Good Morning, Full speed ahead with Klaytn!
On September 7, MyCreditChain signed a partnership agreement with Klaytn. Klaytn is Kakao’s global public blockchain project. The Good Morning Service, a platform created with the purpose of demonstrating value and usefulness of blockchain technology, was what encouraged Klaytn to partner with MyCreditChain. Good Morning and Klaytn will expand development and ecosystem with the goal of providing ‘realistic’ services for practical use.
What is Klaytn?
What is Klaytn and why can’t people stop talking about it? Klaytn is a public blockchain platform developed by Kakao’s Token swap.
Most importantly, Klaytn is mainnet platform*. Other Tokens may be based on Klaytn (such as MCC tokens), and Klaytn itself may issue coins. For those who are unfamiliar with blockchain terms, <Klaytn is a blockchain platform that can be easily used through various services of Kakao>. The KakaoTalk service and MCC tokens combined! Do you see where this is going?
※ What is Mainnet? As an independent blockchain platform, various ecosystems such as cryptocurrencies and services can be formed from it.
Why go from Ethereum to Klaytn?
The existing MCC platform consists of blockchain-based on Ethereum. This Mainnet contract will soon change to Klaytn. Why?
Klaytn’s mainnet on average generates 1 block per second. Ethereum, on the other hand, takes around 15 seconds. How fast is this? The Transactions per second (TPS) has been increased to 1,500. Compared to Ethereum at 20 TPS, can reach up to 200 times faster. As a result, the service usage speed experienced by users is similar to “traditional web services”. In particular, Klaytn’s gas fees (mining costs) are around 1/10th of the costs compared to Ethereum, making the fees almost non-existent. After testing with four of the top security firms in Korea, it has been proven to be safe in terms of security. Klaytn is cheaper, faster, safer so why wait?
Don’t know much about Blockchain? No need to worry!
Blockchain services have not widely used until now because of the difficult barriers that users face in order to use them. Many can agree that all the procedures for keeping a wallet address safe and trading cryptocurrencies are far too difficult. What if one could exchange tokens easily and comfortably similar to sending a message? What if Kakao’s 40 million users have access to Good Morning through Kakao’s various services and become interested in MCC tokens? This will lead to the Popularization of Good Morning 》 Increase in Users(Potential Investors) 》 Higher MCC Prices! Dreams will be reached with Good Morning x Klaytn!
Good Morning and Klaytn Partnership
Good Morning has been used by over 200,000 global users since its Grand Open in April. For Klaytn, which aims to become a global blockchain platform, the Indonesian market, which has a total population of around 250 million, is a very attractive market. Klaytn has recognized the strength, future, and value of Good Morning, which has already reached the Indonesian market. The relationship between Good Morning and Klaytn is a strategic business partner for the global market!
If you want to learn more about Klaytn
▶ Klaytn White Paper: https://docs.klaytn.com/
▶ Klaytn Token Economy: https://www.klaytn.com/Klaytn_Token_Economics_and_Governance_Paper_V1.01.pdf
[ What will happen in the future following MCC x Klaytn?]
What will change after the Klaytn Mainnet? What happens to my MCC tokens?
In the first half of 2020, a Token Swap will take place.
“Token Swap” refers to swapping existing blockchain-based tokens with tokens available on the new mainnet. Starting from the first half of 2020, when Klaytn Mainnet is expected to be applied, MCC tokens will be swapped to Klaytn Mainnet based tokens. As swapping becomes possible, it will be possible to use MCC tokens on Kakao’s services.
If you are an MCC token investor, no need to worry!
MyCreditChain will guide the process and methods for swapping through additional notices to minimize the confusion among investors and facilitate the token swap. In addition, we will be helping with the details that investors should know so that there is no confusion with ERC-20 tokens after the Token swap.
Klaytn based services will be available soon.
MyCreditChain will take full advantage of the high convenience and utilization of the Klaytn Mainnet. MCC tokens will soon be available for various services running on the Klaytn Mainnet. After Klaytn Mainnet is applied, KakaoTalk cryptocurrency wallet ‘Klip’ will be launched soon after.
※ What is the ‘Klip’ Klaytn Wallet? [ https://wallet.ground1.io/]
A cryptocurrency wallet ‘Klip’ is a wallet that will be able to hold Klay and Klaytn based cryptocurrencies used on the Klaytn platform. “Klip can be found on KakaoTalk’s [View More] cap to enhance accessibility,” a Kakao official said. It was also mentioned that “It is an advantage of high security, fast transmission speed, and easy usability. It’s planned to be officially launched in the second half of this year.”
※ Samsung-Kakao, Samsung Note 10 Containing Klaytn Blockchain Being Released
Samsung Electronics will launch Galaxy Note 10 with the Kakao blockchain ‘Klaytn’ wallet. According to blockchain industry officials, the so-called ‘Klaytn Phone’ is expected to be equipped with a Klaytn Wallet in a separate security area of Galaxy Note 10. This is the same way that Samsung Blockchain Wallet is currently installed on the Galaxy S10.
The Good Morning service is a <Blockchain-Based Reward Social Networking Service> developed by MyCreditChain. Unlike existing social networking services, it offers a distinctive value by providing gifts called ‘Seeds’ in the form of ‘Likes’ that can be converted into MCC tokens. It is an innovative service that allows for the direct and indirect experience of cryptocurrency without the investment of money.
Building Trust with Your Data!
MyCreditChain (https://www.mycreditchain.org) is
A blockchain-based, decentralized, Trust Data Distribution ecosystem in which individuals have the ability to capitalize on their own information and expand relationships through the MyCreditChain platform in order to create new credibility for the underbanked. Our goal is to return the ownership of personal information back to the individual and to create a free and equal society by giving the ability for each individual to reap benefits from their personal information and Trust Data.