TL;DR

Two more companies have joined the Klaytn Governance Council, as the blockchain platform makes progress towards its goal of greater decentralization.

Alameda Research

Founded by CEO of FTX, Sam Bankman-Fried, Alameda Research is a leading cryptocurrency trading firm and venture investor. It has established a strategic partnership with the Klaytn Foundation by investing in early-stage projects on the ecosystem.

As part of the Klaytn Governance Council, Alameda Research is set to contribute to the sustainable development of Klaytn’s network. Using its global reach, the firm will introduce Klaytn to top-level funds and exchanges as well as spread awareness of the blockchain to the world.

Find out more about Alameda Research.

Kracker Labs

Singapore-based Web3 project investor and builder Kracker Labs is already one of the fastest growing players in Klaytn’s network. It has taken the lead in expanding the Klaytn DApp ecosystem through investments, incubations, and collaborations. The company has established relationships with more than 10 teams in the blockchain, including SwapScanner and Kronos DAO.

As a new member of the Klaytn Governance Council, Kracker Labs will continue to invest in the Web3 protocol. Part of its contribution will be providing mentoring, funding, and workspace support so that early-stage projects can go from discovering business items to spin-offs.

Find out more about Kracker Labs.

Klaytn’s Decentralizing Governance

For Klaytn, there’s no way to go from here but up. As the Klaytn Governance Council expands, the blockchain will continue to deliver the benefits of decentralization without sacrificing scalability or performance.

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After determining that the several technical measures applied to tackle spam transactions have had limited real impact on the issue of the recent bursty transaction pattern congesting the Klaytn network, the Klaytn Team has come to the conclusion that a gas price adjustment is the best effective countermeasure to tackle network congestion.

As a first step to understand how our communities view the potential gas price adjustment, the Klaytn Team asked the Governance Council’s opinions in a survey outlined as follows:


Survey Outline

Period

Jan 3 2022 — Jan 14 2022 (two weeks)

Questions


Results

Respondents

13 persons from 12 entities responded (one of the GC entities had two respondents, names listed without any specific order)

Hanwha Systems, FSN, Maekyung Media Group, cocone, The Korea Economic Daily, gumi Cryptos, AhnLab, EVERRICH, NEOPLY, Wemade Tree, GS Retail, Verichains Lab

Answers

Should the Klaytn Team be more engaged with the network congestion problem caused by bursty transactions mainly from arbitrage trading?

If the Klaytn Team were to take technical measures and increase the gas price, in which sequence should they be implemented?

Which approach should a possible gas price increase take?

How much should the gas price be increased?

Tell us your opinion about the gas price increase on the Klaytn mainnet. Any suggestions or comments are welcome.


In short, GC members expect Klaytn Team’s active engagement for both technical measures and gas price adjustment. In regards to the approach, a permanent adjustment initially up to the threshold level is preferred.

Being aware of the importance of this matter, the Klaytn Team will continue to stay in active communication with our communities before any decision is made.