Developed for some time, Klever’s Blockchain ( KleverChain ) is beginning to create a fair, easy, and safe crypto ecosystem.
Klever, one of the fastest blockchain companies, has long experience in catering to crypto users from its Tron wallet, Swaps, NFTs, and much more.
In order to provide more streamlined services to users globally, Klever has launched its own blockchain to solve the majority of the problems that are faced by existing blockchains namely, Ethereum, Binance Smart Chain, Tron, Solano, Kusama, and others.
Using decentralized economies to eliminate middlemen, KleverChain provides an anonymous, trustless, and secure network across borders.
The blockchain is the most efficient technology in terms of security, performance, scalability, and accessibility. It makes crypto easy, simple, and cheap for any developer to build and deploy decentralized applications.
It offers an array of decentralized applications from On-Chain swap, liquidity mining, liquidity pools, username and domain sales as well as registration, digital identity, NFT marketplace, creating collectibles and NFT tokens, loans, and collaterals, DEX, and others.
As it works on a proof-of-stake (PoS) consensus mechanism, only individuals or companies that have staked their KLV can be selected as validators on the chain.
KleverChain’s native infrastructure is much more secure, simpler to build, and cheaper to deploy KApps than on other blockchains today.
With many features, Klever’s blockchain offers scalability and performance to developers who are working for society at large. They can use the KleverOS software development kit (SDK) to build their decentralized application, which Klever calls Klever Applications (KApps), on its public blockchain that is dedicated to the public good.
With years of hard work, the Klever team is very experienced in providing microservices to many private companies and has been also running 100+ blockchain nodes on top of 20+ major blockchain protocols, while catering to their 3.5 million-plus users.
With the new blockchain, scalability is ensured as it is being built on top of a microservice architecture, where each process is responsible for its own task while being integrated with others.
Klever blockchain’s modular structure will be able to increase transaction rates. It can handle close to 3000 transactions per second (TPS), which is more than Bitcoin, Ethereum, and other good blockchains.
Although this TPS will increase in the coming months by the development of blockchain, Klever is also looking to deploy side chains in the coming upgrades.
To build a project on KleverChain, developers will need a KleverOS software development kit (SDK).
KleverOS SDK has made blockchain simpler, because why should blockchain be difficult?
It offers a simple approach to mobile and web developers and they do not require a deep understanding of crypto and blockchain to build a kApp on KleverChain.
Klever’s blockchain makes it easy, cheap, and enjoyable for developers to build and deploy blockchain apps and integrate all essential crypto features into their projects, without even needing blockchain coding experience.
Many a time DApps can be very difficult to integrate on a blockchain network due to complexity, but KleverChain will change this by lowering the barrier of entry and making it easier to integrate the features a developer wants.
Benefits of building on KleverChain
KApps can be built fast on the Klever Blockchain without any need to write intricate or vulnerable smart contracts, as it has ready-to-use functionalities integrated into the blockchain.
With an easy-to-use interface and development time reduction, the blockchain comes pre-built with useful features ready to use, saving both time and development cost.
APIs and an SDK facilitate the integration and development of new and innovative solutions, as developers are not required to run nodes, and can instead fully focus on their project’s development and growth.
How KleverChain scales its operations
Validators are the security backbone and operators of Klever’s blockchain, which maintains the health of the network by validating each transaction and converting the data into blocks.
When any block is confirmed on KleverChain, validators earn rewards in Klever Coin (KLV), the native token on Klever’s blockchain.
Initial block reward flow back to validators is set at 50% of fees paid by users and the balance 50% is burnt to control inflation and profitability.
In other words, half of the transaction fees go to the validators, while the other half gets instantly burnt, reducing KLV maximum supply.
A slot is the minimum time delay between each block before an elected Masternode proposes a new block. The initial slot time on KleverChain is 4 seconds, which means it produces a new block every 4 seconds.
Epochs are sets of slots defined by a fixed time; each epoch lasts 6 hours.
This parameter can also be upgraded by network proposal. At the end of each epoch, a new set of master nodes will be selected as the next epoch validators.
Only actively-producing nodes (with 10 million + KLV) will earn blocks and transaction fees when elected in an epoch. The other Masternodes (with 1.5 million to 10 million KLV) will participate only in the staking pool.
Masternodes with less than 1.5 million KLV in self-staking will remain inactive, meaning they are not eligible to receive the delegation from the community.