Former Steem devs believe CPU mining is the key to a fair launch for their 'blockchain 3.0'

In March, the crypto world saw the first instance of what many saw as a hostile takeover attempt of another blockchain.

Justin Sun, the founder of Tron, had acquired Steemit, Inc. and the Steem blockchain with it - or so he thought.

The new-old team set to design a blockchain from scratch, something of a Steem 2.0 that would fix all of its technical deficiencies.

Hard forks - the complete migration and restart of a blockchain - are needed to change even the most basic parameters.

While Koinos initially started as an alternative to Steem that would've drawn from existing codebases like EOS, the team realized over time that they had an opportunity to re-architect the "Third generation of blockchain."

Challenging the status quo of blockchain development.

Almost all of the key parameters of the blockchain, including the consensus algorithm, resource management and governance mechanisms will be implemented through smart contracts running on WebAssembly.

State paging "Clears" the blockchain of unused smart contracts and information.

State paging solves this by making each individual user responsible for storing their own data, even if it's done on centralized clouds like Amazon S3. The data stored off-chain can always be fully validated and reinserted into the blockchain at any point, just as if it never left.

Organic community interest is often the key for a successful blockchain.