Klaytn KLAY
$0.18906 5.54%
Latest Updates
Updated at 18:07$697,411,408.25
#112
$14,451,198.59 65.72%
+$0.01047 5.54%
+$0.03094 16.37%
What about Klaytn?
Klaytn (KLAY) is an open-source blockchain platform developed by South Korean tech giant Kakao. It was designed to offer high performance and scalability while maintaining decentralization.
Kakao, which operates the popular messaging app KakaoTalk, created Klaytn to address the limitations of existing blockchain networks, such as slow transaction speeds and congestion. The platform uses a hybrid consensus mechanism that combines proof-of-work (PoW) and practical Byzantine fault tolerance (PBFT) to achieve faster block times and greater throughput.
Klaytn is also designed to be developer-friendly, offering a range of tools and resources to help developers build decentralized applications (dApps) on the platform. These include a smart contract development kit (SDK), a block explorer, and a wallet.
One of the major advantages of Klaytn is its partnership network. Kakao has teamed up with a number of major companies and organizations to create a robust ecosystem of dApps and services on the platform. These partners include LG, UnionBank of the Philippines, and the Seoul Metropolitan Government.
Klaytn also has its own native token, KLAY, which is used for transactions, yield farming, and minting NFTs.
Buy Klaytn Without Any Hassle
Trending
+$8.8207 41.46%
+$0.000004086 32.35%
+$24.047 30.19%
+$0.00191 28.76%
+$0.00614 27.42%
+$4.8085 26.37%
+$0.5477 24.75%
+$0.02206 23.81%
+$3.482 21.69%
+$0.00046 21.52%
FAQ
What determines the price of Klaytn?
What was the starting price of Klaytn?
What was the highest price of Klaytn?
What was the lowest price of Klaytn?
Related articles about Klaytn
Subscribe to our newsletter to get the latest crypto insights and price updates.