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KILOCOIN

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Kilocoin also know as KLC is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Inspired by and technically nearly identical to Litecoin (LTC),[1] Kilocoin creation and transfer is based on an open source protocol and is not managed by any central authority.

Kilocoin has set a limit of 25 Billion kilicoins to ever be in circulation over a period of 10 years’ time with maximum inflationary policy during that time of 10% per annum.

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Kilocoin is dedicated to running a clean stateless currency free of crime.

Kilocoin was released via an open-source client on GitHub on March 19, 2014 by Kilocoin, Inc (DAC). It was a fork of the Litecoin-Qt client, differing primarily by having an increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a modified GUI. Kilocoin which is based on Litecoin uses scrypt technology in its proof-of-work algorithm. The use of scrypt means that miners cannot use SHA-256 Bitcoin mining equipment, and that dedicated FPGA and ASIC devices used for mining are complicated to create. Compared with other cryptocurrencies Kilocoin has a fast initial coin production schedule: there has been approximately 10 billion mined as at April 2015 Like Bitcoin and Litecoin, Kilocoin functions using public-key cryptography, in which a user generates a pair of cryptographic keys: one public and one private. Only the private key can decode information encrypted with the public key;

Currently kilocoin can be exchanged for other crypto currencies

Price
Marketcap
Volume
Circulating Supply
Total Supply
  Bitcoin Litecoin Kilocoin
coin limit 21 Million 84 Million 10 billion
Algorithm SHA-256 Scrypt Scrypt
Mean block time 10 minutes 2.5 minutes 5 minutes
Difficult Target 2016 Block 2016 Block 288 Block
Initial Reward 50 BTC 50 LTC 159 KLC
Current block Reward 25 BTC 50 LTC 50 LTC
Block Explorer blockchain.info blockexplorer.com http://blockexperts.com/klc
Created By Satoshi Nakamoto Charles Lee Kilocoin
Creation Date January 3rd, 2009 October 7th, 2011 Feb 27th,2014
Circulating Supply as at
(Feb 1st, 2018)
16.8 million 55.2 million 196.3 million
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