Klaytn (KLAY) is a blockchain platform that provides enterprise-grade solutions for its users, with service-oriented features to support gaming, non-fungible tokens (NFTs) and decentralised finance (DeFi).
The platform is capable of processing 4,000 transactions per second with one-second finality and offers gas fees significantly lower than Ethereum’s. It is also Ethereum Virtual Machine (EVM) compatible, allowing seamless integration of Solidity-based smart contracts and applications.
Klaytn features a hybrid architecture, merging the benefits of public and private blockchains to provide scalability and decentralisation. This infrastructure is supported by over 40 initial service partners across various industries.
KLAY is the native token used for all platform transactions and can be used to validate the network and earn rewards.