• Latest
  • Trending

How KleverChain will change the way we Blockchain

December 29, 2021
Switzerland will hold its first World Crypto Conference 2023

Switzerland will hold its first World Crypto Conference 2023

July 5, 2022
Klever Ninjas builds products for financial inclusion to empower millions

Klever Ninjas builds products for financial inclusion to empower millions

July 5, 2022
The Impossible Finance x Aura Network x Klever Exclusive Whitelist Allocation Campaign

Win AURA whitelist allocation via Impossible Finance’s Launchpad, participate now

July 5, 2022
Why build our own Blockchain?

Why build our own Blockchain?

July 4, 2022
Blockchain Scalability

Scalability & Performance on KleverChain

July 4, 2022
Apply to write Klever News content

Apply to write Klever News content

July 4, 2022
Rollout Phases of Klever Blockchain Features

Rollout Phases of Klever Blockchain Features

June 30, 2022
South African Brothers allegedly stole $3.6B worth Of Bitcoin from “Africrypt” investors

South African Brothers allegedly stole $3.6B worth Of Bitcoin from “Africrypt” investors

June 29, 2022
buy KNC

How can KNC be used in Klever Wallet

June 29, 2022
ICT sector contributed 16% to Nigeria’s GDP in Q1 2022- NBS

ICT sector contributed 16% to Nigeria’s GDP in Q1 2022- NBS

June 28, 2022
Bitcoin reaching its mid-halving: Reasons & forecast

Bitcoin reaching its mid-halving: Reasons & forecast

June 28, 2022
Blockchain tech is playing a powerful role in LGBT projects

Blockchain tech is playing a powerful role in LGBT projects

June 28, 2022
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
No Result
View All Result

How KleverChain will change the way we Blockchain

Jagdish Kumar by Jagdish Kumar
December 29, 2021
in Global
Reading Time: 6 mins read
419 4
A A
0
Share on FacebookShare on Twitter

After the launch of the world’s first cryptocurrency, Bitcoin in 2009, blockchain technology has become the backbone of cryptocurrency projects. 

Even though blockchain has many use cases, other than cryptocurrency, it has been adopted by many industries, but an open-source public blockchain without cryptocurrency would have been dead, as it would have become an asset of a few technology companies. 


Existing chains

After the Ethereum platform was launched in 2015 based on smart contracts, various chains also entered the market with various specific use cases. But, all these chains had some limitations. Ethereum on which all the chains were based was affected with slower transaction speed and higher costs.

You might also like

Switzerland will hold its first World Crypto Conference 2023

Switzerland will hold its first World Crypto Conference 2023

July 5, 2022
3.3k
Klever Ninjas builds products for financial inclusion to empower millions

Klever Ninjas builds products for financial inclusion to empower millions

July 5, 2022
3.3k

Then came Binance Smart Chain (BSC), Polkadot, Kusama, others, all have their own importance, but all with some limitations too.

In order to overcome these limitations, Klever, which provides one of the fastest-growing crypto exchanges and safe and easy-to-use crypto wallet, is working on its own chain that will be the fastest, secure, most reliable, and user-friendly public blockchain solution ever made. 

To use KleverChain, the developer will have to stake Klever (KLV) token, which is the main utility token of KleverChain. 

Users who are using Klever Swap also use KLV as its fee engine. KLV is one of the fastest-growing tokens today with a market capitalization of over $114 million.


What is new on KleverChain

Speaking on the development, Eduardo Santos (Duka) – Growth Product Manager of KleverChain said:

KleverChain offers native token creation and features without the need for complicated smart contracts. 

Duka Santos – Growth Product Manager of KleverChain

Giving out more details, Duka said:

KleverChain is really for the community and uses the Klever Finance Token (KFI) as a governance token. KFI token holders have complete control over the apps protocol configuration (like application fees and referrals) and approval of new apps using an on-chain voting system. KFI owners are entitled to receive application rewards in KLV.

Commenting on the current status of KleverChain, the PM also stated:

For now, we’re validating the main kapps (Tokens, Staking, NFT MarketPlace, Proposal etc) and fully testing all the features to a smooth and light mainnet launch.

To improve real speed, KleverChain can integrate with other KleverChain instances for specific purposes like parachains, he adds.

