its peg.
Contact Us >Retailers
kUSD has practically zero transaction fees and eliminates volatility risk during transactions. Transactions settle immediately within one second. No chargebacks.
Contact Us >mUSD Owners
Mine kUSD with low energy and hardware costs. Reap continual block rewards as the market cap of kUSD grows in the marketplace.
Buy mUSD Now >Entrepreneurs
Create and launch the blockchain business of your dreams. With stable kUSD and its lightening fast blockchain, your creations can now blossom. What world-changing business will you build?
Contact Us >WATCH OUR CEO EILAND GLOVER DISCUSS THE ECONOMICS OF STABILITY
Eiland Glover discusses stability, timelines and applications in his keynote at the 2018 Beyond Blocks Summit in Tokyo
Eiland Glover talks about stability in the growing cryptocurrency and blockchain industries in his keynote at Token 2049 in Hong Kong
Protocol Development Timeline
Click here to watch our realtime development visualization video and see our developers in action
March 2017
The initial draft of The Kowala Protocol White Paper is written and reviewed internally.
April 2017
A comprehensive agent-based model is created to test and validate the basic mechanisms of the Kowala Protocol.
November 2017
The Kowala Protocol White Paper v1 is released.
January 2018
Konsensus, Kowala's Tendermint style consensus mechanism is released on Kowala's kUSD TestNet (Ovum Release).
March 2018
Oracle smart contract features are released on Kowala's kUSD TestNet (Zygote Release).
September 2018
mUSD delivery mechanisms will be released on Kowala's kUSD MainNet (Andromeda Release).
Q1 2019
Live price reporting from exchanges and wallet app will be released on Kowala's kUSD MainNet (Boötes Release).
Q1 2019
Native Android wallet will be released.
2019
Sending and requesting of funds via social media