More detail: https://bitscreener.com/coins/kobocoin
Similar to bitcoin, Kobocoin (Symbol: KOBO) is a cryptocurrency and payment system with an African heritage. All nodes verify transactions in a public decentralized ledger called the blockchain. The ledger utilizes its own unit of account, also called Kobocoin(s). The Kobocoin blockchain is decentralized, to independently verify the chain of ownership of every Kobocoin amount. The wallet on your device is a node which runs to secure the security and integrity of the blockchain together with all other nodes. There is no central database. This is the distributed nature of the Kobocoin ecosystem. In the Kobocoin ecosystem, every participant who holds a funded wallet becomes a stakeholder. This entitles them to freshly minted Kobocoins as a reward for contributing to maintain the integrity of the blockchain. Stakeholders are rewarded with freshly minted Kobocoins until the full allocation is in circulation. From then on, all rewards will be based on the transaction fees produced within the ecosystem.
