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.
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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.
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