This is the first of a series of articles aimed at unpacking the contents of KIRA Improvement Proposals 71-87. The first set of these articles will cover Group 1 of these KIPs, detailing the economic incentive structure for staked consensus nodes on KIRA. This article is about spending pools. The Spending Pool Module is designed for users to create, govern, and interact with spending pools. Spending pools enable token distribution between many accounts in accordance with simple claiming rules...

This is the first of a series of articles aimed at unpacking the contents of KIRA Improvement Proposals 71-87. The first set of these articles will cover Group 1 of these KIPs, detailing the economic incentive structure for staked consensus nodes on KIRA. This article is about spending pools. The Spending Pool Module is designed for users to create, govern, and interact with spending pools. Spending pools enable token distribution between many accounts in accordance with simple claiming rules...

In this article, we will explore the concept of Hypermodularity, define what “Modularity” actually means through simple analogies we can find in Web2, and how it relates to modern Web3 decentralized networks and application design. We will also have a closer look at the base layers to understand what happens in the physical world and learn about Metafinality (MF) which will be the stepping stone toward making both the monolithic and modular worlds interoperable between different ecosystems.TL...

In this article, we will explore the concept of Hypermodularity, define what “Modularity” actually means through simple analogies we can find in Web2, and how it relates to modern Web3 decentralized networks and application design. We will also have a closer look at the base layers to understand what happens in the physical world and learn about Metafinality (MF) which will be the stepping stone toward making both the monolithic and modular worlds interoperable between different ecosystems.TL...

The only constant in the broader crypto ecosystem is change - a realm of cyclical fluctuations where finding balance and staying true to one's principles can be challenging. As the sands of time shift, as old narratives and promises fade, axioms become evident and a new era of crypto starts to unfold. We are constantly in pursuit of the principles that endure through these changes. It has been quite some time since KIRA began its voyage through the interchain paradigm of the blockchain u...

The only constant in the broader crypto ecosystem is change - a realm of cyclical fluctuations where finding balance and staying true to one's principles can be challenging. As the sands of time shift, as old narratives and promises fade, axioms become evident and a new era of crypto starts to unfold. We are constantly in pursuit of the principles that endure through these changes. It has been quite some time since KIRA began its voyage through the interchain paradigm of the blockchain u...

Change is an integral part of the grand cycle of time. As we journey through this flat circle, various time-scales come into play – from hundreds of years, as demonstrated by the Rai stones, which stood as a physical prototype of distributed financial consensus long before Bitcoin, to mere years that mark the boom-and-bust cycles driven by Bitcoin halving. This journey swirling with memes and the technological discoveries that are inseparable from them serves as a testament to the complex and...

Change is an integral part of the grand cycle of time. As we journey through this flat circle, various time-scales come into play – from hundreds of years, as demonstrated by the Rai stones, which stood as a physical prototype of distributed financial consensus long before Bitcoin, to mere years that mark the boom-and-bust cycles driven by Bitcoin halving. This journey swirling with memes and the technological discoveries that are inseparable from them serves as a testament to the complex and...

The first and most important duty of a parent is to nurture their child towards independence. Similarly, the time has arrived for the KIRA project to embark on the next stage of its maturity. In our preceding articles, we outlined a fresh trajectory for the project and revealed the launch of "ChaosNet", a fully featured network that allows anyone to explore and assess the scale and direction of KIRA. Ensuring a fair distribution of its native staking token is crucial for the project's lo...

The first and most important duty of a parent is to nurture their child towards independence. Similarly, the time has arrived for the KIRA project to embark on the next stage of its maturity. In our preceding articles, we outlined a fresh trajectory for the project and revealed the launch of "ChaosNet", a fully featured network that allows anyone to explore and assess the scale and direction of KIRA. Ensuring a fair distribution of its native staking token is crucial for the project's lo...

At KIRA our top priority is to ensure continuous delivery of high-quality code releases - both those developed by our core team and those contributed by external collaborators - it's thus imperative to have an environment closely mirroring real-world conditions. A public-facing, decentralized network interacting with other public networks such as Bitcoin or Ethereum presents an ideal scenario. Traditionally public "testnets," however, do not always offer the appropriate incentives to the...

At KIRA our top priority is to ensure continuous delivery of high-quality code releases - both those developed by our core team and those contributed by external collaborators - it's thus imperative to have an environment closely mirroring real-world conditions. A public-facing, decentralized network interacting with other public networks such as Bitcoin or Ethereum presents an ideal scenario. Traditionally public "testnets," however, do not always offer the appropriate incentives to the...