The Kuva Network (kNET) is a blockchain ledger and protocol which incorporates satisfaction and
performance measures from verified transactions by end-users to determine its strategic governance.
There are three key participants in the Kuva Network: Strategic Governance, Licensed Service Providers
and Infrastructure Providers. Licensed Service Providers provisioning off-network ad-hoc services for
end-users of kNET, such as fiat cash-outs, bank payments, payment cards, cryptocurrency asset
exchange and the like, are collateralized and participate in determining the strategic governance of the
network.
By incorporating collateralized and bonded ‘masternodes’ along with Proof-of-Work confirmation and
transaction finality by collateralized miners, kNET supports counterparty-protected exchanges and
swaps of assets across completely independent cryptocurrency networks.
The native currency of kNET, in which all network-related fees are paid, is known as the KUVA ‘Util’.
This is a mineable cryptocurrency, for which the total unspent circulating/generated amount never
exceeds 1.2 Billion (1,200,000,000) KUVA.
This paper describes the key features of kNET as well as our approach to safely launch, by building up
a network called the ‘Apex’ to a critical number of collateralized nodes, prior to enabling full public
operation of its infrastructure.
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