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.