Klever goes live with Mainnet of its native blockchain

abdelaziz Fathi

Blockchain infrastructure provider Klever has completed the foundational development for its native layer 1 blockchain functionalities and today launches its mainnet.

This marks the completion of phase 1 of Klever’s journey towards being a leading platform that makes crypto simple and ensure everyone can become part of the digital revolution.

After several rounds of internal testing, followed by its launch on the Tron network, the new era revolves around KleverChain, the native blockchain for Klever.

The migration from the Tron heralds a new era in the Klever evolution as a an independent a blockchain network in terms of security, performance, scalability, and accessibility. KleverChain ecosystem serves as a trusted and permissionless blockchain network to help grow and expand the emerging decentralized economy. That means any individual or company is selected as validators on the basis of the KLV they have staked on the chain.

The mainnet offers immediate utility in the form of a proof-of-stake public blockchain, which is highly scalable and comes with pre-built ready-to-use apps. Primarily targeted for performance-oriented applications, KleverChain aims to improve the scalability of public chains while offering better performance and less energy consumption.

KleverChain addresses scalability issues­

More specifically, KleverChain proposes a unique approach to handle up to 3,000 transactions per second in an open, permissionless network. That transaction limit will increase over time due to KleverChain’s scalability and agile structure.

Unlike with traditional smart contract blockchains, KleverChain has been designed to be anonymous, trustless, and secure across borders using decentralized economies to eliminate middlemen. The system has been designed with smart contracts coded into it, offering pre-built and ready-to-use apps and functionalities native to the blockchain.

Commenting on the news, Dio Ianakiara, Co-Founder & CEO of Klever, said: “Klever has a completely different approach and instead builds the Klever Blockchain with smart contracts coded into the blockchain itself. It is inspired by what Satoshi Nakamoto did with Bitcoin: code once and the Klever contract or Kapp as we call it will be there forever for anyone to use. I don’t think developers need to understand how a blockchain works – they just have to call a well documented function in order to use the blockchain.”

“The KleverChain Mainnet launch is certainly the next chapter of the Klever Ecosystem. But more importantly, Klever Blockchain’s use of smart contracts coded native to the blockchain (Kapps) made available for developers worldwide as simple and essential crypto features to tap into at the click of a button, is in actuality taking blockchain building in the entire crypto space to the next level,” added Misha Lederman, Director of Communications of Klever.

Read this next

Digital Assets

Midas launches investment strategies for the ‘crypto winter’

Midas.Investments has released three new investment strategies on its custodial CeDeFi platform, creating new opportunities during the ‘crypto winter’.   The platform merges diverse approaches to digital asset management into single-click products to let investors gain steady profits in any market conditions — including the ongoing bear market. a custodial CeDeFi platform, CeDeFi: Unlocking the […]

Digital Assets

Bitcoin.com Wallet adds several ERC-20 tokens

The product expansion includes representatives of the DeFi world, the Metaverse, and the largest stablecoins.

Market News

Savvy Investors to Profit Whether the Stock Market Rebounds or Not

Equities have gone up enormously since the low. SP500 has gained 13.88% since June 17. In August, the indices drifted sideways. On Wall Street, veteran investors expect a move in either direction.

Industry News

Wall Street-backed MEMX obtains SEC approval for options trading platform

The company has raised more than $135 million in funding from 18 stock trading and investing heavyweights, including BlackRock, Citadel Securities, and Morgan Stanley.

Industry News

Amundi US launches ESG strategy that seeks to outperform S&P 500

Amundi’s Responsible investing team includes more than 45 specialists, and its ESG analysis covers more than 13,500 issuers across debt and equity.

Industry News

Verto launches embedded FX payments solution

The Verto API automates currency conversions, tracks payments and exchange rates in real-time, and is being launched in the follow-up of a $10 million in Series A funding last year.

Industry News

SEC awards over $16m to whistleblowers after another successful enforcement action

The program is 10 years-old and has arguably played a critical role in the Division of Enforcement’s ability to effectively detect wrongdoing, protect investors and the marketplace, and bring violators to justice.

Digital Assets

Ripple submits most succint explanation of Hinman issue in XRP lawsuit

It might be useful to get up to date as this could be the end of the road for the SEC.

Retail FX

TradingView integrates first Brazilian broker, Órama Investimentos

Órama offers all kinds of investment products, from fixed income to crypto-related funds.

<