Kaia: The Rise of an Emerging Web3 Giant in Asia

On August 29, 2024, the Kaia mainnet officially launched, marking the completion of the merger between two major blockchain platforms in Asia, Klaytn and Finschia. This merger is backed by the strong partnership of Korean and Japanese internet giants Kakao and LINE, bringing Kaia a potential user base of over 250 million.

Sam Seo, the chairman of the Kaia Foundation, holds a PhD in high-performance computing and has served as CKO at KrustUniverse, overseeing the development and operation of Klaytn. Additionally, he was the Chief Technology Officer at GroundX and has worked at Argonne National Laboratory.

Kakao has a usage rate of 96% in South Korea, while LINE is very popular in Japan, Taiwan, and Thailand. With such a large user base, Kaia is expected to greatly enhance the adoption of blockchain technology in the East Asian market, laying the groundwork for large-scale applications.

Kaia's Technical Architecture

Kaia is a highly optimized public blockchain with the following features:

1. 1 second block generation and confirmation time
2. Processing 4000 transactions per second
3. Low gas fees, approximately 1/10 of Ethereum.
4. EVM compatible, supports Solidity contracts
5. Governance committee composed of globally renowned enterprises

The network structure of Kaia is divided into three logical sub-networks: the core unit network, the endpoint node network, and the service chain network. It employs an optimized version of the Istanbul BFT consensus algorithm, which addresses the issue of increased communication volume by randomly selecting committee members.

Kaia's Ecosystem

Kaia is actively building a diverse ecosystem that encompasses various fields such as DeFi, payments, AI, and gaming.

DeFi track

• Neopin: A licensed DeFi protocol under the South Korean gaming giant Neowiz.
• Lair Finance: Kaia Liquidity Staking Protocol
• CapybaraExchange: The largest DEX on the Kaia chain
• Avalon Labs: A Bitcoin-centered lending ecosystem
• DragonSwap: The DeFi Hub on Sei

Payment Track

• Alchemy Pay: A payment gateway connecting cryptocurrencies and global fiat currencies.

AI track

• FlareAI: The first AI-driven DApp on Kaia
• FDN: AI Facial Recognition Network

Mini DApps on LINE

Kaia is collaborating with LINE to launch a series of Mini DApps covering multiple fields such as gaming, social, and health. More than 20 projects, including Bombie, Bullet Storm, and Frog Defense, have been confirmed to go live on the LINE platform.

Kaia's Development Strategy

1. Unique Positioning: Giants Join Forces to Build the Cornerstone of the East Asian Blockchain Ecosystem
2. Asset scale and ecological breadth: Asia's largest Web3 network
3. A large influx of existing Web2 users: The gateway connecting Web2 and Web3
4. Global Vision and Ecological Cooperation: From East Asia to the World
5. The low valuation of MC/TVL indicates huge potential.
6. Layout for the Future: Reshaping the Digital Infrastructure of Finance and Culture

Kaia is showcasing its exceptional capability to promote the large-scale application of blockchain by deepening its efforts in East Asia, integrating resources from industry giants, and boldly pursuing a globalization strategy. In the future, whether Kaia can fulfill its mission of reshaping the global blockchain landscape will become an important barometer for the development of the industry.