Rollout Phases of Klever Blockchain Features

Klever Foundation will roll out new features for Klever Blockchain in five pre-planned Phases in order to ensure a stable environment for the launch of KleverChain Mainnet and all associated Klever product integrations.

At Genesis Block, Klever Foundation will manage and operate all network validators to ensure stability ahead of public validators joining consensus in our journey to decentralization.

Rollout Phases of KleverChain Mainnet Features

*Updated: July 7, 2022

Phase 0 – Week 1 (July 1 – July 7)

KleverChain’s stability is essential during Phase 0. As part of this rollout period, we will be focusing on the stable nature of the blockchain, initiating activities on-chain, and responsibly activating key features for our users and developers in planned stages. Initially, KleverChain validators will be deployed by Klever Foundation to ensure stability and reliability for the blockchain launch.

This period requires users to update their Klever Wallet, K4 apps in both app stores to use the Swap bridges displayed below.

Klever Genesis Block goes live. Klever believes that everyone deserves access to essential financial tools and Klever’s blockchain launch marks a game-changer for the ecosystem. 

New Features Rollout:

New KLV Supply Following Mainnet Migration

As previously announced, the KleverChain Migration will move the remaining Klever Foundation KLV reserves from the Tron Network to Klever Blockchain, creating the new supply of 8.874 billion KLV. 

Phase 1 – Week 2 (July 8 – July 14)

Our Phase 1 continues to focus on stability while introducing a new on-chain Klever NFT platform and finalizing the Klever Hackathon Dev Competition judging criteria and results.

New Features Rollout:

Phase 2 – Week 3 (July 15 – July 21)

It’s a big week for KleverChain in Phase 2. A range of new features will now become available, including the official launch of our new Klever On-Chain NFT platform, which introduces tools to mint NFTs

There are other important milestones including the listing of KLV (Mainnet) on Klever Exchange, the introduction of KLV (Mainnet) Liquidity Pools on Klever Exchange, and the availability of staking, sending and receiving in Klever Wallet, K5, as well as KDA in Klever Kustody.

New Features Rollout:

Phase 3 – Week 4 (July 22 – July 28)

A major milestone in Phase 3 is the official release of the Klever Web Extension on the Chrome web store, allowing millions of users to engage with KleverChain via Chrome, Chromium, Opera, and Edge web browsers. With this, Klever Exchange Web Extensions can be fully activated, providing seamless access across the Klever Blockchain ecosystem. Among the key events are the Mainnet Bugs and Security Bounty Hackathon Announcement as well as the long-awaited Hackathon Content Creators Announcement.

New Features Rollout:

Phase 4 – Week 5 (July 29 – August 4)

Klever Wallet, K5 activation of a range of functions and services will make KleverChain more accessible to users in Phase 4. Among the biggest features are staking, swapping, and browser integration among others, while NFT listings and external validators joining consensus on KleverChain follow closely behind.

New Features Rollout:

To summarize: 

Klever considers the crypto economy to be a blossoming tree. These roots can be traced back to two decades-old technologies; cryptography and distributed computing. Satoshi Nakamoto merged these technologies to create Bitcoin, the world’s first blockchain. 

Bitcoin is unquestionably the trunk and beating heart of the crypto economy.

As for the branches, they are layer 1 blockchains that facilitate smart contracts such as Ethereum, Solana, Tron, Binance Smart Chain (BSC), and other protocols used to power decentralized applications (dapps) on the market today. 

Dapps, products, and services built on top of smart contract platforms are the leaves, fruits, and eventual flowers growing on top of the branches.

There are many benefits to smart contracts, but coding them is difficult and executing them is expensive. Over the past few years alone, smart contracts have been exploited and hacked for billions of dollars, even with expert programmers writing code.

Cryptocurrencies have evolved tremendously since Klever launched its first wallet in 2017, thanks to an increasing number of industry players, more users around the globe, mainstream adoption, and a wide range of products.

Today, building popular blockchain-integrated dapps requires specialized and still rare development skills, making it very challenging to launch a crypto project and integrate the most helpful and essential features. In addition, blockchain development is becoming more complicated and more expensive every day.

For developers to integrate crypto services and build blockchain applications quickly, we must provide straightforward, simple, cost-effective, and time-saving tools.

Making it easier, safer, cheaper and faster to build and deploy a decentralized application on KleverChain, developers will find themselves in an obvious position as they will have more time and funding to prioritize what truly matters to them: their own project and its development.

We are convinced that by working increasingly coordinated and in close cooperation with projects and developers who build on the blockchain, the KleverChain branch of the tree of crypto will grow into its own flourishing ecosystem, with both beautiful leaves of use cases and blossoming flowers supporting public financial services.

Crypto is still difficult, but it really shouldn’t be. That’s where Klever comes in, on KleverChain, anyone can build.

Important phrases:

What are Kapps? 

Klever Apps (Kapps) are on-chain applications developed by Klever Finance together with and for the Klever developers community.

KleverChain will offer pre-built and ready-to-use apps and functionalities native to the blockchain, not merely a smart contracts platform.

I would like to become a Klever Blockchain Validator. How do I do that? 

To be promoted as a validator, as well as to operate a Masternode, a user must have a minimum amount of 10 million KLV in total self-staking and delegation. From that total of 10 million KLV, the self-stake amount by the validator themself must be at least 1,5 million KLV, while the other 8,5 million KLV can be from the delegation from KLV holders. Read more here

Does KleverChain use Proof of Stake or Proof of Work? 

The consensus algorithm we use on KleverChain is based on the Proof-of-Stake consensus mechanism. On Klever Blockchain, POS means that entities, companies, or individuals, based on their assets, are selected as validators, and their task is to validate transactions and mine blocks.

Where can I find the Klever Blockchain Whitepaper?

Click here to enter our 100,000 KLV competition and to read our KleverChain Whitepaper.

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