Blockchains Klaytn and Finschia have proposed a merger, which might successfully mix South Korean cell social community Kakao’s blockchain arm with the equal division from Line.
The consequence will see these two present blockchains merged right into a model new blockchain – which might rank within the high 100 cryptos – with a brand new token issued to present holders.
Technically there are difficulties given Klaytn is an EVM chain, whereas Finschia relies on Cosmos, however these will not be insurmountable with the proposal stating the tip consequence shall be a “technologically superior blockchain that helps each EVM and CosmWasm”.
To-date, regardless of the sources accessible, neither Klaytn or Finschia have made a lot of an influence, actually by way of gaming. By combining, nonetheless, they’ve a chance to scale and dominate the South Korean and Japanese markets as Klaytn is built-in with the web2 Kakao app and Finschia with Line. These apps have a whole bunch of thousands and thousands of lively day by day customers globally.
After all, the method will doubtless be an extended one and might’t start till the proposal passes the governance course of for each chains.