Enterprise-grade, service-centric platform that combines the best features of both public and private blockchains
What is Klaytn?
Klaytn is a high-performing and highly scalable blockchain platform built for businesses. The network aims to give the businesses the chance to integrate their technical infrastructure with blockchain technology. Klaytn uses Istanbul Byzantine Fault Tolerance (IBFT) Proof-of-Stake (PoS) consensus mechanism. Klaytn also recognises Proof-of-Contribution (PoC) which compensate contributors. Klaytn comes in handy for business development and at the same time, has low transaction fees.
KLAY token is the native token for Klaytn blockchain. It is used for every transaction and secure the network.