Klaytn, also known as Klay, is a public blockchain platform providing an ecosystem for using and developing Decentralized Applications (DApps). In 2019 Kakao created Klay, a leading South Korean mobile platform. As it can be seen on Klay’s website, the Klay network is meant to be the ground for all blockchain services. Klay is intended to provide users and developers with a platform to use and develop any DApp. It also encourages entrepreneurs and businesses to develop Blockchain Applications (BApps) and has gained the trust of numerous reputable brands to ensure a credible business platform. According to its CEO, Klay is an open-source project similar to Facebook’s Libra network. However, the difference between Klay and Libra is that Klaytn is “more advanced.”
What is Klaytn?
Klay is an enterprise-grade, service-centric platform which aims to bring a user-friendly blockchain experience to all. It doesn’t matter if you are a micro startup, an enterprise division, or a simple user. You will find what you are looking for on this platform. Klay possesses both public and private blockchains’ best features. This means Klay enjoys decentralized data and control and distributed governance, as well as low latency and high scalability. Klaytn’s mission is to use blockchain to bring decentralization all over the globe. Additionally, this unique platform has already succeeded in captivating the eyes of several reputable brands.
Despite possessing a large market capitalization, Klaytn is only available on a few exchange platforms. So finding a reliable exchange may be considered a challenge. But worry not! Bitunivex has made it possible for you to trade Klay easily.
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Klaytn: Roots and History
Jaesun Han, Korean entrepreneur, founder, and CEO of GroundX, is the person behind Klay. Han holds a Ph.D. in electrical engineering and computer science from the Korea Advanced Institute of Science and Technology. He has launched many startups since 2007 and is now one of the most successful Korean entrepreneurs and a prestigious adjunct professor at KAIST.
Why Choose Klaytn?
As they claim in the Klaytn platform, if you don’t have any cryptography knowledge or are new to the Blockchain world, Klay is just the right platform for creating your token. You can join chains or, even better, deploy new chains of your own without any knowledge of cryptography or Blockchain technology. You won’t need any expert consultant to create your token with this platform. With Klay, it is simple. You can go on the platform and create it!
If that is not enough for you to invest in Klay yet, then continue reading because the following paragraphs will present you with even more fascinating features of Klaytn. So, go on to know more about your new favorite crypto investment.
Klay’s ecosystem of decentralized applications allows businesses and entrepreneurs to develop apps according to their needs. The unrestricted app publication policy on this platform provides users with virtually unlimited use cases.
Additionally, because of the ecosystem that Klaytn provides for developers of decentralized applications, this platform supports DApps with various uses, from digital asset management, art collecting, and trade to game development and decentralized exchanges.
Klaytn’s unique features and adaptability have enabled this platform to attract the attention of institutional investors like Humanspace, Wemade Tree, and Piction Network.
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