Klaytn Foundation Joins U2U Network as a Node Validator: A Strategic Move for Blockchain Advancement

The Foundations of Success

Developed by leading Korean IT company Kakao, Klaytn is a global Layer 1 public blockchain designed to power tomorrow’s on-chain world. With the lowest transaction latency amongst leading blockchains, enterprise-grade reliability, and a developer-friendly environment, Klaytn provides a seamless experience for users and developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating blockchain mass adoption through a broad array of use cases from DeFi to real-world assets, entertainment and gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the only globally competitive Web 3.0 ecosystems developed in South Korea, generating more than 1 billion transactions from over 300 decentralized applications.

Klaytn Foundation was established in 2020 to expand the ecosystem of Klaytn, a global Layer 1 blockchain platform, and has since been actively collaborating with its Governance Council members worldwide. Klaytn Foundation facilitates the adoption and development of new technologies to ensure that Klaytn fulfills its role as an open, trusted, and sustainable blockchain platform for developers and users alike. It also facilitates decision-making to ensure that the ecosystem continues to expand optimally in the rapidly changing blockchain landscape. In line with its long-term Governance Roadmap, Klaytn Foundation plans to fully implement the Decentralization Phase of the Klaytn blockchain in 2023 and beyond.

U2U Network is a DAG (Direct Acyclic Graph) based and EVM-compatible chain focused on providing infinite scalability and decentralization on demand. U2U Network is committed to delivering robust solutions for real-world applications and aspires to be the one-stop solution for enterprise-level needs. 

Helios Consensus - the backbone of the U2U Network - offers up to 500,000 TPS with only 650 ms transaction finality time, and aBFT consensus with major layers protection dPOS, PoET, PoR and TEE efficient guarding against attacks. Multi-sharding mechanism, Subnets Technology, and OstracismVM are the elements that showcase our commitment to adaptability, efficiency, security, and scalability. 

U2U Network is committed to delivering robust solutions for real-world applications and aspires to be the one-stop solution for enterprise-level needs.

Klaytn Foundation Joins U2U Network as a Node Validator

As stated in the previous announcement, U2U Network and Klaytn Foundation have joined forces to empower the developer community in Vietnam, provide robust support to the country's Web3 projects, and offer assistance to projects across Asia. Klaytn Foundation becoming a node validator for U2U Network is our first step in a long-term partnership, committed to nurturing a robust and inclusive blockchain ecosystem in the region. 

The decision of Klaytn Foundation to serve as a node validator on U2U Network marks a significant leap in ensuring our network's security, efficiency, and scalability, as well as bringing a layer of trust and technical robustness. As a node validator, Klaytn Foundation will not be limited to maintaining reliability and network security but it also plays a pivotal role in the development of a stable chain. This partnership signifies a strong foundation for future growth, enhanced user experience, and a more vibrant ecosystem for developers working on Web3 projects.

By becoming a node validator for U2U Network, Klaytn Foundation not only extends its influence and presence in the blockchain community, especially in Vietnam but also creates opportunities to form strategic partnerships with other entities within the U2U ecosystem, facilitating cross-platform collaborations and integrations. U2U Network will serve as a vital bridge for Klaytn Foundation, facilitating its expansion into the Vietnamese market — a region brimming with incredible opportunities for Web3 development.

Moreover, with Klaytn Foundation as one of the node validators, U2U Network is assured of becoming a more secure and reliable platform, which are key and attractive aspects in the current blockchain landscape. Through this partnership, U2U Network will be able to expand its market, influence, and capabilities, not only within the Klaytn Foundation community but also in the broader blockchain sphere. 

The joint forces of Klaytn Foundation and U2U are expected to catalyze a surge in awareness and adoption for both networks. This partnership is an opportunity to draw a diverse audience, nurturing a more inclusive and innovative blockchain community. 

Conclusion

In conclusion, the collaboration between U2U Network and Klaytn Foundation, with the latter becoming a node validator, is a landmark development for the blockchain community. It promises enhanced network performance, increased trust among users, and a solid platform for future innovations in the Web3 world. 

As this partnership progresses, it paves the way for a more secure and innovative one-stop solution for real-world applications. However, this is just the beginning. The community can anticipate many more significant developments arising from this long-term partnership.

Stay tuned for more updates! We are just getting started on this journey of innovation and growth. The future looks bright, and we are thrilled to have you with us as we explore these new frontiers in blockchain technology.