Klaytn is a blockchain platform developed by the South Korean internet company Kakao. Designed to provide a user-friendly experience, Klaytn focuses on enabling businesses to build and deploy applications quickly and efficiently. The platform features a hybrid architecture, blending both public and private elements. This allows for high scalability and low latency, making it suitable for enterprises that require fast transaction times. Klaytn also supports smart contracts, which facilitate automated processes and transactions without intermediaries.Klaytn’s ecosystem encourages developers to create decentralized applications (dApps) while fostering partnerships with various industries. It includes a governance council comprised of reputable organizations that help maintain the network and ensure stability.The native cryptocurrency of Klaytn is KLAY, which is used for transactions and incentivizing participants within the network. The platform aims to make blockchain technology more accessible to businesses and users, thereby driving wider adoption and innovation in various sectors.