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What is Klaytn all about
Klaytn aims to provide simple and user-friendly blockchain infrastructures for companies and projects to develop with ease. Klaytn uses a hybrid model of both private and public blockchain bringing the benefits of both the blockchains on a single platform. Public blockchains are used to keep more decentralization in data validation and governance whereas private blockchain is used to keep the platform scalable with high latency.
Klaytn is run by Klaytn Governance Council which consists of over 30 crypto and non crypto companies including LG Electronics, Binance, Huobi and MakerDao.
Klaytn makes blockchain development and blockchain apps (BApps) development simpler for projects. Klaytn also offers wallets which interact with the blockchain networks. Kalyan’s validator nodes are called Core Cell Operators from Core Cell Networks (CCNs). To become a CCN, a network member must hold at least 5 million KLAY Tokens.
KLAY is a native token of Klaytn network used in governance and as medium of transactions on BApps built on the Klaytn Bockchain. The company has also created Klayten Improvement Reserve which is a reward-based system which incentivizes contributions to Klaytn’s ecosystem by submitting proposals, updates, and other progressive changes.
In partnership with Samsung Blockchain, Klaytn has also released KlaytnPhone which allows the users to use BApps and many crypto wallets including Klaytn wallets directly from the phone. Klaytn is also planning to distribute NFTs on NFT marketplaces in the future.
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KLAY Questions & Answers
What was Klaytn's highest price?
The price of Klaytn reached its highest point on 2021-03-30, when it was at 3.69 Euro.
What price will Klaytn reach in 6 months?
A long-term prediction is extremely difficult, but according to our price prediction algorithm we expect that the cost of Klaytn will reach between €0.16 and €2.32 half year from now.
What will the price of Klaytn be 90 days from now?
Using our price prediction algorithm we expect Klaytn's price is likely going to reach between €0.27 and €1.24 in 3 months time.
Is Klaytn expected to increase in value in 1 month time?
In accordance with our prediction algorithm, we estimate the value of Klaytn will be anywhere between €0.43 and €1.24 in one month time.
What is the current Klaytn price?
Price of Klaytn right now is 1.41 EUR.
How popular is Klaytn among social media users?
878 people participated in discussing Klaytn on Reddit in the last 48 hours. Klaytn's Twitter handle is followed by null users.