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Season 2Episode 78

Koinos Account Protocol

August 12, 2023
38m
2 Guests

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About This Episode

In this episode of DevNTell, Narb sits down with Kui He and Luke Willis to explore the Koinos Account Protocol (KAP). The presenters detail how KAP addresses the user experience barriers in Web3 identity systems by offering free human-readable names and account abstraction. By leveraging the Koinos blockchain’s unique 'Mana' system, KAP enables decentralized applications to subsidize transaction costs, creating a 'tokenless' onboarding experience for non-crypto-native users. The session includes a deep dive into the protocol’s architecture, its freemium business model, and a live demonstration of name registration.

Key Takeaways

1

KAP is designed to make Web3 onboarding as frictionless as Web2 by offering free usernames and gasless interactions.

2

The protocol is built on three pillars: a user-friendly Name Service, Smart Wallets with native account abstraction, and Tokenless Access.

3

The 'Mana' system on Koinos allows users to perform transactions by locking tokens temporarily, which regenerates over time, unlike traditional gas fees.

4

KAP employs a freemium business model, where 90% of names are free and 10% are premium (shorter characters), similar to Web2 success strategies.

5

The roadmap for KAP includes B2B features, allowing other developers to control their own custom namespaces (e.g., .game or .app) using KAP infrastructure.

Featured Guests

LW

Luke Willis

Co-founder @ Koinos Account Protocol

Koinos Account Protocol
KX

Kui Xi He

Co-founder @ Koinos Account Protocol

Koinos Account Protocol

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