Thread by @AltCryptoGems

Join us as we dive into the ultimate #Metaverse #Blockchain...

@Klaytn_Official

This project review as well as other reviews & free crypto guides can be read more clearly on my website: 🔽
altcryptotalk.com/crypto-guides/

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2- @Klaytn_Official is a hybrid open-source blockchain that launched in 2019, with a mission to shake the #gamefi and #metaverse space. The creators of #Klaytn are behind South Korea's largest internet company, #Kakao!

3- The #Klaytn #blockchain works differently from other major networks like #BNBChain, #Polygon or #Ethereum as they generally use one main consensus mechanism such as Proof-of-Work (PoW) or Proof-of-Stake (PoS).

4- instead #Klaytn believes they can provide a more scalable blockchain by implementing two types of Byzantine Fault Tolerance's (BFTs) to their network:

5- First is the Instanbul BFT (IBFT) which has the sole purpose of replacing other networks PoS or PoW consensus mechanisms.
Second is the Practical Byzantine Fault Tolerance (PBFT) which has been modified to allow interoperability with the integrated network performances it has.

6- Although their network doesn't rely on the PoW/PoS consensus directly, the #Klaytn network still utilises the benefits of Proof-of-Stake (PoS) by allowing a limited number of validators to run the network.

7- #Klaytn is becoming a noticeable #blockchain to build on as it offers high-speed and low-cost transactions with a user/developer-friendly interface and with the launch of #Klaytn 2.0, we could see an increase of all the above!

8- The @Klaytn_Official #blockchain is capable of processing 4,000 TPS (transactions per second) which is incredible and the network has amassed over 2.35M transactions in total. The #Klaytn network is still yet to be fully discovered by a world of #gamers.

9- The idea of the #Metaverse being implemented into our daily lives grows daily. #Klaytn is preparing for the adoption of #blockchain technology and the #Metaverse and they are in an excellent position to be leaders of this space!

10- #Klaytn is one of the very few blockchains that is governed by leaders in both the #Crypto and #Technology world. The network is governed by 31 companies, including @Binance, @LGElectronics, @MakerDAO and many other reputable names!

11- Each of the 31 companies owns Validators #Nodes with a minimum of 5 Million staked $KLAY tokens! A total of 1.13+ billion $KLAY tokens have been staked by the 31 members of the Governance council!

12- The #Klaytn #Blockchain is currently home to over 296 decentralised applications that were either built/integrated. Many are known, like #Metamask or #Opensea, but most protocols on the network are games exclusive to #Klaytn.

13- The @Klaytn_Official ecosystem is home to a large collection of great quality games, such as A3: Still Alive (#BattleRoyale), Ni No Kuni, Crypto Golf and many other successes!

14- At the time of writing, the #Klaytn token $KLAY is priced at $0.185 with a market cap of over $550M! The $KLAY token has seen an All-Time High of $4.38 when it exceeded a market cap of over $10.4B!

15- #Klaytn Links

Klaytn Twitter - @Klaytn_Official
Klaytn Website - klaytn.foundation

16- That's it for now, thanks for reading!

Hope you guys enjoyed it and learned something!

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