{"id":10616,"date":"2023-08-22T02:06:15","date_gmt":"2023-08-22T02:06:15","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10616"},"modified":"2022-05-17T11:05:47","modified_gmt":"2022-05-17T11:05:47","slug":"what-is-klaytn-klaytn-and-how-does-it-work","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-klaytn-klaytn-and-how-does-it-work","title":{"rendered":"What is Klaytn (KLAYTN) and how does it work?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-klaytn-klaytn-and-how-does-it-work\/#history_of_klaytn\" >History of Klaytn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-klaytn-klaytn-and-how-does-it-work\/#how_does_klaytn_work\" >How does Klaytn work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-klaytn-klaytn-and-how-does-it-work\/#how_is_the_klaytn_network_formed\" >How is the Klaytn network formed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-klaytn-klaytn-and-how-does-it-work\/#klay_the_klaytn_currency\" >KLAY, the Klaytn currency<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p class=\"p1\">You may have heard about the\u00a0<strong>Klaytn blockchain<\/strong>\u00a0project. In a nutshell, it is a blockchain whose main goal is to enable reliability at the enterprise level. Such a blockchain is based on\u00a0<strong>proof of stake (PoS) BFT.<\/strong><\/p>\n<p class=\"p1\">Klaytn is primarily aimed at achieving\u00a0<strong>mass adoption of blockchain<\/strong>\u00a0in the enterprise world.<\/p>\n<p>Although there are currently countless public blockchains, they are not yet widely adopted at the institutional level. This is evident, even more so when we see the large number of companies that are reluctant to make use of this\u00a0<strong>new technology<\/strong>.<\/p>\n<p class=\"p1\">For this reason, the team responsible for the Klaytn project assures that it will be t<strong>he companies that will drive the total adoption<\/strong>\u00a0of the blockchain world.<\/p>\n<p>In short, the project is oriented to companies and to achieve a massive adoption of blockchain technology. If you want to continue learning about this project, in this article we will tell you all about how it works.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"history_of_klaytn\"><\/span><strong>History of Klaytn<\/strong><b><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"p1\">Behind the Klaytn development team is blockchain project subsidiary\u00a0<strong>Ground X<\/strong>, part of Korea\u2019s largest mobile platform called\u00a0<strong>Kakao<\/strong>. Ground X aims to achieve mass adoption of blockchain powered services. All this through a\u00a0<strong>scalable<\/strong>\u00a0blockchain platform\u00a0<strong>that offers tangible and practical services.<\/strong><\/p>\n<p class=\"p1\"><b>Jaesun Han is the executive director of the\u00a0<a href=\"https:\/\/www.groundx.xyz\/\">Ground X<\/a>\u00a0team.\u00a0<\/b>Han is a blockchain technology enthusiast with a PhD in EECS in 2005 from KAIST. His research topics include P2P algorithms and distributed systems. By 2007 Han had already founded Korea\u2019s first\u00a0<strong>big data and cloud<\/strong>\u00a0computing technology company, NexR, which four years later was acquired by Korea Telecom.<\/p>\n<p class=\"p1\">Jaesun later co founded the technology accelerator\u00a0<strong>FuturePlay<\/strong>\u00a0and served as its chief technology officer. The company has invested in numerous startups and provided them with technical mentoring. From 2007 to 2014 Han also taught\u00a0<strong>courses<\/strong>\u00a0on innovative business models as an\u00a0<strong>adjunct professor<\/strong>.<\/p>\n<p class=\"p1\">Another person responsible for Klaytn\u2019s development is\u00a0<strong>Myeongjin Jeong, Ground X finance director<\/strong>. He is primarily responsible for managing the company\u2019s operations. Prior to joining Ground X, Jeong spent more than\u00a0<strong>18 years<\/strong>\u00a0in numerous positions in finance, consulting, internal auditing in various companies, and so on.<\/p>\n<p class=\"p1\">Finally,<strong>\u00a0Sangeon Bae is the head of the Wallet Group<\/strong>. Bae joined Ground X with extensive experience in software development and project management. His experiences include a\u00a0<strong>CAD developer position at Samsung<\/strong>\u00a0and other positions such as program manager at\u00a0<strong>Microsoft Korea Software Lab.<\/strong><\/p>\n<p class=\"p1\">Thanks to his years of experience, Bae became the perfect candidate to take charge of software development and also holds a\u00a0<strong>master\u2019s degree in computer science<\/strong>\u00a0from Yonsei University.<\/p>\n<p class=\"p1\">Klaytn\u2019s mainnet called\u00a0<strong>Cypress<\/strong>\u00a0was launched on\u00a0<strong>June 27, 2019<\/strong>\u00a0with the goal of becoming an enterprise-oriented platform focused on blockchain service to enterprises. To achieve this, the platform offers a complete blockchain application environment to equip enterprises with the ability to develop other applications that feature\u00a0<strong>the transparency, security and censorship resistance as Klaytn.<\/strong><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_280909485\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Qu%C3%A9-es-Klaytn-KLAY2.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Qu\u00e9-es-Klaytn-KLAY2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Qu\u00e9-es-Klaytn-KLAY2-300x205.jpg 300w\" alt=\"Qu\u00e9-es-Klaytn-(KLAY)\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Qu\u00e9-es-Klaytn-KLAY2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Qu\u00e9-es-Klaytn-KLAY2-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Qu\u00e9-es-Klaytn-KLAY2.