With concerns around the crypto industry’s potential impact on the environment increasing, Klaytn is committed to enhancing its POS-based PBFT consensus mechanism to improve efficiency. They claim that they believe in sustainability and scalability.
Klaytn is working to strengthen their scalability by enhancing their interoperability with the Ethereum Network.
It is well known that Klayten is focused on Enterprise-grade scalability. Several solutions providers tout as being enterprise-grade, when in reality, they are not. A true enterprise-grade solution should provide for the complex requirements of organizations.
Being able to handle data with speed, provide security, ensure seamless performance, make ecosystem integration possible, provide for global compliance, be cost-efficient, and scale.
Klaytn is the public blockchain project of Korea’s Internet giant – Kakao. Reportedly, Kakao Corp’s full suite of apps includes: KakaoTalk, KakaoStory, KakaoTaxi, KakaoAccount, KakaoMap, KakaoDriver, KakaoBus, KakaoMusic, KakaoGroup, KakaoHome, KakaoPlace, KakaoAlbum, KakaoPage, KakaoStyle, and KakaoAgit. This is just proof that the Klaytn is indeed enterprise grade.
The price of KLAY at the time of writing has been trending at 1.26 USD.
There is a technological partnership between Klaytn and ConsenSys. For clarity, ConsenSys is the software engineering leader of the blockchain space. Their full-stack Ethereum products help developers build next-generation networks and enable enterprises to launch more powerful financial infrastructure. Some of the world’s leading organizations like Hitachi, Microsoft, AWS, P&G are just a few to name enterprises benefiting from the Industry solutions offered by Consensys.
Klaytn and ConsenSys will work in technological cooperation to improve the performance of the Klaytn blockchain, providing for: “Privacy to reflect the rising concern around data protection among financial institutions. Scalability layer 2 solution to serve a large number of users without compromising speed. Interoperability to bridge multiple blockchains.”
Klaytn is set to participate in the Bank of Korea pilot CBDC optimization process.
On April 23, 2021, Klaytn expressed, “Beginning today, Klaytn will be partnering with Consensys to advance the development of Korea’s CBDC while working to strengthen Klaytn’s scalability by enhancing our interoperability with the Ethereum network.”
Klaytn (KLAY) Is Surely Enterprise-Grade for Blockchain Solutions and more areas like arts and collectibles, games, and marketplaces. KLAY is a native digital asset that fuels and secures the Klaytn protocol. It can be used in various ways, such as transaction fees, the medium of exchange, staking, collateral for secondary tokens, etc.
Klaytnscope allows you to find data by monitoring Klaytn’s network health and statistics and profiling blocks and transactions.
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