What is Klaytn (KLAY)?

The Klaytn blockchain was initiated by the South Korean big tech company Kakao to be the backbone of their services. Kakao is one of the largest South Korean companies and combines several services such as social media, banking and ride haling. Even though the blockchain has launched in 2020, there are already over 60 decentralized and centralized apps in their ecosystem. The development of the blockchain is not centrally controlled by Kakao, but by a governance counsel consisting of 30 crypto and non-crypto companies, such as Binance and LG but also Kakao.
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KLAY
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Cryptohunt's Opinion

Our take on Klaytn

In contrast to the failed attempt by Facebook (now Meta) to establish an own blockchain, the South Korean big tech company Kakao was more successful. However, unlike Libra (Meta's project), they did not create a stable coin, but a volatile coin. Even though Klaytn has not been used very much yet, there are some signs that could increase its usage in the future. Klaytn is expected to become the backbone of services from Kakao and the South Korean economy. In addition, Klaytn has recently partnered with Opeansea, so NFTs on the Klaytn blockchain may soon be offered on Opensea's marketplace.
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What makes Klaytn special?
Klaytn is a on its own, uses to validate transactions, and is. Klaytn also supports.

Interesting facts about Klaytn

Here are some facts you may not already know about Klaytn. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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The Klaytn Governance Counsel decides over the future development of the Klayton blockchain and consits of 30 companies.

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Klaytn uses a restricted proof-of-stake method, in which a pre-selected set of validators confirm the transactions.

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The Klaytn Blockchain was initiated by the South Korean tech giant.

Klaytn reviews from the cryptohunt community

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Klaytn price and insights

See how much Klaytn is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
No reviews yet
0% feel totally fine about Klaytn today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
31,128
3% of them are active
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Klaytn, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
-
# Active Discord members
-
# Telegram members
31,128
# Active Telegram members
848

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