Comparing Klaytn (KLAY) and Bitcoin (BTC)

About Klaytn (KLAY)

Klaytn is a public blockchain platform that aims to revolutionize the metaverse, gamefi, and creator economy. It was officially launched in June 2019 and has quickly become the dominant blockchain platform in South Korea. The platform is now expanding its reach globally from its base in Singapore. Klaytn's business expansion activities are supported by the Klaytn Growth Fund, a US$500 million fund managed by the Klaytn Foundation. This fund aims to foster the development of companies built on the Klaytn ecosystem.

For more information about Klaytn, please visit https://klaytn.foundation.

About Bitcoin (BTC)

Bitcoin is the world's first successful decentralized cryptocurrency. It was created in 2009 by an anonymous individual or group known as Satoshi Nakamoto. Bitcoin operates on a peer-to-peer network, without the involvement of central banks or authorities. It is based on a secure and immutable blockchain technology that allows for secure and verifiable transactions.

Bitcoin has revolutionized the way we view and use money. It provides a decentralized means of exchange, with low transaction fees and the ability to make mobile payments anywhere, anytime. Bitcoin has a limited supply of 21 million BTC, making it a deflationary currency. Transactions are confirmed using the SHA-256 hashing algorithm, with an average confirmation time of 10 minutes.

Bitcoin has paved the way for other cryptocurrencies and inspired various innovative projects, including smart contract platforms like Ethereum and decentralized applications such as EOS and Tron. Its impact on the cryptocurrency industry is undeniable.

Comparison

Market Cap Rank

Klaytn (KLAY) currently holds the market cap rank of 87, while Bitcoin (BTC) takes the top spot as the number one cryptocurrency in terms of market capitalization.

Price Change Percentage in the Last 30 Days

Klaytn has experienced a price change percentage of +87% in the last 30 days, indicating a positive trend. On the other hand, Bitcoin has seen a decrease in price, with a change percentage of -12.81% during the same period.

Categories

Klaytn falls under the categories of Layer 1 (L1) and Cryptocurrency. Bitcoin, being the first and most prominent cryptocurrency, is categorized as a Layer 1 (L1) cryptocurrency.