Kalima (KLX) Blockchain Reveals Roadmap, Announces KLX Staking and Cross-Chain Bridge
Kalima (KLX), decentralized ecosystem focused on IoT use cases, shares details of its roadmap and reveals its staking and validating ecosystem
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Kalima (KLX), a new generation blockchain with smart contracts that addresses the use of decentralized systems in the “Internet of Things”, reveals the next phases of its development and explains how to join the progress.
Kalima (KLX) blockchain team unveils roadmap with staking, bridges and more
Launched in Q4 2022, Kalima (KLX) is a delegated proof-of-stake (DPoS) blockchain based on a distributed ecosystem of validators. Its technical design includes a network of blockchains with the Kalima MainChain (execution and consensus layer) and PrivaChains (multiple application-specific sub-blockchains that work not unlike Avalanche’s subnets and polygon supernets).
Kalima Blockchain can be installed on IoT devices, mobile devices, gateways, web servers and cloud computers around the world to create a new decentralized network that provides real-world qualified data to businesses. It is a low-consumption blockchain network that enables the development and execution of client-side smart contracts, adding value to data at the source.
Kalima Blockchain is the most customized blockchain for enterprise and IoT, KLX is the backbone of the global network. Kalima builds a decentralized network that is optimized to meet current and future global business requirements.
PrivaChains in Kalima (KLX) can interact with each other as well as with the other public blockchains: Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC) and so on. As such, Kalima (KLX) provides Web3 applications with versatile, robust and flexible smart contracts. It can also power complex systems of IoT devices, including Android and iOS smartphones, supercomputers, LoRaWAN gateways, industrial networks, and so on.
In March 2023, the Kalima (KLX) team unveiled its roadmap for the next few years. First of all, Kalima (KLX) will launch the Kalima network with 100 validation pools. It will boast Master Nodes and Validator Nodes: 40 million KLX in effort will be required to launch a Master Node, while Validator Node activation will be 90% cheaper. Rewards will be distributed proportionally: Master Nodes will receive 0.98 KLX per block, while Validator Nodes will be rewarded with a 0.02 KLX bonus.
The Kalima (KLX) ecosystem is also working towards the “bridge” which is the launch of the Kalima Main network (The Kalima MainChain) and the bridge from the ERC20 KLX token to the original KLX token based on the Kalima Blockchain. The bridge is planned for 2024. Once the bridge is live, all KLX token holders will be able to move their assets to Kalima (KLX).
Kalima (KLX) launched decentralized governance: What is the role of KLX?
The Kalima (KLX) blockchain will enforce his governance into a 100% decentralized governance. All KLX holders will be able to vote in general governance proposals on important upgrades for holders, stakers, dApps users and developers.
Namely, the questions put to the referendum will include several aspects such as consensus design parameters, fund resources and whitepaper updates. The decentralized management system is ready to ensure fair and inclusive participation of all interested community enthusiasts. First governance votes will take place on 6 April 2023 regarding the governance process.
Join the Kalima Network and become an architect of Web3 for Enterprise and the IoT revolution with Kalima Validation Pools
In addition to native governance, Kalima (KLX) opens the possibility for betting enthusiasts to run their own validation pool. For $30,000, crypto holders can obtain validation pool licenses and become top-tier participants in Kalima’s (KLX) blockchain design.
Validation pools are crucial elements in the validation process of the Kalima network.
They operate multiple validation nodes and master nodes on the Kalima network, processing transactions and participating in consensus. In exchange for their work, validation pools are rewarded in $KLX. Each validation pool helps make Kalima Blockchain the most customizable, resilient and highest performing enterprise and IoT blockchain network.
Kalima’s core native token KLX is a backbone element of its tokenomic design. The token’s supply is limited to 480,000,000,000 KLX; this indicator cannot be changed by the Kalima (KLX) team. In addition to staking and governance instruments, KLX will also be used as currency for network fees: for every Kb of mempool space used, dApps will pay €0.00025 in KLX. The token can already be bought on crypto exchange BitMart with US Dollar Tether.
Last but not least, Kalima (KLX) decided to invite all blockchain enthusiasts to stress test the design in the testnet. All testnet documentation is available on the main website. Starting in Q1, 2023, Kalima (KLX) developers can work on the network for free.