Speaking on the future outlook of the chain, Duka mentioned:

For the future, KleverChain is looking to integrate with other blockchains and create a lot of kinds of kApps.

Based on the PoS (Proof-of-Stake) consensus mechanism, entities, companies, or individuals are chosen as validators only when they are able to provide proof of holding a certain minimum amount of Klever Coin (KLV) and guarantee the health of their node. 


kapps

KleverChain Apps (kapps) are on-chain applications developed by Klever Finance. 

KleverChain will offer pre-built and ready-to-use kapps and functionality native to the blockchain. So it’s not merely a smart contracts platform.

Developers will be able to implement their own interface solution through the Klever OS Software Development Kit (SDK).

“We want to create real value for our users and, by doing so, we hope to create a fair ecosystem and distributed network. KleverChain Mainnet launch is estimated to launch on 30 March 2022”, Duka underlined.


Solving real-world problems

By leveraging the power of blockchain technology, Klever empowers people to find innovative solutions for real-world problems. 

KleverChain was developed for users across the globe that can access a range of indispensable services and products, in a simple, direct, and profitable way. 

The chain 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.

With KleverChain, developers can build decentralized applications in a way that has not been possible before. The chainmakes it easy, cheap, and simple for developers to build and deploy blockchain apps. 

The KleverChain testnet which was launched on 15 October 2021 has been tested for a seamless and secure blockchain experience.  


Features on KleverChain

KleverChain will have on-chain swap, liquidity pool, liquidity mining, username and domain registration, username, and domain sale, digital identity, NFT marketplace, loans and collaterals, native tokens creation, DEX, and more.

With these new features, KleverChain will disrupt the blockchain sector and provide an opportunity to developers looking to build DApps to solve real-world problems.

Jagdish Kumar

Klever Writer

Follow me on twitter.com/TokenBharat

Disclaimer: This article is only for educational purposes. It is not investment or financial advice, always do your due diligence, before investing in any crypto project.

Listen to the article

Listen to the article in Portuguese
Listen to the article in Spanish
Listen to the article in Russian

Download Klever App

Tags: klever blockchainkleverchain
Previous Post

Crypto bill may put India on the global map

Next Post

What makes us a Klever family

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

Switzerland will hold its first World Crypto Conference 2023

Switzerland will hold its first World Crypto Conference 2023

by Jagdish Kumar
July 5, 2022
0
3.3k

Conferences in Switzerland do attract a lot of attention. From 13 to 15 January 2023, a global conference on cryptocurrency...

Klever Ninjas builds products for financial inclusion to empower millions

Klever Ninjas builds products for financial inclusion to empower millions

by Harish Kumar
July 5, 2022
0
3.3k

Millions of people worldwide have no savings bank account or any financial tool. There are almost a billion people worldwide...

The Impossible Finance x Aura Network x Klever Exclusive Whitelist Allocation Campaign

Win AURA whitelist allocation via Impossible Finance’s Launchpad, participate now

by klever
July 5, 2022
0
3.8k

The Aura Network is a scalable, agile, and seamless Layer-1 blockchain with an ecosystem designed to accelerate the adoption of...

Why build our own Blockchain?

Why build our own Blockchain?

by James Enajite
July 4, 2022
0
3.5k

Transformation is a continuous process and everyone who intends to succeed must make a concerted effort to continue to improve...

Next Post

What makes us a Klever family

Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
3.3k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
3.4k

Popular Story

  • bitcoin news

    Bitcoin battles back from record losses to $21,000

    1841 shares
    Share 736 Tweet 460
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    2333 shares
    Share 933 Tweet 583
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    1490 shares
    Share 596 Tweet 373
  • Love Monster joins forces with Klever

    2380 shares
    Share 952 Tweet 595
  • Rollout Phases of Klever Blockchain Features

    1114 shares
    Share 446 Tweet 279

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
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Switzerland will hold its first World Crypto Conference 2023

Switzerland will hold its first World Crypto Conference 2023

July 5, 2022
Klever Ninjas builds products for financial inclusion to empower millions

Klever Ninjas builds products for financial inclusion to empower millions

July 5, 2022
  • Marketcap
  • Sponsored Content
  • Advertise
  • Contact Us

© 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!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

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

Clear Clear All
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