A fast and secure blockchain built on a QBFT PoA Consensus

Kaiba Lightning Chain (KLC) is Kaiba DeFi’s proprietary blockchain and will serve as the backbone of the Kaiba ecosystem. KLC will expand upon the functionality of our products, all the while providing users with the lowest gas fees on Ethereum Mainnet through our KaibEx swap.

How does Kaiba Lightning Chain fit into the ecosystem?

The most important use case for KLC will not be the KaibEx integration. Current tests of KLC have demonstrated a throughput that is approximately 100x faster than Ethereum Mainnet, as well, transactions on KaibEx (on ETH) approximately $10USD in gas fees and on the KLC (Layer 1) transactions will cost less than a cent. Despite this being already important, the main use case for KLC will be the possibility for developers, users and projects to have at their disposal a chain with exactly ZERO gas fees, allowing smart contracts to elaborate much more with much less worrying.

What will the operating consensus be for Kaiba Lightning Chain?

KLC will operate on a Proof of Authority (PoA) consensus, similar the ones that currently exists on a handful of the most efficient chains. The algorithm chosen is QFTB based, meaning it is designed to be extra resistant to inconsistency . More, the consensus algorithm powers directly a native DAO that naturally gives shares to the most loyal, consistent and good-acting nodes. This is what will facilitate both the speed and efficiency of the KLC project, and without the challenges of congestion that currently exists on Ethereum Mainnet. Thanks to the extremely lightweight requirements, an high throughput can be sustained easily democratizing the partecipation to the consensus. The benefits of QBFT extend to security by solving the 51% Attack or Majority Attack problem, which occurs when a single person or group of people gains control of over 50% of a blockchain's hashing power.