KuCoin Community Chain Shared Node

KuCoin Community Chain or KCC is an EVM-compatible ‘corporate chain’ released by Tier-1 exchange KuCoin. With its Ethereum-compatibility and CEX-affiliated origin, at its core it isn’t unlike Binance Smart Chain, Huobi Eco Chain, OKEx Chain, and so on.

As per its team statements, KuCoin Community Chain is developed by the enthusiasts of KuCoin exchange and its core native asset, KCS.

For the first time, KuCoin Community Chain made the headlines on April 28, 2021, when its testnet operations commenced with much fanfare. In June, 2021, first mainnet blocks of KCC were added while on July 16, 2021, new blockchain activated its first cross-network bridge. The bridge ensures seamless interoperability between KuCoin Community Chain, Ethereum and Polygon.

KuCoin Community Chain utilizes a novel consensus algorithm dubbed Proof of Staked Authority (PoSA) similar to the one used by Binance Smart Chain (BSC). It allows to on-board up to 29 validators. To become a validator, a KCC address should have its proposal supported by other active validators.

Once its stake is ranked in top 29, potential validator is added to the list of validators for the next epoch of KuCoin Community Chain mannet operations. If a validator fails to mine a block on time, other active validators who have not been involved in the past n/2 (n is the number of active validators) blocks randomly substitute him.

Like many other blockchains, KuCoin Community Chain needs at least 50%+1 fair validators to be active to continue its operations. That design allows KCC to combine 3 seconds block latency with high transactional throughput.

Being a fully EVM-compatible blockchain, KuCoin Community Chain easily on-boards decentralized applications migrating from Ethereum or BSC. KCC devs state that the costs of migration are negligible.

By Q4, 2021, KCC ecosystem includes blockchain explorer, application dashboard for dApps, DeFi Box module for decentralized finances and other instruments.

KCC is natively integrated with all mainstream EVM-focused wallets like Metamask, imToken, Shield and so on.

To boost the progress of the KCC community, the KuCoin team launched a grant program and ambassador program. From July, 2021, KCC-focused developers can apply for a grant needed for their dApps’ development and promotion.

Also, cryptocurrency and blockchain influencers can request a status of KuCoin Chain Ambassador. With this status they can be rewarded for spreading a word about KCC, its initiatives, instruments and decentralized applications. KCC community agenda includes hackathons, meet-ups and so on.

Last but not least, testnet explorer is available for research and development purposes. For experiments in KCC testnet, sandbox tokens can be claimed from the purpose-made faucets.

Since the KCC is among the youngest smart contracts platforms, its dApp ecosystem is still in its nascent stage. However, according to KCC Dapps Store tracker, it has already on-boarded decentralized cryptocurrency exchange, ‘yield farming’ instruments, memetic tokens, launchpads, and so on.

KCC list of the most popular services includes KuSwap, Shibance, KuKafeFinance, and so on.