With a mission to make crypto simple, Klever has been working hard to bring in new technologies that make this possible.
Taking this forward, Klever will be launching its own software development kit (SDK), which will allow mobile and web developers to build DApps on KleverChain with no deep understanding of blockchain or cryptocurrency.
With KleverChain Mainnet launching on 1 July 2022, KleverOS SDK comes with a simple design and architecture that not only allows developers to build DApps, but also helps them to integrate them on the chain with very low coding.
This is a one-of-a-kind feature that makes the deployment of DApps on KleverChain simple. It is being designed for very secure, efficient, and low-cost application development with no fuss.
KleverOS SDK has been built to ease the complexity and difficulty in order to deploy applications on blockchain networks. By lowering the barrier to entry and making it easier to deploy the features developers want, the SDK is being developed to invite a much broader community of developers, visionaries, businesses, and users worldwide to make blockchain simple.
In addition to working with independent developers and traditional industries alike to understand their needs, Klever will develop and deploy the Kapps needed for legacy companies to make use of blockchain technology.
In parallel, Klever will continue to expand KleverChain functionality and features to more use cases on its own chain applications. This can only be possible due to the backing of Klever’s multidisciplinary blockchain engineers with many years of experience.
Speaking on this development, Klever’s Director of Blockchain Research & Development said, “Klever will focus on the blockchain layer, which is our expertise and specialty, and developers can focus on their application, saving both a significant amount of time and costs for development.”
Klever Digital Assets (KDA)
Any application deployed on KleverChain is called a Kapp. There are various uses cases for Kapps: DeFi projects, stablecoins, stock derivatives, notary documents, game assets, inventory management, supply chain, staking, rewards, logistic records, loyalty programs, collectibles, NFTs, gift cards, stored value, digital ownership and others that can be built by using KleverOS SDK.
One of the main applications of any blockchain network is to issue tokens and non-fungible tokens (NFTs). Anyone can issue tokens or NFTs on KleverChain for just *10,000 KLV. This game-changer move will help many to experience the power of blockchain.
Let’s explain this with an example:
Imagine an NGO is working on the environment and want to raise funds, they can do so by issuing tokens or NFTs on KleverChain with the help of KleverOS SDK.
Before this, the NGO would have to hire a developer or a team that would code the token and deploys it on blockchain networks that would be very expensive to deploy and run.
By using KleverOS SDK, the NGO is saving a lot of time and money and getting his token or NFT delivered cheaper and these tokens are compatible with other blockchain platforms too.
Let’s learn about the technology KleverChain uses
With Klever, the blockchain is secure and efficient since a Proof-of-Stake (POS) agreement mechanism is used, in which 21 validators are randomly selected among the Masternodes in each Epoch.
This technology enables the versatile, efficient and high-performance design of KleverChain simple, cheap and easy for all developers to work with KleverOS SDK.
Instead of being a smart contracts platform, Klever Blockchain provides prebuilt and ready-to-use functionalities for developers to build decentralized applications. This means that developers save both time and money when deploying their apps, products and services on KleverChain compared to any other blockchain network.
Consensus mechanism
KleverChain uses the Proof-of-Stake (POS) consensus algorithm. That means entities, companies, or individuals, based on their assets, are selected as validators, and their task is to validate transactions and mine blocks.
Users must have a total self-staking and delegation of at least 10 million KLV before being promoted as a validator and operating a masternode.
From a total of 10 million KLV, 1.5 million KLV must be self-staked by the validator, while the other 8.5 million KLV can be delegated by KLV holders.
KleverChain also runs a customized version of the Practical Byzantine Fault Tolerance (PBFT) algorithm, meaning that before a block is produced on the blockchain, at least 70% of the validators need to agree with the data and information that has been submitted to the blockchain.
KLV utility token
Klever coin (KLV) is KleverChain’s main utility token that is used for all transaction fees, validator staking, validator rewards, delegation, minting and transfers on the chain.
With years of experience in the blockchain sector, Klever developers have built KleverOS SDK that is going to disrupt the blockchain sector and also the way applications are built and deployed on chains.
Klever has only one mission: to make ‘Blockchain Simple’!
