What is Kira Network and how does it works?
Kira Network: Finality Gadget for Blockchain-less Applications and Rollups
Para la versión en español de este artículo, haga clic aquí.
Kira Network emerges as a key figure within the Cosmos ecosystem, offering a unique approach to blockchain technology. This article aims to clarify how Kira Network provides essential blockchain features to applications that are not originally based on this technology, and how it optimizes transactions through rollups.
At the heart of Kira Network lies the Multi-Bonded Proof of Stake (MBPoS) consensus mechanism. This system allows users to participate in the staking of a wide range of digital assets, beyond the native cryptocurrency. This approach deviates from traditional staking models, allowing for greater flexibility and participation. Kira’s integration into the Cosmos ecosystem also facilitates interactions between different blockchains, thus enhancing its interoperability and ability to adapt to various applications and services.
But what does it mean for Kira Network to act as a gadget? In the software world, a gadget can be considered an add-on that introduces specific functionalities to an existing system. In this context, Kira Network introduces key blockchain features, such as immutability and transaction finality, to applications that do not have their own blockchain infrastructure. This means that applications without validators or the technical complexity of a blockchain can benefit from the advantages of this technology, such as security and transparency, thanks to Kira.
Finality, a key concept in blockchain, ensures that confirmed transactions are permanent and irreversible. Kira Network brings this critical property, guaranteeing the integrity and reliability of transactions within its network. This feature is especially valuable for maintaining trust in the system.
Rollups play a crucial role in the efficiency of Kira Network. They work by bundling multiple transactions into one, significantly reducing the load on the network and allowing for a larger volume of transactions to be processed more quickly and at lower costs. This technology is essential for Kira, especially considering its multi-asset staking model and cross-chain functionalities, which could otherwise generate a large number of transactions. Implementing rollups helps keep Kira Network efficient and accessible, enhancing its appeal to both users and developers.
In summary, Kira Network positions itself as a facilitator within the blockchain ecosystem, allowing applications without their own blockchain infrastructure to incorporate fundamental characteristics of this technology and improving transaction management through rollups. Its integration into Cosmos and the use of MBPoS reinforce its capacity to offer flexible and secure services in the blockchain domain.
DragonStake is a validator on major proof of stake networks. Among the blockchains it operates are Cosmos, Evmos, Polkadot, Kusama, Avalanche, Ethereum, and Kava. The team is focused on blockchain security and specializes in non-custodial staking. This network validator has been operating since 2017 in the cryptocurrency market and has been present in the genesis block of several recognized chains. This validator team is highly committed to network governance, participating in votes and encouraging clients to participate.
