Embark on an exploration of the Kucoin Community Chain (KCC), a decentralized public chain ushering in a new era by integrating the KCS token as gas. This revolutionary EVM-compatible blockchain, born from the collaborative efforts of KCS and KuCoin's enthusiast communities, promises a seamless, cost-effective, and decentralized environment for running DApps and managing digital assets. Boasting a swift block time of just 3 seconds, KCC emerges as a formidable player in the blockchain realm.
Kucoin Chronicles: Rise of a Global Crypto Exchange
Journey into the origins of the Kucoin Community Chain by tracing its roots back to one of the cryptocurrency world's giants – Kucoin. Established in 2017, Kucoin swiftly rose to global acclaim with a massive user base and daily transaction volumes soaring into the hundreds of millions. The addition of the KCS token brought a unique dimension, offering users trading fee discounts, a share in Kucoin's profits, and now serving as the gas for the Kucoin Community Chain.
Genesis of KCC: Tackling Blockchain Challenges Head-on
Uncover the genesis of KCC, launched on June 16, 2021, by the dedicated developer communities of KuCoin and KCS. KCC 1.0, based on Ethereum's source code, aimed to tackle challenges such as low performance and high costs experienced on Ethereum. With millions of blocks already in existence and hundreds of thousands of active addresses, KCC emerged as a dynamic and efficient blockchain network.
EVM Compatibility: Paving the Way for DApp Deployment
Delve into the technical prowess of KCC, built to be EVM compatible. This compatibility empowers developers to effortlessly deploy and run their DApps on KCC using familiar tools from Ethereum. The blog explores the significance of this feature in fostering a diverse range of decentralized applications on the KCC network.
KCC Phases: Evolutionary Steps into the Future
Unearth the roadmap of KCC's development, marked by three progressive phases – KCC 1.0, KCC 2.0, and KCC 3.0. While KCC 1.0 addresses immediate challenges, a glimpse into KCC 2.0 reveals exciting enhancements, including account abstraction, performance improvements, and gas incentives for DApp developers. Peek into the ambitious vision of KCC 3.0, aspiring to become a resilient global settlement layer and DA layer for multiple rollups, fostering client diversity and ecosystem growth.
Navigating the KCC Cosmos: Explorers and Bridges
Embark on a journey through the KCC universe with insights into its mainnet and testnet explorers, providing users the ability to track transactions and explore on-chain activities. The blog sheds light on the KCC Bridge, a multi-chain bridge facilitating seamless asset transfers between different chains, such as Ethereum, Binance Chain, Polygon, Fantom, and Avalanche.
KCC Gas Revenue Program: Empowering Developer Innovations
Explore the dynamics of the past KCC Gas Revenue Program, a pivotal element of the concluded KCC Ecosystem Incentive Program. Crafted to support gas refunds to KCC contract deployers, this program played a crucial role in lowering the operational costs of on-chain projects, incentivizing developers to deploy contracts on KCC. The KuCoin Community Chain (KCC) had announced that KCC officially launched the gas revenue program and opened the project registration channel. All successfully registered projects enjoyed the KCC gas refund service starting from March 15.
The KCC gas revenue program served as a supplement to the KCC ecosystem incentive program, reducing the development costs of on-chain projects by subsidizing gas. The KCC team comprehensively reviewed registered projects from various dimensions, such as the project category, development status, deployment time, and project interaction, determining the gas subsidy ratio, which could reach up to 100%. The KCC Management Foundation provided financial support for the KCC gas revenue program.
To celebrate the official launch of the KCC gas revenue program and give back for supporting the projects on-chain, KCC had launched two limited activities. One was for any projects deployed on the KCC registered for the gas revenue program, having passed the review. Projects could enjoy the top gas subsidy in the track of the project from March 15 to May 31. The other was for new projects successfully deployed on the KCC that had registered for the gas revenue program and had been successfully reviewed. Projects could enjoy a three-month top gas subsidy in the track. For specific event information, participants were directed to visit the KCC official website.
Token Standards on Kucoin Community Chain
Kucoin Community Chain (KCC) stands as a beacon of interoperability, supporting all the familiar token standards found on Ethereum. From the widely used ERC-20 tokens to the unique ERC-721 tokens, KCC's compatibility ensures a seamless transition for developers and users migrating from Ethereum. However on KCC these same token standards are renamed as KRC-20 and KRC-721. This harmonious integration allows token creators to effortlessly deploy their existing Ethereum-based tokens on KCC, unlocking new possibilities and utility within the fast and cost-effective KCC ecosystem. The ability to retain these token standards exemplifies KCC's commitment to providing a familiar and flexible environment for blockchain enthusiasts.
KCC Wallet Support
Navigating the Kucoin Community Chain becomes even more user-friendly with its support for EVM (Ethereum Virtual Machine) wallet compatibility. Users can seamlessly integrate KCC into their preferred EVM-compatible wallets, extending support beyond proprietary solutions. Leading wallets like MetaMask and Trust Wallet effortlessly interface with KCC, allowing users to manage their KCS tokens, deploy smart contracts, and engage with DApps directly from their familiar wallet interfaces. This commitment to EVM wallet support not only enhances accessibility but also accelerates the adoption of KCC, creating a more inclusive and versatile blockchain experience for users worldwide.
One of the wallets that supports KCC is Metamask. Because of its easy option to add any EVM network you can also add KCC to Metamask.