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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.

While bitcoin is the gold standard, and litecoin the silver, kilocoin is designed to find its place as the electronic copper — with each coin set initially at .01 per coin. Kilocoin envisions great upside potential from this starting rate reaching the value of one kilo of copper per kilocoin within the decade. However, Kilocoin is in negotiations to acquiring untapped gold reserves in Venezuela in exchange for kilocoins which will in turn give intrinsic value to kilocoins and buying from the same company a patent pending license enabling us to make kilocoins fungible between the web and p2p. Kilocoin according to Crypto Coin News is affiliated with Kilocoin, Inc, which appears to be the first DAC formed in the "Decentralized Anonymous State."

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

0.001478
Price
290087.0
Marketcap
1436.7
Volume
196297971.0
Circulating Supply
10025186872.0
Total Supply

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Bitcoin Litecoin Kilocoin
coin limit 21 Million 84 Million 25 Million
Algorithm SHA-256 Scrypy Scrypy
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 block explorer.com klc.cryptocoinexplorer.com
Created By Satoshi Nakamoto Charles Lee Kilocoin
Creation Data January 3, 2009 October 7,2011 Feb 27th,2014
Coins Mined(as of 8 April 2015) 1402911667 37984800 10013105152
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