KLAYTN is a blockchain developed by Ground X, a subsidiary of Kakao, a South Korean mobile technology company. It aims to provide an efficient blockchain platform for developers and enterprises by offering them easy-to-use development tools and high scalability for decentralized applications. It uses the native KLAY cryptocurrency as a means of payment for transactions on the blockchain.
How does Klaytn work?
KLAYTN operates using type consensus BFT (Byzantine Fault Tolerance) to validate transactions on the blockchain. Validation nodes are selected based on their corners property KLAY and their technical performance, to ensure high safety and reliability.
Developers can use a set of tools and libraries to build decentralized applications on KLAYTN, including a dedicated programming language called “Cavern”. Applications can use corners KLAY for transactions and payments, and can also use smart contracts to manage application rules and logics.
KLAYTN also has an application layer called “Klaytn Governance Proposal System” (KGPS) which allows users to propose changes to the platform and vote for proposed improvements. This helps make KLAYTN a decentralized and democratic platform.
The best blockchain for gaming?
KLAYTN is specially designed for decentralized gaming applications, as it was developed by Ground X, a subsidiary of Kakao, a South Korean mobile technology company that has also developed very popular mobile games in Asia. Games are one of the earliest adopters of blockchain technology, and KLAYTN offers tools and features that meet the specific needs of game developers, such as scalability, speed, and ease of use.
Decentralized games (or “blockchain games”) use blockchain technology to manage in-game properties and transactions, allowing players to own and transfer unique digital assets, such as game characters, collectibles, virtual fields, etc. KLAYTN allows developers to create games that use coins KLAY for transactions, and which can also use smart contracts to manage game rules and logics.
In addition to this, KLAYTN also has decentralized governance features that allow users to propose changes and vote for proposed improvements, this helps make KLAYTN a decentralized and democratic platform that is user-friendly.
The Ni no Kuni Saga: Cross Worlds
Ni no Kuni: Cross Worlds is an online role-playing game developed by Level-5, a Japanese video game company. It is based on the series of games Ni no Kuni, which is a popular RPG developed by Level-5 and published by Bandai Namco. It is deployed on the KLAYTN blockchain and will be a decentralized game. The game is available on iOS, Android and PC.
In Ni no Kuni: Cross Worlds, players will explore an open world and engage in real-time combat against monsters, while solving puzzles and exploring dungeons. It will also feature city management elements, where players can build and upgrade their own city. Players will have the opportunity to own unique digital assets such as game characters, collectibles, virtual lands, etc. which will be managed on the KLAYTN blockchain.
Where to buy KLAY coins?
There are several platforms that allow you to buy coins KLAY, but they vary by country and region. Here are some popular platforms to buy KLAY:
- Binance : is a platform cryptocurrency exchange which allows you to buy or sell KLAY against other cryptocurrencies, such as BTC or ETH, BNB.
- KLAYswap : is a DEX running on Klaytn the same as DYDX
It is important to note that these platforms may vary by region and country, so it is important to check the platforms available in your country before purchasing KLAY. It is also important to check the fees, deposit and withdrawal limits and security conditions before choosing a platform to buy KLAY coins.
What are the best wallets to store your KLAY coins?
There are many wallets which allow coins to be stored KLAY. Here are some popular options:
- MetaMask: it is the most used wallet in the world which allows you to store KLAY and other ERC-20 tokens securely. MetaMask works with the vast majority of EVM blockchains.
- Klip: It is an official KLAYTN wallet, it is easy to use and allows you to store, send and receive KLAY. It is also compatible with KLAYTN smart contracts.
- Kaikas: it is a hot-wallet that allows you to store KLAY as well as other Ethereum-based cryptocurrencies. It is also compatible with KLAYTN smart contracts.
It is important to note that when using a wallet, you must keep your private keys secure, and never share them with anyone. It is recommended to make regular backups of your private keys and never store them on a computer connected to the Internet.
This article contains affiliate links. When you use one of our links we receive a percentage of the platform’s transaction fees, but we are not compensated by it. The protocol is fully decentralized and can be used from a hard-wallet as a hot-wallet. We have tested and used all the protocols that we present on our site.
Find all our articles in English on COMMIT
We would like to give thanks to the writer of this short article for this outstanding web content
What is Klaytn? | KLAY coin – francecrypto.fr
Our social media profiles here and other pages on related topics here.https://metfabtech.com/related-pages/