South Korea’s upcoming mobile messaging app, Kakao, declares in recent press conference at Seoul that the company’s blockchain platform Klaytn is fifteen times faster than Ethereum’s, the open source blockchain platform for establishing decentralized applications. GroundX, Kakao’s subsidiary, publicly announced that block mining with Klaytn is much faster and efficient than Ethereum. What Ethereum can achieve in fifteen seconds, Klaytn processes the task within a single second. Moreover, it can process up to 300 transactions every second, as opposed to Ethereum’s twenty. The claim for lightning fast transactions comes following the Kakao blockchain’s entry in B2B platforms last month. Han Jae-Sun,
