Best Crypto Exchange with lowest fees

Klaytn (KLAY)

Purpose: open source blockchain for the metaverse
Website: https://www.klaytn.foundation

Price for 1 KLAY

0,1910 $

0,46 %

Rank: 78 - Market Cap: 0,59 bn $

Klaytn is a blockchain platform designed for businesses that offers features such as high throughput, low latency, and efficient consensus algorithms moreKlaytn is a blockchain platform designed for businesses that offers features such as high throughput, low latency, and efficient consensus algorithms. The platform provides benefits such as security, flexibility, and scalability for enterprises that need a reliable infrastructure for their operations. Klaytn aims to become the go-to platform for businesses that want to leverage the benefits of blockchain technology without the complexities of building their own blockchain from scratch.

One of the key benefits of Klaytn is its partnerships with major companies in various industries, such as gaming, finance, and e-commerce. These partnerships allow Klaytn to provide tailored solutions that cater to the specific needs of each partner, while also ensuring interoperability and compatibility across different systems.

The KLAY token is the native cryptocurrency of the Klaytn ecosystem and serves several roles. Firstly, it serves as a means of payment for transaction fees and other services provided by the platform. Secondly, it facilitates participation in the Klaytn governance system, allowing token holders to vote on proposals and decisions that affect the platform.

Another benefit of Klaytn is its focus on user experience and developer friendliness. The platform provides developers with easy-to-use tools and resources to build and deploy their decentralized applications (dApps) on the network. This allows businesses to quickly and easily leverage the benefits of blockchain technology without needing to invest significant time and resources into developing their own blockchain infrastructure.

Overall, Klaytn aims to provide a reliable and easy-to-use platform for businesses that want to leverage the benefits of blockchain technology. With its partnerships, focus on user experience, and native cryptocurrency, Klaytn is well positioned to become a leading platform for enterprise blockchain applications.

Sources:
- "Klaytn: A Feature-Rich Blockchain Platform for Business." Coin Bureau, 7 Dec. 2020, coinbureau.com/review/klaytn-klp/.
- "About Klaytn." Klaytn, klaytn.com/about.
- "Klaytn: A User-Friendly Platform For Enterprise Blockchain." Altcoin Buzz, 20 Apr. 2021, altcoinbuzz.io/klaytn-a-user-friendly-platform-for-enterprise-blockchain/. (AI generated summary)

Open Source
GameFi and art as main focus
Direct link to Open Sea
Interoperability thanks to EVM
Two thirds of all new coins are reinvested into the system

Ethereum Virtual Machine (EVM)
Klaytn API Services (KAP)
Cypress main chain, with side chains (service chains, SCN)
Uses Solidity as the programming language
Absolute Finality: no time window for reversibility, data is logged within one second