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>&nbsp;<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_klaytn_work\"><\/span><strong>How does Klaytn work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p class=\"p1\">Klaytn is based on a\u00a0<strong>PBFT or Practical Byzantine Fault Tolerance<\/strong>, a more optimized version of\u00a0<strong>Instambul BFT<\/strong>. The platform\u00a0<strong>combines<\/strong>\u00a0features of the\u00a0<strong>public and private<\/strong>\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/\">blockchain<\/a>\u00a0enabling the development of physical world applications on a large scale and out of the box. This allows end users to make full use of all Klaytn services\u00a0<strong>without the need for advanced knowledge<\/strong>\u00a0in Blockchain or the cryptocurrency world.<\/p>\n<p class=\"p1\">The Klaytn network has a transaction\u00a0<strong>confirmation<\/strong>\u00a0and block generation time of\u00a0<strong>only one second<\/strong>. This means that the network is capable of managing about\u00a0<strong>4,000 transactions per second<\/strong>. It also boasts a gas rate of almost\u00a0<strong>1\/10 ETH<\/strong>.<\/p>\n<p class=\"p1\">Klaytn is\u00a0<strong>compatible<\/strong>\u00a0with the Ethereum\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-the-ethereum-virtual-machine\/\">Virtual Machine or EVM<\/a>. It has also developed support for\u00a0<strong>Solidity contract<\/strong>\u00a0execution. It is worth noting that the current version of KLVM is derived from EVM so they share numerous similarities. In terms of\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-smart-contract\/\">smart contracts<\/a>, Klaytn\u00a0<strong>supports the Solidity language<\/strong>\u00a0as core programming.<\/p>\n<p class=\"p1\">To achieve its goal of mass blockchain adoption the Klaytn network has\u00a0<strong>DX offerings<\/strong>\u00a0that provide integrated development environments in addition to\u00a0<strong>interoperability<\/strong>\u00a0software and a platform with a\u00a0<strong>simple interface<\/strong>\u00a0that allows the developer to take advantage of the network\u2019s immediate responsiveness. In addition, fee costs are predictable as they are based on a\u00a0<strong>fixed transaction fee.<\/strong><\/p>\n<p class=\"p1\">To achieve enterprise adoption of blockchain the network provides\u00a0<strong>a high performance enterprise level infrastructure<\/strong>\u00a0that enables blockchain products to enter across enterprises for end users while maintaining\u00a0<strong>blockchain values<\/strong>\u00a0such as security, censorship resistance and transparency.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2 class=\"p1\"><span class=\"ez-toc-section\" id=\"how_is_the_klaytn_network_formed\"><\/span><b>How is the Klaytn network formed?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"p1\">Klaytn\u2019s network follows a very particular infrastructure. Klaytn uses a tiered network with role-based node types that optimize network performance. The network is divided into three logical sub-networks categorized by their roles. These are as follows:<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\"><b>Core Cell Network (CCN).\u00a0<\/b>This subnetwork consists of verifying and executing transactions sent through Endpoint Nodes. The CCN network is responsible for creating and propagating blocks throughout the blockchain network.<\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><b>Endpoint\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-pruned-node-complete-guide\/\">Node<\/a>\u00a0Network (ENN).<\/b>\u00a0It is composed of Endpoint Nodes (EN) and proxy nodes. ENs serve as endpoints in the Klaytn network managing RCP API requests and processing data sent to the service chains.<\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><b>Service Chain Network (SCN).\u00a0<\/b>These are Klaytn subnetworks composed of auxiliary blockchains that operate independently through BApps (Blockchain Applications). These networks are connected to the main network via Endpoint Nodes. These blockchains can operate on the main network or on their own blockchains called Service Chains.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2 class=\"p1\"><span class=\"ez-toc-section\" id=\"klay_the_klaytn_currency\"><\/span><b>KLAY, the Klaytn currency<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"p3\">\nKLAY is<strong>\u00a0the native currency<\/strong>\u00a0of the Klaytn project. It is fully transferable on the network and is used for payment of transaction fees when creating or executing\u00a0<strong>smart contracts or when transferring the currencies themselves.<\/strong><\/p>\n<p class=\"p3\">KLAY functions as the network\u00a0<strong>fuel<\/strong>\u00a0or\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-gas-in-ethereum\/\">GAS<\/a>. It represents the form of payment between platform users and consensus nodes to<strong>\u00a0execute<\/strong>\u00a0requested transactions. In turn, it performs the role of\u00a0<strong>incentive<\/strong>\u00a0to ensure that developers create high performance applications as nodes are compensated for their work with KLAY tokens.<\/p>\n<p class=\"p3\">KLAY is also part of the platform\u2019s\u00a0<strong>governance council<\/strong>\u00a0as consensus nodes stake cryptocurrency to propose blocks on the Consensus Council. Those who propose blocks are\u00a0<strong>rewarded<\/strong>\u00a0on the proposed block with newly minted coins and\u00a0<strong>transaction fees collected.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>You may have heard about the\u00a0Klaytn blockchain\u00a0project. In a nutshell, it is a blockchain whose main goal is to enable reliability at the enterprise level. Such a blockchain is based on\u00a0proof of stake (PoS) BFT. Klaytn is primarily aimed at achieving\u00a0mass adoption of blockchain\u00a0in the enterprise world. Although there are currently countless public blockchains, they [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10616"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7784"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}