Klaytn (KLAY) Tops One Day Volume of $34.01 Thousand

Klaytn (KLAY) traded down 5.7% against the US dollar during the 1-day period ending at 7:00 AM ET on February 1st. One Klaytn coin can now be bought for approximately $0.0549 or 0.00000070 BTC on exchanges. Klaytn has a market cap of $208.69 million and approximately $34.01 thousand worth of Klaytn was traded on exchanges in the last 24 hours. During the last week, Klaytn has traded down 23.2% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 10.5% against the dollar and now trades at $78,474.12 or 0.99372946 BTC.
• SolvBTC (SOLVBTC) traded down 5.3% against the dollar and now trades at $78,415.09 or 1.00146070 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Klaytn Profile

Klaytn’s launch date was June 24th, 2019. Klaytn’s total supply is 5,855,887,677 coins and its circulating supply is 3,803,678,792 coins. The Reddit community for Klaytn is https://reddit.com/r/klaytn and the currency’s Github account can be viewed here. Klaytn’s official website is www.klaytn.foundation. Klaytn’s official message board is medium.com/klaytn. Klaytn’s official Twitter account is @klaytn_official and its Facebook page is accessible here.

According to CryptoCompare, “Kakao’s global public blockchain project Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions. It combines features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient 'hybrid' design. Klaytn is secured by participation from numerous 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. Klaytn was designed by GroundX.To simplify building for the metaverse, Klaytn offers an end-to-end metaverse package that includes customized L2 solutions, SDKs and smart contract libraries, IPFS solutions, wallets, chain explorers, oracles and bridges, as well as an ecosystem of supporting services such as stablecoin integration, NFT marketplaces, tradfi interfaces, and more.Klaytn utilizes an optimized version of Istanbul BFT that enables transactions to achieve absolute finality within a second, allowing for responsive user experiences and enabling use cases where near-instant and irreversible finality is necessary—such as the real-time minting of in-game item drops.Proof-of-Work and Proof-of-Stake blockchains exhibit probabilistic finality, which means there is a tiny chance that a transaction recorded on the chain can get reversed. This makes these blockchains unsuitable for mission-critical applications, especially if used at scale. Klaytn’s IBFT consensus algorithm guarantees that data recorded on the blockchain is correct and will never be reversed, in order to deliver the reliability and data consistency needed for large-scale applications.Klaytn supports EVM as one of the emerging standards for the metaverse and Web3, and will be adopting the EVM specification by: * Making Klaytn’s technical stack equivalent to the Ethereum stack from an interfacing and execution perspective * Building on top of existing Ethereum clients and interfacing libraries to inherit any improvements made to their open-source codebases * Enabling Ethereum Improvement Proposals (EIPs) and Klaytn Improvement Proposals (KIPs) to contribute to both ecosystems.At the core of Klaytn’s unique take on decentralization is their Governance Council (GC). Comprising leading global enterprises and DAOs across geographies and industries, these GC members form a compact validator network that is able to deliver the benefits of a decentralized public blockchain while maintaining the performance of a permissioned blockchain. Moving forward, Klaytn aims to further increase decentralization by onboarding more DAOs to their GC to create a “DAO of DAOs”.Klaytn utilizes the hub-and-spoke model that is widely acknowledged as one of the leading scalability solutions. Klaytn’s spokes, or service chains, can be customized for specific DApp requirements such as high throughput, special node configurations, or custom security levels. In addition, support for nested service chains will provide the exponential scalability needed for metaverse-scale adoption.”

Klaytn Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Klaytn directly using US dollars. Investors seeking to trade Klaytn should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Klaytn using one of the exchanges listed above.

KLAY/USD price chart by TradingView