🖥️Technical Details

3.1 Blockchain and Smart Contracts

3.1.1 Blockchain Foundation

KUSA is initially built on the Ethereum blockchain, leveraging its security and widespread adoption. However, recognizing the need for scalability and interoperability, we have strategic plans to migrate to a multichain solution in the future. This move aims to enhance the platform's efficiency and accommodate a broader range of users.

3.1.2 Smart Contract Utilization

Smart contracts play a crucial role in ensuring the integrity and transparency of KUSA's operations. Primarily used for deposits and withdrawals, they also facilitate the recording of token prices when a prediction pool concludes. The offchain logic is complemented by on-chain events, guaranteeing fair distribution of funds to the winning participants. Additionally, smart contracts act as a bridge, holding $KUSA tokens and updating users' offchain balances based on relevant events.

3.2 Multichain Migration

The decision to move to a multichain solution is driven by our commitment to scalability and adaptability. While Ethereum provides a robust foundation, we aim to explore other blockchains that offer improved scalability, reduced transaction costs, and interoperability with diverse ecosystems.

3.2.1 Benefits of Multichain

• Scalability: Multichain architecture enables parallel processing, enhancing the platform's ability to handle a higher transaction throughput.

• Interoperability: Seamless interaction with various blockchains fosters a more connected and versatile ecosystem.

• Reduced Transaction Costs: Exploring alternative blockchains can potentially reduce transaction costs, ensuring a more cost-effective experience for users.

3.3 Smart Contract Utilization

Smart contracts serve as the backbone of the KUSA platform, orchestrating crucial processes that underpin user interactions and transactions.

3.3.1 Deposit and Withdrawal

Smart contracts handle user deposits, ensuring a secure and transparent process. Withdrawals trigger a backend transfer from hot wallets to users' wallets, updating their balances accordingly.

3.3.2 Price Recording and Distribution

Smart contracts record token prices at the conclusion of prediction pools. This information is critical for determining winners and fairly distributing funds. The use of on-chain events ensures trustless and tamper-resistant results.

3.3.3 Bridging to Offchain Currency

The smart contract acts as a bridge for $KUSA tokens, holding them on-chain and updating users' offchain balances based on relevant events. This mechanism ensures the seamless flow of funds between on-chain and off-chain environments.