[Klaytn was created by the Korean tech giant Kakao. Kakao has a variety of products, including KakaoBank, an internet-only bank, KakaoTalk, an immensely popular messaging app, and KakaoTaxi, the most used taxi service in South Korea.Klaytn aims to be the backbone blockchain for South Korean businesses, including its own Kakao owned ventures. Klaytn mainnet launched less than a year after the KLAY ICO in June 2019.KLAY is the native token of the Klaytn blockchain. It is used as the utility token for all platform transactions as well as all other blockchain applications on the networkWhat are KLAY key features and how does it work?Klaytn uses a modular architecture. In this way, it allows businesses to create and operate their own customised service-oriented blockchain on the Klaytn network....
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