Kaia is a Layer 1 public blockchain originating from Asia, formed through the merger of Klaytn and Finschia. Klaytn, launched by South Korea’s internet giant Kakao, focuses on providing efficient and user-friendly blockchain solutions for enterprises. Finschia, the successor of Line Blockchain, was initially developed by Japan's social media platform Line and specializes in providing stable and high-performance blockchain solutions for the financial sector, particularly in payments and digital assets.
Kaia combines the enterprise-grade capabilities of Klaytn and the financial technology expertise of Finschia to offer a high-performance, cost-effective blockchain infrastructure for the Asian market. With the ability to process 4,000 transactions per second, Kaia ensures fast transaction confirmations and instant finality while reducing gas fees to 1/10 of Ethereum’s, significantly lowering operational costs for both users and developers.
Kaia is EVM-compatible, enabling developers to easily migrate Ethereum-based smart contracts to the platform, further lowering the adoption barrier. Through the merger of Klaytn and Finschia, Kaia strengthens its presence in the Asian market and aims to promote widespread blockchain adoption across various industries.
