Kakao is 15 faster than Ethereum

The blockchain subsidiary of the South Korean giant boasts about its speed.
The company has sacrificed decentralization to achieve speed.

Tanya Abrosimova Independent Analyst

A South Korean Internet-giant Kakao claims that its proprietary blockchain 15 times faster than Ethereum.

Kakao's blockchain platform Klaytn is superior to Ethereum, according to Han Jae-sun, the CEO of Kakao's blockchain subsidiary Ground X.

Speaking at a press conference in Seoul, the representatives of the company stated that Klaytn is capable of processing 300 transactions per second, while Ethereum's throughput capacity is 20 transactions per second at best.

"I believe it would be the initial version of a mobile (blockchain) service. With the reduced response time, many projects that we believed unfathomable could eventually come true," Han Jae-sun said.

The platform developers had to sacrifices some decentralized features to achieve high speed. According to the white paper, Klaytn is a hybrid based on BFT-consensus that allows ensuring sufficient transparency and a high level of scalability.

Ground X has been launched in a commercial use recently. Several companies, including South Korean companies such as LG, Celltrion and Netmarble, have already joined the project.

Author

Tanya Abrosimova

Independent Analyst

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.