Hassan Maishera
The Klaytn Foundation announced via a blog post on Wednesday that it has partnered with Web3 company Parity. The partnership has led to the development of a Substrate-based Klaytn chain, Klaytn-Substrate.
Klaytn said the Klaytn-Substrate will initially serve as an alternate implementation of the Klaytn specification and as a sidechain to their main chain. It will be bridged to Polkadot and to the Klaytn mainnet to act as an intermediary environment where collaborative technological, business case, and community initiatives can combine in interesting and synergetic ways, the team added.
Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao with 50 million users worldwide. KLAY is up by less than 1% in the last 24 hours and now trades at $0.450 per token.
