BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Kakao claims its blockchain is up to 15 times faster than Ethereum

Kakao claims its blockchain is up to 15 times faster than Ethereum
The blockchain space has a new entrant that is claimed
to be 15 times faster than Ethereum.



The participant is the newly launched blockchain
mainnet Klaytn, developed by South Korean firm Kakao, whose subsidiary GroundX said
at a recent press conference that the platform can mine a block in less than a
second – compared to Ethereum, which takes around 15 seconds to perform the
same task.



As reported
by CoinDesk Klaytn, which is a business-centric platform for mass
adoption, provides a transaction throughput of 300 per second at its speed,
whereas Etheruem is able to process 20 transactions per second. According to
Kakao’s white paper, Klaytn is designed with a hybrid approach adopting the concepts
of consensus nodes (CNs) and ranger nodes (RNs) to achieve both scalability and
transparency.



By making the announcement, GroundX said that big
names in the tech industry, such as LG, had joined a governing council for
Klaytn and many projects are already in development with the new blockchain and
will be released by the end of July.



Moreover, blockchain security firm Quantstamp recently completed its audit of smart contracts for Klaytn. Quantstamp CEO Richard Ma said: “The biggest challenge facing blockchain applications today is user adoption. With over 90 per cent market penetration in Korea and 40 million monthly active users, Kakao is well-positioned to bring blockchain to a large and active user base.”







Interested in hearing more in person?  Find out more at the  Blockchain Expo World Series , Global, Europe and North America.


The post Kakao claims its blockchain is up to 15 times faster than Ethereum appeared first on The Block .

- - - - -

Thank you for Share!

   
Read the full Article

Read the full Article: Kakao claims its blockchain is up to 15 times faster than Ethereum


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from leading exponents of BlockChain, Bitcoin and Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Cypto Currencies World.

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News