Kaia native coin - KAIA
KAIA
KAIA is the main internal transferable cryptocurrency of Kaia and is used to pay transaction fees when creating or executing smart contracts or when transferring KAIA.
KAIA is a necessary element--a fuel--for operating the Kaia distributed application platform. It is a form of payment made by the clients of the platform to the consensus nodes (CNs) executing the requested operations. To put it another way, KAIA is an incentive; it ensures that developers write high-quality applications (wasteful code costs more) and that the network remains healthy (CNs are compensated for the resources they contribute).
Units of KAIA
Kaia uses the following unit system for KAIA.
keiis the smallest currency unit.- A
Gkeiis 10^9 kei. - A
KAIAis 10^18 kei.
| Unit | kei value | kei |
|---|---|---|
| kei | 1 kei | 1 |
| Gkei | 10^9 kei | 1,000,000,000 |
| KAIA | 10^18 kei | 1,000,000,000,000,000,000 |