Klaytn- South Korea's leading Layer 1 blockchain

Klaytn is an open-source public blockchain designed for tomorrow's on-chain world.

Klaytn Architecture-

Klaytn blockchain network is a combination of multiple peer-to-peer subnetworks composed of Klaytn nodes transmitting transactions and blocking data to execute value transfers and to execute smart contracts. It consists of

Core cell network (CCN)

Core Cells (CCs) that verify and execute transactions submitted through Endpoint Nodes (ENs). CCN is also responsible for creating and propagating blocks throughout the network.

Endpoint Node Network (ENN)

It consists of endpoint nodes that mainly create transactions, handle RPC API requests, and process data requests from service chains.

Service Chain Network (SCN)

Service chains are connected via ENN to handle data requests together with the Klaytn network.

Block Generation

A round is a block generation cycle in Klaytn. Each round generates a new block and is immediately followed by the start of a new round. The Block should receive a sign from 2/3 rd of the committee members to be successfully finalized.

Klaytn uses an optimized version of Istanbul BFT, which implements PBFT with modifications to deal with the blockchain network's characteristics.

Klaytn Main features-

Transaction per second - 4000

Block generation and confirmation time - 1 second

Low gas price that is almost 1/10 of Ethereum.

 KLAYUSD prices pared more than 40% after jumping more than 150%. It hit a high of $0.277  and is currently trading around $0.1825. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $0.280, any indicative breach above will take the pair to $0.370/$0.50. On the lower side, immediate support is $0.15, and any violation below targets $0.10.

Indicators ( Daily chart)

CCI(50)- Bearish

Directional movement index - Bearish

It is good to buy on dips around $0.10 with SL around $0.05 for TP of $0.280.