Kalima & PrivaChains
Kalima is a network of blockchains built to notarize and monetize data from enterprises including IoT systems. The Kalima Blockchain Network is composed of the Kalima Mainchain, secured by its native KLX token and permissioned blockchains called Kalima PrivaChains. With Kalima, you can build an entirely autonomous decentralized application on your PrivaChain.
Kalima’s initial goal is to create a new standard of Blockchain IoT applications for businesses. More generally, Kalima is a new way to interconnect objects, people, and services with trust and bring new data monetization possibilities.
Kalima empowers enterprises and developers to build the next generation of sustainable blockchain applications building bridges between the physical and the digital world.
What are PrivaChains?
The Kalima ecosystem, fuelled by its native token, the KLX, is composed of the Kalima MainChain, and a network of PrivaChains. But what are PrivaChains?
Kalima PrivaChains are independent blockchains that can easily be created and owned by any business of any size wishing to expand its revenue streams, made possible through the multitude of innovative features they were designed with.
These PrivaChains are permissioned blockchains. In other words, a PrivaChain is independent and possesses its own governance, meaning its privacy and rules are entirely designed and chosen by its owner, or owners, in case it is owned by a group of companies rather than a single entity.
Kalima has multichain capabilities with Tezos and Bitcoin (through the Lightning Network) and soon Ethereum and Cosmos to offer a hybrid private/public blockchain solution. These multichain features are of paramount importance for bringing value to PrivaChains, as increased interoperability can be translated as extra opportunities for generating revenue.
A company, an individual, or a group of companies can therefore create its own PrivaChain with its own rules of operation and governance. PrivaChain holders can develop decentralized applications (dApps) and deploy them on their PrivaChains and can benefit from interacting, or not, with other PrivaChains within the Kalima ecosystem, and so much more.
Kalima wants to help businesses and developers create their own tokens designed for their business model inspired by their ideas.
Why own a PrivaChain?
Kalima PrivaChains are unique in nature and offer a wide array of utilities for any business of any size. A business or a group of businesses may choose to own a PrivaChain for the following reasons:
1. Develop new business models, or expand and improve existing ones
Kalima enables companies and developers to create applications including the possibility to monetize the collected data. Kalima will allow deploying your own custom token to monetize your business models converting physical data into a liquid token tradable in the community.
Kalima’s functionalities allow businesses and developers to develop dApps, for a multitude of use cases based on the integrity of data transmission and the immutability of data storage.
Examples of uses: Pay-per-use utility token, asset tokenization, NFTs, data monetization…
PrivaChain owners can also stake their KLX tokens to obtain passive rewards in KLX.
2. Absolute freedom, full flexibility, and independent governance
As previously mentioned, PrivaChain owners have complete control over what goes on in their PrivaChains. Whether it is about the PrivaChain rules or if other PrivaChains get to interact with it or not, (who gets to share or purchase data from them) it is entirely in the owner(s) hands.
Furthermore, the particularity of the Kalima technology is that it allows bringing smart contracts to the edge (at the source), i.e., directly into connected objects such as mobile phones, vehicles, and buildings, meaning smart contracts can interact with data as soon as it is collected. This assures the processed data is authentic and genuine and opens a multitude of possibilities for IoT blockchain applications.
3. Fast, Low cost, low energy consumption, and limitless scalability
Each transaction carried out on the Kalima network will generate gas fees. These fees remain very low within the Kalima ecosystem and have an essential role in compensating network validators, as well as preventing network spam by introducing a real cost.
For this purpose, a gas fee system is set up on the Kalima blockchain which will be applied to each transaction at a price of 0,00025 €/kb. The latency for such transactions is lower than a second, making transactions extremely fast and efficient.
Kalima Blockchain offers a unique Delegated Proof of Stake consensus mechanism. This unique and energy-saving solution gives Kalima the potential to save computation cycles, scale efficiently, and respond to the multitude of enterprise use case requirements by providing a secure, robust model for identity, auditability, and privacy.
Finally, Kalima PrivaChains are limitlessly scalable in nature and can withstand global demand in terms of transactions per second. As a matter of fact, each PrivaChain can process 1000 transactions per second, with no limits on the number of PrivaChains created, which can quickly reach astronomical amounts of transactions per second.
In other words, Kalima has the potential to host a PrivaChain for as many small businesses and large industrial players as it wants with no risk of congestion or network slowdowns which is a must for a scalable future.
4. Rewards for early adopters, in KLX
As a means of bootstrapping the Kalima network, the first 1000 Privachains will benefit from available rewards once deployed.
For this, 10 reward levels have been put in place, rewarding further earlier PrivaChains, and will work in the following way:
- The first 10 Privachains deployed on Kalima Blockchain can obtain a reward of 200 million KLX for each PrivaChain. Rewards will continue until the 1000th PrivaChain, with rewards being reduced at every level, greatly rewarding earlier PrivaChain owners.
Conditions and rewards for the following levels are described on the Kalima whitepaper.
How to create a PrivaChain?
To deploy a PrivaChain on the Kalima blockchain, the PrivaChain holder must create a set of Master Nodes and Validation nodes. The creation requires a payment to the Kalima foundation from the PrivaChain holder. This payment corresponds to the cost of setting-up the PrivaChain and the deployment of the nodes to ensure best performance on the chain, each project having full independence and high degree of customization.
The cost of a PrivaChain will then depend on the number of nodes PrivaChain want to have on their network.
- The cost for a Master node is: 8.000.000 KLX
- The cost for a Validation node is: 2.000.000 KLX
A Privachain can choose to delegate its validation and master nodes to Validation Pools or to delegate to independent Master nodes and validation nodes.
The Kalima ecosystem aims to enable the development of multiple dApps. Each developer can use the Kalima tools to develop their application based on a Kalima PrivaChain.
1) Develop and test your DApp with the Kalima SDK GitHuB.
2) Create your own Privachain or join an existing PrivaChain
3) Launch your dApp and interact with other PrivaChains or public chains. Bring networks together and create value through multichain interactions.
4) Connect your dApp to the Kalima Marketplace to make it available to the community.
Kalima, APIs are designed to be extremely usable, so that a relatively unskilled developer can write code on top of Kalima Blockchain without too much trouble.
Kalima offers open SDK with multiple standard languages. The Kalima SDK is the tool to build and test dApps on the Kalima ecosystem. Kalima SDK uses standard languages such as Java, C#, C, Java Script, Python, and is compatible with Linux, Windows, Android, iOS, and Mac OS.
Kalima KYC Exclusive Airdrop
Kalima will be releasing an exclusive Airdrop of a total of 100,000€ split between 1000 winners. The first 1000 users who will KYC through our platform will each be guaranteed to receive 100€ in KLX.
The official date of the start of the Airdrop is the 31st of October. The time will be released very soon on our Twitter page.
This will be done on a first come first serve basis, so get ready!
Follow our Twitter for the latest information to make sure you do not miss this opportunity.
Conclusion
Kalima is a network of blockchains built to notarize and monetize data from enterprises including IoT systems. The Kalima ecosystem is fuelled by the KLX token, the network's backbone.
PrivaChains can be created by businesses of any size for generating new revenue streams, by developing new business models, or by improving and expanding existing ones. They are fast, low cost, consume very little energy, and have no limit for scalability.
In the process of concluding its private sale, Kalima has announced on the roadmap on its website, kalima.io, that its public ICO will take place in February 2023
Today, the Kalima blockchain is mature and scalable and is the most adapted and efficient IoT blockchain on the market to develop scalable industrial applications.
More information and exclusive content will be published on our social network in the coming weeks: https://linktr.ee/Kalima_KLX
