Kylacoin is a decentralized cryptocurrency that operates outside the control of individuals, groups, banks, or governments. It can be obtained through mining, a process known as proof-of-work. With Kylacoin, anyone can buy and sell without the need for intermediaries like banks. It enables peer-to-peer exchange of value in the digital realm through a decentralized protocol and cryptography. Transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Similar to the US dollar, Kylacoin serves as a digital medium of exchange, utilizing cryptographic techniques and its protocol to verify fund transfers and control the creation of monetary units.