Understanding Klever Blockchain Technology

What is Klever Blockchain?

Klever is a layer 1 blockchain technology created to provide a public network for decentralized applications. KLV is an operational and transactional currency on the blockchain and it´s used to pay network fees and execute Kapps.

Klever Blockchain handles the demands of modern digital interactions. Moreover, it operates on a decentralized network, which means that no single entity has control over the entire system. Decentralization enhances security and transparency by recording all transactions on a public ledger that cannot be altered or tampered with. Also, the platform processes a large number of transactions per second, making it efficient and scalable for various uses, from financial services to supply chain management.

In July 1st, 2024, Klever Blockchain celebrated 2 years. For two years, Klever blockchain has functioned seamlessly, boosting efficiency and advancing cutting-edge blockchain technologies. This achievement reflects the unwavering commitment and innovative efforts of the Klever team, who have diligently developed a robust and user-friendly blockchain ecosystem.

Klever has already achieved significant milestones, boasting over 52 million transactions, 150K + addresses, 175 validators (118 assets) and 160+ of tokens (KDA) created (Projects that run on kleverchain).  Let’s see more about Klever Blockchain.

Klever Vision

Klever Blockchain seeks to make financial tools accessible to everyone by offering public financial services worldwide. Through cutting-edge blockchain technology, Klever enables individuals and businesses to engage in the decentralized economy with enhanced security and efficiency.

Klever Value

Klever Blockchain’s distinctive value lies in its emphasis on security, stability, and innovation. The platform enables users with minimal blockchain expertise to build and deploy applications effectively by being highly user-friendly. Its governance model also ensures community involvement in its development, fostering a transparent and accessible ecosystem. These elements collectively position Klever Blockchain as a leader in innovative blockchain solutions.

Benefits of Klever Blockchain Technology

1. KFI as a Governance Token: KFI holders can vote on key decisions, enhancing platform security and transparency. This empowers users and developers to create a safer and more innovative blockchain ecosystem (100% decentralized governance).
2. Low fees: With decentralized blockchains, there is no need for intermediaries such as banks or payment processors in the process which diminishes transaction fees. A basic transaction today, on Klever, costs 3 KLV.
3. Faster: The system carries out transactions pratically instantly. We have already recorded a peak of 3K TPS – transactions per second.

4. Offer a Flexible Staking Reward System (APR or FPR) for Klever Network Token Holders (KDA – Klever Digital Assets):

   • APR (Annual Percentage Rate): The Klever team sets annual returns for users who stake their KDA tokens, with rewards derived directly from the KDA itself.

   • FPR (Flexible Proportional Return): KDA holders periodically replenish the return pool with their contributions of other KDAs. This approach leverages Kleverchain’s innovative features to provide dynamic and adaptable rewards.

5. Expanding the usefulness of KDA within the network with the creation of the KDA Fee Pool: token owners can enable the pool for their users to pay network fees with their tokens (which will be converted internally to KLV within the Pool in a transparent way). Currently, Klever Blockchain counts with 30 Active Pools.
6. ITO: Serve as an innovative fundraising mechanism, allowing creators and businesses to raise capital by offering their tokens to the public.
7. Klever Virtual Machine (KVM): Ability to execute native Smart Contracts on the Klever network (available on testnet). It is worth highlighting the importance of our community helping us by testing it in our testnet environment while we wait for the promotion to mainnet.

1. Avail DA Mainnet was launched: On July 23, 2024, the Avail DA Mainnet was officially launched, ushering in a new phase for Avail and Klever Wallet users. This launch allows users to fully leverage Avail’s blockchain network, taking advantage of its advanced features and smooth integration with Klever Wallet.
2. Rust Adoption by Klever: This development kit is designed for the Klever Virtual Machine (KVM), offering a productive environment for developers to write smart contracts on the Klever Blockchain.