Kaia Chain is a blockchain platform formed through the merger of two prominent blockchain projects: Klaytn and Finschia. Klaytn was initially developed by GroundX, a subsidiary of the South Korean technology conglomerate Kakao Corporation, and launched in June 2019. Finschia, on the other hand, was developed by LINE Corporation, a Japanese subsidiary of the South Korean internet search giant Naver Corporation. The integration of these two platforms combines their strengths to create a high-performance, enterprise-grade blockchain aimed at accelerating Web3 adoption across Asia.
Kaia Chain offers several key features, including 1-second block times, immediate transaction finality, and a processing capability of 4,000 transactions per second. It maintains EVM (Ethereum Virtual Machine) compatibility, supporting Solidity smart contracts, which facilitates easy migration for Ethereum developers. The platform also integrates with widely used messaging applications like KakaoTalk and LINE, providing seamless access to blockchain services for over 250 million users.
The governance of Kaia Chain is managed by the Kaia Governance Council, comprising reputable corporations worldwide. This council ensures the security and stability of the network, making it a preferred choice for businesses looking to deploy fast, cost-effective, and scalable blockchain solutions.
In summary, Kaia Chain is the result of a strategic merger between Klaytn and Finschia, leveraging the technological advancements and user bases of both platforms to foster mass Web3 adoption in the Asian market.
