You can easily deploy your own chain or join other chains on Klaytn without any technical knowledge. According to the White Paper, anyone can launch their own ecosystem on the platform.
As an ecosystem of a wide range of decentralized applications (DApps), Klaytn provides users with the opportunity to find or develop the right type of application for their needs.
Opportunity to build a community
What makes the platform attractive for many projects is that they can count on the help of the community and the Klaytn team itself. Gaming guilds, investment DAOs, DAO communities, launch pads, and alliances built with global players all make the Klaytn ecosystem powerful and efficient.
The ability to collect, clean, and analyze user data to better understand their behavior is a must in large-scale service operations. However, legacy business intelligence and data analysis tools will soon face severe limitations in highly distributed environments such as blockchain networks. Klaytn provides smoother compatibility with existing data processing tools, and in the near future, Klaytn will offer proprietary analytics specifically designed to simplify BApp operations.
Klaytn developers strive to offer the highest performance and most productive environment that caters to a wide range of engineering audiences, from micro-startups to enterprise divisions.
Klaytn combines the best features of both public blockchains (decentralized data and control, distributed governance) and private blockchains (low latency, high scalability) through an efficient hybrid design.
The project supports DApps in a variety of areas, including digital asset management, art collecting and trading, game development, and decentralized exchanges. With this versatility, Klaytn has caught the attention of institutional investors such as Humanspace, Wemade Tree, and Piction Network.
The Klaytn platform from the South Korean company Kakao provides users with convenient access to the blockchain. The blockchain project was developed by the "Ground X" division. The main purpose of the project is to combine the best features of public crypto networks (decentralized control and data management) and private ones (transaction speed, high scalability).
Klaytn has attracted other companies involved in the development of blockchain-based technologies to develop its project. Entrepreneurs and enterprises using the platform increase productivity and ease of doing business in various fields (medicine, transport, services, etc.). The developers have provided an open source code, which allows you to constantly make changes and improvements.
The Klaytn ecosystem offers the introduction of blockchain technology in all areas of business. The emphasis is on efficiency and scalability of work. The KLAY token operates within the system, allowing mutual settlements within the network.
Initially, 10,000,000,000 tokens were issued, and then it is possible to “mint” new ones using mining with a block reward of 9.6 KLAY.
Staking allows you to keep the network running using frozen wallet funds and receive rewards for this. In order to take part in it is necessary to open a deposit (minimum amount is at least 5,000,000 KLAY). Profit results are displayed to participants every 84,600 blocks issued. To withdraw your assets, you must wait a week from the date of application.
Given the high growth in the popularity of the project, farming can be used as a good way to earn money.To do this, you need to open an account on the exchanges where it is available and deposit tokens into the account. The exchange pays interest to investors for attracting and using tokens. After the listing, the popularity of the digital asset may grow, which will allow you to earn not only on interest, but also on price growth. Farming also helps the company move into the cryptocurrency environment, making it popular.
Coins can be stored on software and hardware wallets. The Klip messenger from KakaoTalk has a built-in multi-currency wallet that supports KLAY tokens and other cryptocurrencies. It allows users to make payments within the network. The Klip smartphone app is a popular messenger in South Korea, similar to WhatsApp and Viber.
For computer versions, the Kaikas wallet has been developed that works on Google Chrome and Mozilla Firefox browsers. It has all the convenient and necessary tools for working with the Klaytn network.
"Service Chain" – allows businesses and private users to create their own blockchain with the ability to integrate into the Klaytn network. This direction is also called “hybrid blockchain”.
Blockchain App (BApp) is a technological part of the Klaytn ecosystem that helps companies integrate blockchain technology using ready-made applications.
The company has developed a roadmap. Plans are being implemented according to the specified deadlines. Based on this approach, the following changes can be expected in the near future:
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