### What is Klaytn?

Klaytn is a global Layer 1 public blockchain designed to provide an enterprise-grade, seamless experience for users and developers. It aims to power tomorrow's on-chain world by offering a developer-friendly environment with high reliability.

### How does Klaytn work?

Klaytn operates on a hybrid blockchain model that combines elements of public and private blockchains. It uses a modular network structure allowing businesses to run service-oriented blockchains on its architecture. The Klaytn network comprises Core Cells (CCs) for transaction verification and execution, and Endpoint Nodes (ENs) for handling API requests. Klaytn employs an enhanced Istanbul Byzantine Fault Tolerance (IBFT) consensus mechanism for quick transaction finality, typically achieving 1-second block times.

### What are the potential use cases for Klaytn?

Klaytn serves various industries with its blockchain capabilities. Key use cases include:

- **Entertainment and Gaming**: Supporting metaverse development and gaming platforms.
- **Finance and DeFi**: Enabling DeFi projects with features like yield farming and crypto-backed stablecoins.
- **Healthcare and E-commerce**: Facilitating healthcare services and secure transaction services in e-commerce.
- **Enterprise Solutions**: Allowing businesses to create custom service chains and providing tools for blockchain development.

### What is the history of Klaytn?

Klaytn was developed by GroundX, a subsidiary of Kakao, South Korea's largest mobile platform. The official launch of Klaytn was in June 2019, focusing on the metaverse and creator economies. In August 2021, the Klaytn Foundation was established to support global expansion. The platform has seen significant partnerships and developments in real-world asset tokenization, enterprise adoption, and gaming ecosystems.

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