is a decentralized network with its own blockchain, like Bitcoin
, or Nxt
. However, Lisk doesn’t use Proof of Work (PoW)
like Bitcoin or Proof of Stake (PoS)
like Nxt, and rather they use a consensus algorithm called Delegated Proof of Stake (Dpos), which is a simplified implementation of BitShares’ original consensus algorithm.
Every LSK holder can vote for mainchain delegates that are securing the network. Only the top 101 users with the heaviest votes (i.e., the highest number of Lisks individually owned) have a say in problem-solving resolutions and cast votes to carry forward motions. Only these top users can earn block generation rewards, which means there is a financial incentive to become an active delegate. Every other delegate is on standby awaiting to become elected.
Based in Hong-Kong, KuCoin
is a world-class blockchain asset exchange that pays out 90% of daily exchange fees to their token-holders. The exchange was launched in mid-2017 and is a relatively recent arrival in the world of cryptocurrency exchanges. However, the founding members explored and researched various possibilities as early as 2011.
At the time of writing, the daily volume is 3,590 BTC (equivalent to $13,219,143). KuCoin offers its own token KCS (KuCoin Shares), which has a total volume at issuance of 200 million and uses it similar to Binance. However, their mechanism of rewarding its holders is different from Binance.
By holding Kucoin Shares on the exchange, you are entitled and bestowed upon a DAILY bonus called KuCoin Bonus. KCS holders receive 50% of the overall trading fees generated currently, proportional to the number of tokens owned, which means that if the volume and amount of coins traded increases on KuCoin exchange, the bonus of holding the KuCoin Shares would increase as well.