Klaytn (KLAY)
- Category: Public Block chain
- Coin Launched: June, 2019
- Resources: White Paper
- Official Website: Klaytn
- Reddit: Klaytn
About Klaytn
Klaytn is a public block chain platform of the leading South Korean mobile platform, Kakao. Dedicated to validating the value and utility of block chain technology by providing a block chain service for mass adoption,
Klaytn provides an easy development environment and friendly user experience. Klaytn seeks to continue advancing the platform to offer block chain services for millions of users.
KLAYTN History / Information / Buying / Staking
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KLAYTN HISTORY
Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.
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HOW KLAYTN WORKS
Klaytn, in its own case, is a business-focused public blockchain project that combines the benefits of public blockchains, such as decentralised data & control and distributed governance, with the low latency and high scalability of private blockchains.
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BENEFITS OF USING KLAYTN
Some of the benefits of using Klaytn are:
LOW COST
All of the services offered by the nascent platform have a fixed unit price.
HIGH TRANSACTION SPEED
The design of the blockchain ensures that transactions on the platform are completed quickly.
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CAN YOU STAKE KLAYTN
Klaytn is enterprise-focused, it substitutes the commonly used Proof-of-work (POW), and Proof-of-Stake (POS) consensus mechanism with an enhanced version of Instabul Byzantine Fault Tolerance
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COINS SIMILAR TO KLAYTN
Direct competition to Klaytn which are considered similar coins are:
HEDERA
