Klaytn Foundation

Klaytn is a highly optimized, BFT-based public blockchain that aims to meet the enterprise-grade reliability. Key design goals are;

• Immediate finality.
• High TPS that meets real-world use cases.
• Lower the cost of running Blockchain Applications.
• Lower the barriers to entry for end-users.
• Ease the technology adoption process for industry.

Klaytn launched its mainnet, Cypress, on Jun/27/2019 with the following specifications.

• 1-second block generation and confirmation time.
• 4,000 transactions per second.
• Low gas price that is almost 1/10 of Ethereum.
• Runs EVM (Ethereum Virtual Machine) and supports the execution of Solidity contracts.
• 19 reputable corporations worldwide initially formed Klaytn Governance Council to operate consensus nodes. The current number of consensus nodes is shown in the Klaytnscope.
• More than 50 initial service partners have committed to launch Blockchain Applications on Klaytn.