Klaytn is a highly optimized, BFT-based public blockchain that aims to meet the enterprise-grade reliability. Key design goals are:

1. Immediate finality.
2. High TPS (transactions per second) that meets real-world use cases.
3. Lower the cost of running Blockchain Applications.
4. Lower the barriers to entry for end-users.
5. Ease the technology adoption process for industry.

Klaytn launched its mainnet, Cypress, on Jun/27/2019 with the following specifications:

1. 1-second block generation and confirmation time.
2. 4,000 transactions per second.
3. Low gas price that is almost 1/10 of Ethereum.
4. Runs EVM and supports the execution of Solidity contracts.
5. 19 reputable corporations worldwide initially formed Klaytn Governance Council to operate consensus nodes.
6. More than 50 initial service partners have committed to launch Blockchain Applications on Klaytn.

📌 Klaytn: The Big Picture

Klaytn can be partitioned into three logical subnetworks based on their roles and purposes. The below figure displays the high-level view of the Klaytn ecosystem.