Klaytn is a blockchain platform developed by Ground X, a subsidiary of the South Korean internet giant, Kakao. It aims to provide an easy and user-friendly environment for businesses and developers to build blockchain-based services. Klaytn focuses on enhancing user experience and mass adoption by offering high transaction speeds and low latency.
Klaytn utilizes a hybrid design that combines aspects of both public and private blockchains. Its consensus algorithm is called Proof of Contribution (PoC), where participants are categorized into various roles such as consensus nodes or ranger nodes. This setup allows for efficient scalability, ensuring a wide range of applications can be built on the platform.
Klaytn has gained significant interest from various industry leaders and partnerships, including Samsung, LG, UnionBank, and many more. By introducing a simple design and a robust ecosystem, Klaytn aims to accelerate the mainstream adoption of blockchain technology.
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