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Cryptocurrencies/Coins/Klaytn (KLAY)
Klaytn price, market cap on Coin360 heatmap

Klaytn(KLAY)

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$0.19337
(3.18%)
0.00000276 BTC
Market Cap (Rank#121)
$713,609,421
10,177 BTC
Vol 24h
$3,285,916
46.8602 BTC
Circulating Supply
3,690,385,990.49
Max Supply
?

Klaytn Charts

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About Klaytn?

The live price of Klaytn (KLAY) today is 0.19337 USD, and with the current circulating supply of Klaytn at 3,690,385,990.49 KLAY, its market capitalization stands at 713,609,421 USD. In the last 24 hours KLAY price has moved -0.001357 USD or -0.01% while 2,046,014 USD worth of KLAY has been traded on various exchanges. The current valuation of KLAY puts it at #121 in cryptocurrency rankings based on market capitalization.

Learn more about the Klaytn blockchain network and how it works or follow the price of its native cryptocurrency KLAY and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Klaytn (KLAY) is a public blockchain platform developed by Ground X, the blockchain subsidiary of the South Korean Internet giant Kakao. Klaytn aims to bring blockchain technology to the mainstream by providing a user-friendly blockchain experience. It combines the best features of both public and private blockchains through its hybrid design.

Technology & Mechanism

Consensus Mechanism

Klaytn uses a practical Byzantine Fault Tolerance (PBFT) consensus algorithm, which is a state machine replication that tolerates Byzantine faults. This consensus mechanism allows for high transaction throughput and low latency.

Blockchain Technology

Klaytn operates on a hybrid blockchain, combining the transparency of a public blockchain with the speed and security of a private blockchain. This unique approach allows businesses to build and deploy large-scale decentralized applications (DApps) on its platform.

Key Features

Scalability

Klaytn is designed for high scalability, supporting a high number of transactions per second (TPS) to cater to large-scale DApps.

Security

With its hybrid blockchain design, Klaytn ensures secure and private transactions while maintaining transparency.

Privacy

Klaytn provides privacy features that allow users to control the visibility of their transactions.

Decentralization

Despite its hybrid nature, Klaytn maintains a high level of decentralization through its governance council, composed of reputable enterprises worldwide.

Development Team & Governance

The Klaytn project is spearheaded by Ground X, the blockchain subsidiary of Kakao. The governance model is based on a council of trusted entities that participate in the consensus mechanism.

Use Cases & Potential Impact

Klaytn is designed for real-world use cases, aiming to make blockchain technology accessible and easy to use for everyone. It has the potential to disrupt various industries by enabling the development of large-scale DApps.

Purchase & Storage

How to Buy

KLAY tokens can be purchased on several cryptocurrency exchanges, including Binance and Upbit.

Wallets & Storage

KLAY tokens can be stored in any wallet that supports the Klaytn blockchain, including the official Klaytn wallet.

Partnerships & Collaborations

Klaytn has partnered with various enterprises worldwide, including LG Electronics and Union Bank of the Philippines, to expand its ecosystem.

Roadmap

Klaytn's future plans include further improving its platform's scalability and security, expanding its global presence, and fostering a vibrant ecosystem of DApps.

Risks & Challenges

Like any blockchain project, Klaytn faces challenges such as regulatory uncertainties and the need for wider adoption of blockchain technology.

Community & Regulatory Compliance

Community

Klaytn has a strong community of developers and users, supported by the wider Kakao ecosystem.

Regulatory Compliance

Klaytn is committed to complying with all relevant regulations in the jurisdictions it operates in.

In conclusion, Klaytn is a promising blockchain platform that combines the best features of public and private blockchains. With its user-friendly design and strong backing, Klaytn has the potential to bring blockchain technology to the mainstream.

Klaytn Price0.19337 USD
Market Rank#121
Market Cap713,609,421 USD
24h Volume3,285,916 USD
Circulating Supply3,690,385,990.49 KLAY
Max SupplyNo data
Yesterday's Market Cap690,766,720 USD
Yesterday's Open / Close0.188551 USD / 0.187194 USD
Yesterday's High / Low0.18881 USD / 0.185662 USD
Yesterday's Change
-0.01% ( 0.001357 USD )
Yesterday's Volume2,046,014 USD
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