Ahead of their mainnet launch scheduled for the last week of June 2022, the team behind KleverChain, a proof-of-stake blockchain with 21 validators, has released its technical whitepaper detailing the chain’s workflow.
The KleverChain Whitepaper
According to a post on June 24, the release of the KleverChain whitepaper precedes the mainnet launch, a major milestone for the ambitious project led by research, meticulousness, and desire to continuously improve processes for better service offerings to clients.
The KleverChain whitepaper captures the platform’s history, presence, and grand plans. Specifically, the document highlights the team’s plans to build a cyclic, beneficial ecosystem that connects and powers all Klever products. The team has created a rigorously tested platform complying with distributed ledger technology (DLT) principles. On launch, KleverChain will revolutionize the industry as we know it, empowering more users and giving more latitude to developers.
Their immediate focus is to simplify blockchain processes and activities, eliminating needless complexities that slow down user adoption. At the core is to build an overly simplified platform that anyone, regardless of their technical know-how, can easily navigate and deploy any of the supported products.
Why KleverChain Stands Out
Klever already supports one of the fastest cryptocurrency exchanges, supporting various tokens and a secure, non-custodial crypto wallet with over three million users. The KleverChain will address current challenges facing mainstream blockchains like Ethereum, the BNB Chain, and others by being the fastest, most secure, reliable, and easy-to-use blockchain. Specifically, to overcome scaling limitations, KleverChain’s processing capacity will be directly proportional to network activity.
Therefore, while networks like Ethereum or the BNB Chain buckle with high demand for block space, forcing transaction fees higher, KleverChain users will enjoy lower fees with unparalleled levels of performance, especially when there is high demand in the network.
Besides, their inclination to simplicity means the team has worked around hindrances around demands in smart contracting skills and KleverChain applications (Kapps) deployment. According to the KleverChain whitepaper, the platform will, by default, support native token creation on top of users’ ability to create features without the need for complicated smart contracts.
To enable this feature, the blockchain will allow developers to create customized interfaces through the Klever OS Software Development Kit (SDK). This SDK, the development team notes, doesn’t require developers to necessarily have crypto and blockchain know-how. Subsequently, KleverChain is empowering creators to build functional products that will further decentralize financial services, availing them to all users. In addition to the SDK, KleverChain has pre-built, ready-to-use kapps and functionality on the blockchain, meaning the platform offers beyond smart contracting capacity.
The 100k KLV Giveaway
The launch of the KleverChain whitepaper also coincided with the announcement of the 100k KLV giveaway for its sprawling, active community of users across all supported social media channels.
For a chance to win, users have to download the whitepaper. After that, they must find a phrase or statement in the document that stands out and share them on Twitter, tagging Klever. Users participating in this giveaway must fill out a form indicating their country and submit the required details.