What is Kobocoin?

"Kobocoin is a digital currency and payment system similar to Bitcoin, with an African heritage. All nodes verify transactions in a public distributed ledger called the blockchain. The ledger uses its own unit of account, also called kobocoin(s).

The kobocoin blockchain is distributed, to independently verify the chain of ownership of each and every kobocoin amount. The wallet on your device is a node. It works to maintain the security and integrity of the blockchain along with all other nodes. There is no central database. This is the decentralized nature of the Kobocoin ecosystem.

In the Kobocoin ecosystem every person who holds a funded wallet (or a funded kobocoin address to be more precise) becomes a stakeholder. This entitles them to freshly minted kobocoins as a reward for helping maintain the integrity of the blockchain (10% per annum credited daily). Stakeholders are rewarded with freshly minted kobocoins until the full allocation is in circulation."

-KoboCoin.com
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General

TICKER SYMBOLS
KOBO
AGE
5 years old (February 07, 2015)
CURRENT PRICE
$0.003821
Updated 1 minute ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.145183
2 years ago
CIRCULATING SUPPLY
25,562,611.82 coins
Updated 57 seconds ago via coingecko.com
MARKET CAP
$97,632
Updated 4 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Built-in Inflation (10% per annum)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work & Proof of Stake (Hybrid)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
1m
CURRENT BLOCK REWARD
1,000 coins
HASHING ALGORITHM
X15
DIFFICULTY ADJUSTMENT
Every block (~1 minute)
0.001
Manilla
0.000001
Cowrie
1E-8
Mansa