Entities
Klever Blockchain defines two basic entities : account and nodes.
Each account has a pair of keys, one private and one public, that are used to control and represent the account respectively. The private key holder of an account can sign transactions to the network.
The public key is a 65-byte-long piece of information derived from the private key by an elliptic curve. The public key information can be encoded using the Bech32 human-readable representation format in order to create the Account Address. Klever’s Bech32 HRP is
klv.An account holds information on the amount of KLV (Klever network main asset), KFI (Klever finance governance asset) and any other token deployed on Klever’s blockchain. A mapping storage is also associated with any Klever Account which can hold any binary value.
Nodes are devices connected to the network. They are responsible for maintaining historical data and performing actions on users requests. Every node is uniquely identified by its 96-byte-long BLS public key which allows the network to rate and reward each individual based on its contribution. To be an active entity, a node must upgrade to a Masternode.To upgrade to a Masternode, an account must stake a substantial amount of KLV as collateral.
Last modified 1yr ago