Klaytn KLAY Price 0.12062929

What is Klaytn? Klaytn is focused on the metaverse, gamefi, and creator economy. Klaytn offers an end-to-end metaverse package that includes customized L2 solutions, SDKs and smart contract libraries, IPFS solutions, wallet, chain explorers, oracles and bridges. Klaytn uses a version of Istanbul BFT that enables transactions to achieve absolute finality within a second, allowing for responsive user experiences and enabling use cases where near-instant and irreversible finality is necessary. There is a chance that a transaction can be reversed. They are unsuitable for mission-critical applications. One of the emerging standards for the metaverse is EVM. Klaytn's technical stack is similar to the ethereum stack. To build on top of existing ethereum clients and interface libraries to inherit any improvements made to their open-source codebases. The Klaytn Improvement Proposals can be used to contribute to the other ecosystems. Klaytn has a different take on decentralization. The GC members form a compact validator network that is able to deliver the benefits of a public ledger while maintaining the performance of a permissioned one. One of the leading solutions for scaling is the hub-and-spoke model. Klaytn's spokes can be tailored for specific requirements. Klaytn has set aside $1 billion to support the platform's growth. The Klaytn Improvement Reserve is for tools and services that improve the Klaytn network. Projects with high potential for positive impact on Klaytn are eligible for the Klaytn Growth Fund. Builders of smart contracts that contribute to the growth of on-chain activities will be rewarded with the Proof of Contribution. Industry giants such as Japan's GMO Internet Group, Indonesia's Salim Group, and mobile gaming giants Netmarble and WeMade are our partners. Klaytn was launched by GroundX, a subsidiary of the largest mobile platform in Korea. The native digital asset KLAY is used in the Klaytn protocol. Klaytn was launched with 10 billion KLAY and 2.6 billion KLAY coins. The Klaytn Governance Council Reward is 34%. Klaytn Growth Fund is a type of fund. Klaytn Improvement Reserve is 12%. KLAY can be traded on a number of exchanges.