This Klaytn Review is aimed at showing what the cryptocurrency is all about. People have been searching Is Klaytn A Good Investment? and I hope to answer that at the end of this review.
Table of Contents
What Is Klaytn?
Kakao’s global public blockchain project Klaytn is an enterprise-grade, service-centric platform that brings a user-friendly blockchain experience to millions. It combines the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design.
Klaytn is secured by participation from numerous highly reputable brands around the globe, working together to create a reliable business platform atop a robust system of decentralized trust. Klaytn enables businesses and entrepreneurs today to capture value using blockchain technology. Klaytn is the future, designed by GroundX.
Blockchain Applications (BApps) are first-class citizens in Klaytn’s world. We strive to offer the highest performance and the most productive environment that caters to a wide spectrum of engineering audience, from micro startups to enterprise divisions.
With a combination of Klaytn features, including low-latency network responsiveness, reliable yet powerful transaction throughput, flexible scalability through Service Chains, and transaction fee subsidization for end-users, BApp designers will be liberated to deliver the best experience for their customers. Further, the Klaytn network’s seamless interoperability with legacy enterprise assets (via Enterprise Proxy) offers a quick onramp for teams planning to newly integrate blockchain features into their offerings.
What Is KLAY?
KLAY is a native digital asset that fuels and secures the Klaytn protocol. It can be used in various ways, such as transaction fees, the medium of exchange, staking, collateral for secondary tokens, etc.
The Klaytn main net, which is named Cypress, was launched on June 27, 2019 and at the time it was already ahead of many of its peers. The Klaytn blockchain boasts the following specifications:
- 1-second block generation and confirmation time.
- 4,000 transactions per second.
- A low gas price that is significantly less than Ethereum.
- Runs EVM (Ethereum Virtual Machine) and supports the execution of Solidity contracts.
- 30 reputable corporations worldwide form the Klaytn Governance Council to operate consensus nodes
- 50 initial
Who Is The Founder Of Klaytn?
Jason is a serial entrepreneur and blockchain enthusiast. He received a Ph.D. in EECS at KAIST in 2005. His research topics were P2P algorithms like DHT and distributed systems. In 2007, he founded NexR, the first big data and cloud computing tech startup in Korea, which was acquired by KT (Korea Telecom) 4 years later. After that, he co-founded FuturePlay and took the role of CTO. FuturePlay is a tech-centric accelerator and investor, focusing on tech startups in APAC. He invested in dozens of startups and gave them technical mentoring. He also taught an innovative business model and IT trends course in KAIST MBA as an adjunct professor for 7 years starting in 2007.
CFO, Head of Operations Group
Myeongjin manages the company’s operations including finance, HR, and general affairs. Prior to joining Ground X, he spent more than eighteen years in finance, business development, consulting, and internal audit roles at various companies including Kakao and Pricewaterhouse Coopers. Outside work, he loves to travel and hike with his family. Myeongjin received a B.S. in computer science from Korea University.
Head of Wallet Group
Sangeon joined Ground X with various software development and project management experience from industry-leading companies. As a CAD developer at Samsung, a program manager in both Software Laboratory at Microsoft Korea and Visual Studio team at the Microsoft Headquarter in Redmond, WA, a project manager at Naver, and a producer and team manager at both Blizzard Korea and the Headquarter in Irvine, CA, he has built a deep and wide range of software development management experience. He hopes to accelerate Ground X to settle the blockchain ecosystem into real life. Sangeon received an M.S. in computer science at Yonsei University.
Head of Platform Group
Sangmin is developing a next-generation blockchain platform focusing on high-performance, scalability, and service-friendliness. Prior to joining Ground X, he worked as an assistant computer scientist at Argonne National Laboratory and as a senior engineer at Samsung Research. He received a Ph.D. in electrical engineering and computer science at Seoul National University and also has published numerous papers on parallel programming and high-performance computing.
Whenever a crypto project explodes or attracts attention for any reason, price forecast requests emerge. The situation is no different with KLAY, with many now wondering: is it profitable to invest in Klaytn?
To answer that question, let’s take a look at several Klaytn coin price predictions offered by various sources.
The first Klaytn price prediction comes from Wallet Investor. Its analysis indicates that the KLAY price will continue to go up over the next several years, while its one-year forecast expects the coin to hit $5.6 in the next 12 months.
Is Klaytn A Good Investment?
This is up to each investor to decide, but Wallet Investor believes it to be an “outstanding long-term (1-year)” investment opportunity.
According to current predictions, the KLAY price is expected to rise constantly over the following years. Whether that will actually happen remains unknown, but if it does, KLAY could easily go beyond $10 by 2025.
Agree or Disagree with my Klaytn Review, Let me know in the comment section. Is Klaytn A Good Investment? Well, we’d find out.