The platform, dubbed Klaytn, is the brainchild of Kakao subsidiary Ground X. Focused on decentralized apps (‘DApps’), developers are currently working with around ten domestic and international partners to experiment with the new ecosystem.
The user “environment” has in fact removed many of the standard features of blockchain platforms such as wallets, addresses and private keys, with developers also privileging transaction speed for its in-platform token, which they say will allow 1500 transactions per second.
Kakao has become increasingly active in the blockchain sphere with projects stemming from various sectors of the corporation and its subsidiaries.
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