Technical structure of Kaia token:
- Blockchain Foundation: Kaia is an Ethereum-equivalent Layer 1 public blockchain. This means that Kaia has similar core functionality to major blockchains like Bitcoin, Ethereum, etc.
- Consensus Mechanism: Kaia uses a highly optimized version of Byzantine Fault Tolerance called Practical Byzantine Fault Tolerance (pBFT). This mechanism provides 4,000 real-world transactions per second (TPS), 1-second block time, and instant absolute finality.
- Block Time and Transaction Speed: Kaia is known for its 1-second block time and near-instant transaction finality, ensuring transactions are processed quickly and accurately.
- Token Standard: The Kaia token works similarly to the ERC-20 token standard on Ethereum, but Kaia also has its own proprietary token standard. This determines how the token is circulated and governed.
- Developer Friendly Features: Kaia offers features like low TX latency, account abstraction, and fee delegation for developers. These features make the app development process easier and more efficient.
- Scalability: Kaia's technical architecture is designed to handle high transaction volumes, making it suitable for high-demand applications.
Kaia's technical structure aims to benefit from the power and security of blockchain technology while providing a user-friendly experience specifically developed for the Asian market.
Layer-1 blockchain from two major chat apps in Asia
Launched as the world's fastest EVM blockchain with 1-second finality, ultra-low gas fees, and support from leading Asian web3 partners like Kakao and LINE NEXT
Kaia was created in April as a result of the merger of Kakao’s Klaytn and LINE’s Finschia.
LINE is a leading chat app in Japan, Taiwan and Thailand, while Kakao dominates a messaging app used by 96% of South Koreans. According to the press release, the two apps have a combined total of more than 250 million users.
Through its close interaction with messaging apps Kakao and LINE, Layer-1 blockchain aims to solve Web3’s user experience and distribution issues. Ultimately, it aims to create an ecosystem that supports DeFi, gaming, real-world assets, and web-based chatbots.
Through its NEXT WEB software development kit (SDK), Kaia aims to enable developers to create small dApps (distributed applications) on LINE Messenger, thus enabling “Telegram-style native app integration.”
“By leveraging Kaia’s low TX latency, account abstraction, and fee delegation capabilities, developers can create a seamless user experience from start to finish while expanding their reach to hundreds of millions of LINE users,”
Alongside the mainnet launch, a developer support program called Kaia Wave was also announced. Using the NEXT WEB SDK, eligible teams will receive marketing, technology, and business support worth $1.2 million per team. Future token production events and liquidity support are also among the other benefits.
Here is the latest information about Kaia (KAIA) coin:
- Current Price: Kaia's price today is approximately $0.216 USD. The 24-hour volume is $100,768,060 USD and the price is down 6.06% in the last 24 hours.
- Market Cap: Kaia has a market cap of $1,633,881,045 USD and is ranked#77on CoinMarketCap.
- Circulating Supply: Kaia's circulating supply is 5,895,079,875 KAIA.
- Trading on Exchanges: KAIA tokens are traded on various centralized exchanges. Among the most popular exchanges is Binance. Especially on Binance, the KAIA/USDT pair is quite active, recording a trading volume of $42,386,484.88 in the last 24 hours.
- Finschia and Klaytn Merger: Kaia was formed by the merger of Finschia and Klaytn. It is stated that the total supply will increase after this merger.
- Community and Market Situation: The community has a generally positive outlook on Kaia's future. However, investors should be careful given price fluctuations and market conditions.
Ecosystem Integration: Kaia integrates with the user bases of major messaging applications such as Kakao and LINE, allowing these users to easily access Web3 applications.
This supports the growth and expansion of the ecosystem.
#RideTheKaiaWave #Binance #Kaia #BTC #LİNK