Klaytn Partners With ConsenSys On Blockchain Solutions To Advance Korea’s Digital Currency Project

SEOUL, South Korea, April 22, 2021 /PRNewswire/ -- Klaytn, the general public blockchain challenge of Korea's Web large, Kakao, has right this moment introduced that it's strategically partnering with ConsenSys, the main Ethereum software program firm, to advance the Klaytn platform's built-in digital forex efforts. 

As a part of this technological cooperation, Klaytn and ConsenSys will work to advance the efficiency of the Klaytn, an Ethereum-forked public community, and develop a non-public model of it with particular options together with:


  1. Privateness to replicate the rising concern round knowledge safety amongst monetary establishments
  2. Scalability layer 2 resolution to serve a lot of customers with out compromising velocity
  3. Interoperability to bridge a number of blockchains
These options might be essential to optimize the CBDC platform that Klaytn is getting ready to take part within the Financial institution of Korea pilot later this 12 months. ConsenSys will architect an answer utilizing its Enterprise Ethereum stack, together with ConsenSys Codefi Asset, Codefi Funds, and MetaMask. "We're pleased to cooperate with ConsenSys to strengthen our public community and likewise construct a non-public community that may cater to a profitable CBDC distribution take a look at," mentioned Jason Han, the CEO of Floor X. "We additionally sit up for enhancing the interoperability between Klaytn and Ethereum to permit digital property to seamlessly move throughout two chains," he added.

"We're delighted to accomplice with Klaytn, a key participant within the public blockchain ecosystem, to boost the effectivity, safety, and scalability and velocity of its operations on the Ethereum community.

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