The Klaytn Foundation has announced key changes to the blockchain’s governance system and tokenomics. The new initiatives are expected to boost the blockchain’s sustainability and decentralization. Klaytn, the leading layer 1 blockchain from South Korea, is set to undergo a series of changes to its governance system and its tokenomics. According to the Klaytn Foundation, […]
Klaytn has gone through the development and stabilization phases and is currently in its decentralization phase, the final stage of its governance roadmap.
Furthermore, the Klaytn Foundation will take over the operational control of the network from its original developer, Krust Universe. The aim is to expand its scope and capabilities to support the development of new applications and services on the network.Klaytn Governance Council, outlining key changes to its tokenomics. The Governance Council will vote on the same starting 22 February through 28 February.
“With our new initiatives, the Klaytn blockchain has an opportunity to take yet another step towards decentralization. The Foundation remains steadfast in its commitment to advancing blockchain technology, fostering community trust, and relentlessly working towards decentralization.”
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