1 year anniversary of our mainnet launch 🥳
Today we are proud and excited to mark a special moment in our history: the 1 year anniversary of Cypress mainnet launch!
On June 27, 2019, we launched our mainnet, which combines the best features of both public (decentralized data & control, distributed governance) and private (low latency, high scalability) blockchains. With a mission to drive the mass blockchain adoption, Klaytn is committed to offering high performance, fast response time, and flexible scalability solutions that cater to a wide spectrum of engineering audience, from micro startups to large-scale enterprises.
In celebration of our first anniversary, we are implementing a fee delegation policy, through which we would be paying for all transaction fees on behalf of our partner developers and service providers that run applications on Klaytn. The developers would be able to deploy or execute smart contracts at no cost. Further, any wallet services that support Klaytn’s KLAY and Klaytn-based tokens can also have their transaction fees covered by us so that the users can send or receive tokens at no cost.
We will be running the fee delegation policy for the next 1 year. Current Klaytn partners are eligible first. After examining network and security issues, we plan to extend the policy for any interested developers or service providers seeking to use Klaytn to provide services. For upcoming news, stay tuned to our Medium page.
[About Ground X]
Ground X is the blockchain affiliate of the leading South Korean Internet company, Kakao. With a mission to trigger the mass adoption of blockchain experience for millions of users, Ground X is developing a public blockchain platform, Klaytn. Ground X invites businesses to not only offer cutting-edge blockchain-based services through Klaytn but also collectively operate the platform. Ground X is committed to making blockchain technology easy to reach and use, paving the road for a wider audience to appreciate its value. In doing so, Ground X also focuses on leveraging blockchain to drive social impact and creating a stable blockchain ecosystem. For more information, visit https://groundx.xyz.
Klaytn is a global public blockchain platform developed by Ground X, the blockchain subsidiary of the leading South Korean Internet company, Kakao. Klaytn is a service-centric blockchain platform providing intuitive development environment and friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency.