We are excited to announce the soon listing of KAPU, the coin of Kapu platform that aims to preserve the finds all around the world using the Blockchain technology.
History of the coin
The Capua coins (KAPU in oscus alphabet) were forged during the Second Punic War (218 BC) in one of the few cities in Italy that decided to ally with Hannibal to fight Roman hegemony. Capua had definitively interrupted relations with Rome and, in order to finance its expenses, forged and spread the coin along Atella and Calatia. Coins were forged with all three metals (bronze, silver, gold), but Capua was the only one of the three cities to issue precious metal coins. KAPU was also famous for its gladiatorial school that, along Rome and Pompei, represented the excellence of the empire’s schools. There were solely gladiators with a great stature and strength and they were trained to give birth to bloody spectacles to entertain the people and aristocracy. During these spectacles the man who was defeated, not only lost the match, but also life. It is precisely in this context that the imposing name of the gladiator Spartacus distinguished itself, who, forced to fight inside the Amphitheater Campano, he led the revolt of the slaves in 73 AD.
Another peculiarity of the city was to make and maintain multiple copies of the city’s popular records and to deploy them geographically at various places throughout the territory in order to preserve the integrity of the information. Historically speaking, it might be unsuitable but we could say that the first BlockChain of the world was born in Capua and it’s from this teaching that we can be inspired in order to preserve our history. From this philosophy come out KAPU, which, as a cryptocurrency based on the DPOS system, aims to make the history trackable, reachable and accessible to anyone, so people can see everything that contributed to building and enhancing the history of humanity.
How it works
Delegated Proof of Stake is a method for securing a cryptocurrency network, processing transactions and achieving a distributed consensus regarding the ownership of funds without the need for a central authority. It is a variant of the Proof of Stake system, which itself was developed in order to reduce the cost and inefficient electricity usage associated with Proof of Work systems such as the one used by Bitcoin. The DPOS method, developed by Daniel Larimer and implemented for the first time by the Bitshares blockchain, diverge from the POS system. The difference between a POS system and a DPOS system is that POS involves the participation of the entire network to validate a transaction whereas DPOS involves only a limit number of delegates. These delegates perform the function of validating transactions, maintaining the blockchain and take the transaction fees as profit.
Within this transaction validation system, each delegate receives a reward in KAPU coin, in the form of transaction fee, in order to cover the operating costs needed to keep in efficiency conditions forgetting nodes (to which transaction verification is delegated) as well as maintaining the KAPU network in safe conditions. If delegates should conduct their job incorrectly or take advantage of their own authority, the votes may be revoked by voters and assigned to a new delegate. This system can guarantee the security of the network within a representative democratic logic.
The KAPU project is also inspired by some innovators in this field like LISK, SHIFT, ARK in order to create the first archaeological blockchain and to gather information about history, finds, ancient artefacts and finally make them usable by the entire community.
Visit company’s website to learn more about KAPU.