Kakao’s Ground X Unveils Its Blockchain Platform Klaytnby Fintech News Hong Kong October 8, 2018
Ground X, the blockchain subsidiary Kakao, often likened to the Korean version of WeChat; has announced the launch of the Testnet version of Klaytn.
This move follows the trend of messaging apps going into blockchain with companies like Line launching it’s own cryptocurrency
Klaytn UX seeks to improve the UX of existing blockchain platforms by eliminating traditional inconveniences such as wallets, private keys, and cryptograph addresses in order to lower the barriers to blockchain technology for end-users.
GroundX claims to have enhanced speed and for the performance of the dApps (decentralized applications), which are readily available for mass users.
According to GroundX, the Testnet block interval has been shortened to less than one second with up to 1,500 TPS (transactions per second)
Klaytn features tutorials and toolkits for blockchain-based service development. The toolkits include Klaytn Wallet, which allows users to safely guard and transfer their tokens created on Klaytn; KlaytnScope, which lets users monitor all activities on Klaytn, including block creation and transaction; and BLASQ, the incentivized blockchain coworking community where users’ blockchain-related questions and answers are rewarded with tokens.
Ground X plans to continue to foster BLASQ as a blockchain community service where developers can collaborate and operate within the healthy Klaytn ecosystem.
Additionally, Ground X will enhance Klaytn Wallet and KlaytnScope so that all of the operating services and data are made transparent to users for fair competition in the market.