Klaytn is an open-source blockchain created by South Korean internet giant Kakao. The blockchain is designed with an end user-focused approach and is developer-friendly, making it adoption fairly easy for everyone. Klaytn was launched in 2019 as a layer 1 and is run by a Governance Council, which consists of various DAOs.
Apart from supporting an extensive list of dapps in its ecosystem, the Klaytn Foundation offers a multitude of funds and programs that amount to $1 billion to help potential projects grow.
Klaytn is built with a theoretical speed of 4000 transactions per second and 1 second absolute finality. To do this, the blockchain employs a special consensus algorithm that combines the best of both PoW and PoS worlds. To elaborate, PoW is used in initial block validation and PoS in final block confirmation. This dynamic system makes Klaytn fast, scalable, efficient, while maintaining great security.
KLAY is the main token of the Klaytn blockchain. The total supply of KLAY is 11,011,813,057, and the circulating supply is 3,089,355,150.
Consider investing in Klaytn (KLAY)? It only takes 2 minutes to create an account on Bitget and start trading KLAY.
Check out the available KLAY trading pairs on Bitget!
Spot market
Official Blog