Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Global
KLV Mainnet Migration is coming

KLV Mainnet Migration is coming

Migration of KLV to mainnet is taking a step forward to its own blockchain that offers enhanced speed & security

by Jagdish Kumar
June 22, 2022
in Education, Global, Wallet
Reading Time: 3 mins read
3.4k
A A
0
Play0 sec
Share on FacebookShare on Twitter

As part of its plans to increase security & speed, Klever (KLV) will soon be migrating to its own blockchain, KleverChain.

KLV is a utility token of Klever Ecosystem, which currently operates a Wallet, NFT Marketplace, Exchange, Hardware Wallet (Klever Safe), and Swap service.

You might also like

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
7.4k
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
7.4k

So far, Klever is used by over 3.5 million users globally, of which 150,000 are daily active users. The ecosystem has one of its best security systems and will further be enhanced when it moves to its own chain.

Currently, Klever is built on top of the Tron blockchain, and in order to make crypto simpler, Klever decided to move on its own chain. 

What does migration mean?

Migration to mainnet will make Klever scale its transaction speed to 2000+ Transactions per second (TPS).  Developers who want to build blockchain applications can build on KleverChain.

For KLV holders, Klever will provide an opportunity to swap their Tron-based KLV tokens with KleverChain KLV tokens. Klever will announce this well in advance, so the community is aware of the process.

As of today, over 100+ nodes have joined the KleverChain Testnet in a seamless and accountable verification of transactions process.

In July 2022, Klever will move on its KleverChain and will compete with blockchains like Tron (TRX), Binance Smart Chain (BSC), Polkadot (DOT), Kusama (KSM), Solana (SOL), and others. It will also have kapps that will revolutionize the “smart contract” approach.

Benefits of KleverChain

KleverChain provides a safer, faster, and smarter cryptocurrency experience by providing permissioned blockchain governed by the community to all users globally, allowing them to participate in and thrive within the decentralized economy.

KleverChain will provide pre-built and ready-to-use apps (Kapps) and functionalities that are native to the blockchain. It comes with ready-built features for all developers to build decentralized applications (KApps) through Klever OS Software Development Kit (SDK) their own interface solution.

It is built on top of Tendermint Byzantine Fault Tolerant (BFT) consensus and the Cosmos SDK and is backed by Bitcoin and USDT. 

KleverChain governance token

Klever Finance Token (KFI) is the governance token on KleverChain. By using an on-chain voting system, KFI token holders can control the app protocol configuration (like application fees and referrals) and approve new apps.

KFI token holders can vote for new application proposals; vote for new projects; vote for change application proposals, and earn network rewards. 

KleverChain will also facilitate blockchain development for all developers by eliminating the complexity and vulnerability of smart contracts, and replacing them with ready-built apps and native features of Klever’s blockchain.

Developers can build projects on KleverChain which Klever calls Klever Digital Assets (KDA). The KDA can be a crypto wallet, crypto exchange, browser, staking, payment channel, loan, liquidity pool, decentralized finance, supply chains, logistic records, notary, saved value, gift cards, rewards, loyalty programs, collectibles, banking, digital ownership, and more. 

KleverChain uses the proof-of-stake consensus mechanism which means entities, companies or individuals, based on their assets, are selected as validators, and their task is to validate transactions and mine blocks.

Coming on KleverChain

However, developers will require KLV, the main utility token in KleverChain, where it can be used to store value; make p2p payments; participate in new projects; pay swap fees; reduce swap fees; reduce exchange fees; pay exchange fees; pay blockchain transactions fees; create KDA inside Klever Network; create news token across supported blockchains; provide liquidity for K-Tokens and stablecoins; staking and run with Klever masternodes.

Klever will also be implementing artificial intelligence (AI) and machine learning tools to assist users to become smarter and more informed investors. 

It is also working on various innovative products and services that will break barriers and build a new normal in the finance sector and meet the desires of the users’ community. Strengthening each link for the common good. Klever believes that some technologies that are under development will enable major evolutions in making crypto simple and reaching the masses.

Tags: kleverchainKLVmigration
Advertisement Advertisement
Previous Post

Gazpromneft, third-largest Russian oil company, partners with BitRiver to mine Bitcoin

Next Post

K4 to K5, Klever Wallet leaps forward

Jagdish Kumar

Jagdish Kumar

Reporting & writing on crypto & blockchain for the past few years. A content eagle, journalist & writer with a passion to explore new technologies that can change human lives. Joined Klever to make Crypto simple. Follow me on Twitter @TokenBharat or email me at jagdish@klever.io

Related Stories

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

by Klever
February 22, 2023
0
7.4k

We are excited to announce that Klever has recently joined the Web3 Domain Alliance, a group dedicated to promoting the...

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

by Isabela Bellumat
February 14, 2023
0
7.4k

With so many options available, it can be difficult to determine which wallet is the best choice for your digital...

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

by Warren Manuel
February 10, 2023
0
7.3k

Imagine a world where businesses and organizations operate with complete transparency, security, and autonomy. A world where intermediaries and central...

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

by Warren Manuel
February 9, 2023
0
7.3k

Investment and financial management have come a long way in the digital age. With the advent of Artificial Intelligence (AI),...

Next Post
K4 to K5, Klever Wallet leaps forward

K4 to K5, Klever Wallet leaps forward

bitcoin news

Bitcoin battles back from record losses to $21,000

Please login to join discussion
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8357 shares
    Share 3343 Tweet 2089
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7030 shares
    Share 2812 Tweet 1758
  • Bitcoin battles back from record losses to $21,000

    5915 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5359 shares
    Share 2144 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5072 shares
    Share 2029 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version