Kakao Talk Successfully Raised $90M for Klaytn

The parent company of a messaging app company, Kakao Corp has successfully raised $90 million worth of fund for its blockchain platform called Klaytn. Bloomberg has confirmed that the fund was successfully raised through a private coin offering and another fundraising round will be held. Klaytn was expected to be launch in 2018 but it was delayed to this coming June.

The post Kakao Talk Successfully Raised $90M for Klaytn appeared first on Incrypts.

Kakao Talk Successfully Raised $90M for Klaytn

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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