BTC $10732.64 5.26%
ETH $228.45 3.19%
XRP $0.314873 1.60%
show
show
Witnessing the digital breakthrough

The New Solution By Kakao is Supposedly 15 Times Faster Than Ethereum

10 July 2019 12:10, UTC
The New Solution By Kakao is Supposedly 15 Times Faster Than Ethereum

Representatives of Kakao, a messaging application from South Korea, said that the newly launched blockchain-based network Klaytn is 15 times faster than Ethereum. This was reported at the press conference of Ground X, a subsidiary of Kakao, which is working with blockchains.

It is argued that, as a result of fast processing, the Kakao solution delivers a throughput of 300 transactions per second, compared with 20 transactions per second from Ethereum. General Ground X CEO Han JAE-SUN commented on the achievement:

“I believe it would be the initial version of a mobile [blockchain] service. With the reduced response time, many projects that we believed unfathomable could eventually come true.”

According to the white paper, Klaytn was developed with a hybrid approach that adopts the concepts of consensus nodes (CN) and ranger nodes (RN) to achieve both scalability and transparency. Ground X also said that large companies such as LG have joined the Klaytn governing council and that a number of projects are already being built on the new blockchain and will be released by the end of July.

Image courtesy of Incrypts



Read the best crypto news analysis here! bitnewstoday.com Bitcoin, investments, regulation and other cryptocurrencies
Found a mistake? Select the text and press CTRL+ENTER
Leave a comment
Leave a comment
Report a mistake