KRNC Labs

Cryptocurrency you already own.

Funded by @NSF. Featured in @PopularMechanics + @CoinDesk.

[KRNC Labs @KRNCinc]

The KRNC blockchain is now officially funded by the National Science Foundation!

Get the details in our blog post.

https://t.co/IhHvwmMmd9

[KRNC Labs @KRNCinc]

"The Handicap Principle" is a myth.

A reliable signal doesn't have to be costly.

Zero-cost signaling is possible... as long as *spoofing* a signal is expensive.

[KRNC Labs @KRNCinc]

@RompHenry @ASimpleMan20 False. You could try not to update, but the miners would be able to use their hashing power to degrade network performance and/or double spend on the original 21M chain.

To counter that, you could hard fork the original 21M chain to replace SHA-256. But...

[KRNC Labs @KRNCinc]

Myth: There can only ever be 21 million Bitcoin.

Reality: The "21 million" cap is a promise that the economic agents who control the Bitcoin network will have an incentive to break.

[KRNC Labs @KRNCinc]

@branzinho9 @ClintEhrlich @kamaro751 Yes, you will be able to trade fUSD for other cryptocurrencies – both on the KRNC blockchain and on other chains via IBC and other bridges.

[KRNC Labs @KRNCinc]

KRNC: Adapts state-of-the-art signaling theory to computer science for the first time

Bitcoiners: "U R Dumb, Shitcoin"

[KRNC Labs @KRNCinc]

@IronMetabolism @ClintEhrlich KRNC isn't controlled by any Central Bank.

It puts power in the owners of U.S. Dollars: you, the people.

[KRNC Labs @KRNCinc]

@0xbluecow @ClintEhrlich Our company does not collect your banking data.

We simply verify your past USD balance and issue you fUSD.

[KRNC Labs @KRNCinc]

@belikemitch @ClintEhrlich Yes, KRNC received a SBIR grant from the U.S. National Science Foundation.

[KRNC Labs @KRNCinc]

👀👀👀

[KRNC Labs @KRNCinc]

@FrancisPSantora You're getting it. 👍

[KRNC Labs @KRNCinc]

👀

[KRNC Labs @KRNCinc]

Somebody's stalking our IP portfolio 👀

[J Nicholas Gross @JNGross]

Lots of #patent filings in #cryptocurrency by cos large/small shows increased focus on IP:

@Gemini - stablecoins
https://t.co/GvyfrY6P1J

@mythicalgames - game NFTs
https://t.co/h1ng32AVN4

@coinbase - platform
https://t.co/cufLryvckI

@krncinc - staking
https://t.co/ZEpaDQdTG0

[KRNC Labs @KRNCinc]

What's the better name for KRNC's native asset?

[KRNC Labs @KRNCinc]

Haters gonna hate. #KRNC

[Hugo @hugomofn]

@ClintEhrlich Lol, a literal extension of the fiat system.

It doesn’t matter who your rich holders are, they exist and exert perpetual control. Just like fiat.

Without sunk & irretrievable cost, your so-called stakes or balances are just smoke and mirrors. Same clowns different circus.

[Clint Ehrlich @ClintEhrlich]

Turns out it's pretty fun to create your own cryptocurrency and send it to your friends.

At least, I'm really getting a kick out of it. #KRNC

[Clint Ehrlich @ClintEhrlich]

KRNC is the first blockchain that brings smart contracts and DApps to everyone with online banking.

It's a hard-fork of fiat money: if you have USD, you automatically own *forked* USD on the network.

Finally, a blockchain the public can start using without buying any coins.

[KRNC Labs @KRNCinc]

#KRNC test network is officially live.

One small step for our blockchain.

One giant leap for Proof-of-Balance technology.

[Max Novendstern @mnovendstern]

Great thread by @ClintEhrlich: Sybil resistance is *especially* interesting at scale

[KRNC Labs @KRNCinc]

@worldnetwork = Communist

#KRNC = Capitalist

[KRNC Labs @KRNCinc]

We've just been issued a U.S. patent on Proof-of-Balance. 👀

It's a new blockchain technology that *eliminates* the need to purchase tokens to pay for gas. 🔥

Instead, everyone with online banking can start using smart contracts & DApps for free! 🤯