Learn about Koii's mission to build a better Internet through blockchain payments to network hosts and a scalable decentralized architecture.
A New Incentive Model
Koii stands for Knowledgeable Open and Infinite Internet. Koii was founded in response to the need for a decentralized web that favors open source tools over walled gardens. There are hosting providers out there that have a good reputation and have built quality tools for their customers that keeps them coming back. This is great, but the issue comes when these providers become monopolies, quelling any viable alternatives. Koii seeks to disrupt this by incentivizing individuals to host data while keeping the hosting tools in the public domain. This model is called a CARP (Compute, Attribution, and Reputation Protocol).
Using the CARP model, potential hosts prove their trustworthiness by completing low-risk tasks and building up their reputation.
The benefits of this type of model are that no up-front investment is needed (thereby democratizing the network and helping to prevent a hostile buy-out), reputation reduces work replication (because trustworthy hosts can reduce the number of audits), and hosting purchasers can prioritize high-reputation providers.
The Koii Stack
The Koii stack is a blockchain-based ecosystem with a decentralized storage structure that empowers web app developers and compensates participants through its CARP protocol.
Let's break down each layer and its tools:
Koii created the Finnie Wallet, which offers developers cross-chain compatibility, NFT management tools, decentralized IDs, and attention tracking (a way to earn KOII tokens according to the amount of views and engagement the app or asset receives).
This portion of the SDK includes Koii-X, a toolkit that includes UI and app templates and integration of the Finnie Wallet features that ensure permanent ownership and storage of media.
Serverless hosting is enabled as participants deploy Koii nodes on their home computers. The nodes run "tasks", which are scalable microservices needed to execute a particular project. The scalability keeps costs down so users don't pay for more than they are using.
According to Koii:
Koii Tasks are off-chain computation, verified and submitted on-chain, then audited by other nodes. This unique structure of accountability allows Task nodes to perform a range of easily customizable services and provides the foundation for a highly transparent and trustless internet, without the scaling limitations of traditional blockchains.
On the settlement layer, consensus occurs in the K2 blockchain. It utilizes a fork of Solana to register and run computations and holds the KOII tokens and the transparent transaction history ledger.
On the final layer, the goal is to provide straightforward standardized storage options via IPFS and Filecoin directly into the Koii stack. web3.storage has already been integrated.
Fission + Koii
Fission and Koii share a common mission of creating tools that make building decentralized apps easier and more scalable for developers. Therefore, Koii has opted to leverage some of Fission's tools in its overall tech stack.
The WebAssembly tools Fission has built and included in the Webnative library contribute added security and a better developer experience.
At the moment, the Koii nodes will feature a built in hook for web3.storage, and Koii is working on implementing Fission's UCAN spec to ensure that this will be a consistent experience across other ecosystem projects! UCAN capabilities also complement decentralized IDs (UCANs are for authorization during browser sessions, DIDs are for authentication).
Finally, as Fission develops IPVM, improvements in content-addressed computation will lead to a more efficient use of the network and more revenue potential because of the ability to perform more complex tasks.
How to Get Involved
There are 45,000 devices signed up to participate in the Koii tasks network. Koii is working on giving those devices lots of jobs to do by providing the SDK, development tools, grants, and guidance from their team and the Koii community.
Koii hopes to eventually provide node operators with the ability to rent hardware from other providers and run larger tasks that provide more revenue. They are already working with IBM and a number of other providers on this front.
Learn more about Koii and how you can join the network by reviewing the Koii documentation.