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About KalyChain
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What is KLC?
: KalyChain is an EVM-enabled Blockchain that aims to complement the original KalyCoin token. -
Founders of KLC
: KALYCHAIN was launched by KALYSSI, founded and led by Abdoulaye Touré since 2017. -
What makes KalyChains unique?
: Combines IBFT 2.0 consensus algorithm with Proof of Authority (PoA) algorithm for security and scalability. -
Circulation of KLC
: Maximum supply is 7 billion coins, with 3,570,000,000 coins initially pre-mined (51%).</
About KalyChain: Empowering the Future of Blockchain Innovation
Introducing KLC: A Revolutionary Cryptocurrency
KalyChain is an EVM-enabled blockchain designed to augment the original KalyCoin token, initially hosted on the Binance Smart Chain (BSC) network. However, in response to user needs and market demands, we have adopted a novel approach, migrating the KLC BEP20 token to an EVM-enabled proof-of-stake (PoS) consensus system blockchain, facilitating seamless interaction with the technological and financial ecosystem. As a proof-of-stake blockchain, KalyChain strives to provide unparalleled scalability and security. Notably, KalyChain prioritizes community and investor interests, focusing on continuous improvement and application development within the KalyChain ecosystem. KalyChain concentrates on developing innovative financial applications and solutions that leverage blockchain technology for both private companies and the general public, granting users access to a burgeoning DeFi, GameFi, and NFT ecosystem.
The Visionaries Behind KLC: Meet the Founders
KALYCHAIN was inaugurated by KALYSSI, a company founded and helmed by Abdoulaye Touré since 2017, with a primary focus on payment and money transfer services. By 2020, KALYSSI had successfully integrated a crypto offering into its repertoire via three distinct projects: KalyPay, Perfectnodes, and Kalychain. To bring this ambitious venture to fruition, Abdoulaye Touré assembled a formidable team boasting extensive expertise in cutting-edge technology, finance, and legal matters.
What Sets Kalychains Apart?
KalyChain is an enterprise blockchain that synergistically combines the Istanbul Byzantine Fault Tolerance (IBFT) 2.0 consensus algorithm with the Proof of Authority (PoA) algorithm, thereby providing a secure and scalable platform for enterprise applications. Some of the most notable features of KalyChain IBFT 2.0 include: ▪ Efficiency and scalability: the IBFT 2.0 PoA consensus system boasts high efficiency and scalability, surpassing other consensus systems such as Proof of Work (PoW) and Proof of Stake (PoS). ▪ Enhanced security: IBFT 2.0 employs a voting consensus technique, wherein all participating nodes must unanimously approve a transaction before it is added to the blockchain record, thereby bolstering the security and integrity of the blockchain.
The Total Supply of KLC in Circulation
The maximum supply of Kalychain coins is capped at 7 billion, with an initial pre-mine of 3,570,000,000 coins, accounting for 51% of the total supply. To safeguard the interests of investors and ensure the project’s long-term viability, the Kalychain project will strategically allocate its coins across the following areas:
▪ Spearheading the development of KalyPay, Perfectnodes, and Kalychain projects ▪ Pioneering research and development initiatives ▪ Crafting innovative marketing strategies ▪ Founding team leadership
The remaining 49% is allocated to the validators (capped at 25) who ensure the stability and security of the Blockchain. As an initial incentive, they receive 3 KLC per validated block, with this reward halving every 4,576,000 blocks validated, which occurs approximately every 2 years.
Ensuring Unwavering Security: The Kalychain Advantage
KalyChain is a cutting-edge blockchain platform built upon the robust foundation of Besu 2.0 Hyperledger, leveraging the innovative power of Ethereum technology. This pioneering solution offers a plethora of distinctive and valuable features tailored to meet the specific needs of businesses and organizations seeking to harness the transformative potential of blockchain technology. Notably, Hyperledger Besu 2.0 boasts an array of key features, including:
▪ Compatibility: KalyChain boasts seamless compatibility with the Ethereum mainnet, thereby enabling the seamless deployment of Ethereum-based decentralized applications (dApps) and smart contracts. Furthermore, it offers the flexibility of multiple consensus mechanisms, allowing users to select the most suitable consensus algorithm tailored to their specific requirements.
▪ Privacy: KalyChain boasts cutting-edge confidentiality features, leveraging innovative technologies like Quorum and Nightfall to ensure enhanced privacy. Furthermore, the platform seamlessly integrates with private networking and enterprise-grade privacy solutions, including Intel SGX, to provide an additional layer of security.
▪ Proof of Authority (PoA): Besu’s PoA algorithm eschews computing power in favor of authority to validate transactions, where validators are chosen by nodes within the network, thereby mitigating the risk of 51% attacks.
▪ Interoperability: KalyChain IBFT 2.0 PoA seamlessly facilitates integration with diverse blockchain technologies, enabling effortless collaboration with other EVM and Hyperledger projects.
▪ Enterprise Support: KalyChain is a cutting-edge, enterprise-grade Blockchain platform meticulously designed to cater to the diverse needs of businesses and organizations seeking to harness the transformative power of Blockchain technology.
▪ Security: KalyChain boasts a robust and highly secure blockchain platform, fortified with a comprehensive array of security features. These include, but are not limited to, robust defenses against DDoS attacks, stringent cryptographic signature verification, and meticulous identity and certificate validation. Furthermore, the platform is subject to rigorous and regular security testing, ensuring the utmost protection of assets and sensitive information.
▪ Integration: KalyChain facilitates seamless integration with other enterprise solutions, empowering companies to craft bespoke Blockchain solutions that harmonize effortlessly with their existing systems. The platform’s versatility is underscored by its support for a diverse range of programming languages and frameworks, rendering it highly adaptable and customizable.
Notably, KalyChain is a secure, efficient, and scalable blockchain platform, meticulously designed to cater to the needs of businesses and organizations seeking to implement high-caliber blockchain solutions.
Where to Acquire KLC?
KLC is listed on WhiteBit:
https://whitebit.com/trade/KLC-USDT?type=spot&tab=open-orders
We are currently in the process of migrating coinsbit, Azbit, and Latoken exchanges to our blockchain, Kalychain. We will notify you once the migration is complete, at which point you will be able to add them.