KILT Transitions to a Fully Decentralized Network

The time has finally arrived! As of 4:14 pm CET today, KILT is a fully decentralized blockchain network. This means that BOTLabs GmbH, the company behind the development of KILT Protocol, has handed over decision-making to the community. From now on, KILT will be run via a sophisticated system of governance in which any KILT Coin holder can propose changes to the network that can be voted on by the community. This level of decentralization is what makes Web3, the next generation of the internet, truly fair and exciting.

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