KuCoin, one of the world’s top cryptocurrency exchanges, announces that their KuChain team is bringing Kratos beta network to the next stage of development. The team shares gratitude with the community who participated in the beta launch.
The official statement on KuCoin’s blog assures the community that the Kratos beta laid the foundation for important developments that are taking place on KuChain.
With that said, KuCoin Community Chain (KCC) officially made its way into stable development and is expected to deploy in the first half of 2021.
KCC is a high caliber decentralized public blockchain created by KuCoin. The reason behind this technology is to provide a more seamless and efficient experience for people who want to interact with the blockchain.
KuChain was proudly developed based on Ethereum. Therefore, KCC will be completely integrated with Ethereum and will be ERC-20 compatible. It’s important to note,however, that KuCoin Token (KCS) will still be the sole payment accepted for gas on KCC.
KuCoin extends gratitude to their community, and are eager to share updates as the development process continues.
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 6 million users in 207 countries and regions around the world. In 2018, KuCoin has secured $20 million in Round A funding from IDG Capital and Matrix Partners.