Klatyn Report by Jesse

You can’t make this stuff up folks!  Axie Infinity is back this week after recovering from the previous week’s pullback and rocketing from $15 to a new all-time high of almost $50. Out of nowhere Telcoin has also popped back up on the scene with the second largest gains of the week. Looking into the future of enterprise-grade blockchains. This week we’ll be reviewing an existing protocol that has been developed in collaboration with one of the largest messaging services in the world called Klaytn.

Introduction

Klaytn is Kakao’s global public blockchain project. An enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions. It combines the best features of both public and private blockchains via an efficient 'hybrid' design. Klaytn is secured by participation from many highly-reputable brands around the globe, working together to create a reliable business platform atop a robust system of decentralized trust. Klaytn enables businesses and entrepreneurs today to capture value using blockchain technology. This makes Klaytn a highly optimized, BFT-based public blockchain that aims to create enterprise-grade reliability. On Klaytn transactions have immediate finality due to their high TPS, low-fee system that lowers the average barrier of entry for existing blockchain developers. Klaytn supports a long-term plan where the number of nodes participating in block production will gradually increase as technical requirements for block production eases down through infrastructure technology advancements. This will lead to an expanded pool of block producer nodes which will in turn reinforce the network’s security while preserving performance. While blockchain-enabled products that would be offered by larger entrants may not focus on decentralization as its foremost value, and may not meet a number of

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