Katal: A standard framework for finance
This work addresses the need for a standardized framework to develop decentralized finance applications, potentially benefiting developers and users in the blockchain and finance domains, though it appears incremental as it builds upon existing blockchain concepts.
The authors tackled the problem of building decentralized financial applications by introducing Katal, a blockchain framework that integrates high-performance consensus, authenticated data feeds, financial contract standards, and ecosystem connectivity, resulting in a platform that simplifies the creation of non-custodial, trustless, fast, convenient, and interoperable financial services.
Katal is a new blockchain that provides a standard way to build and deploy decentralized financial applications. It brings together all the components necessary for the backend of a financial application, namely: a high-performance consensus, an authenticated data feed system, a standard for financial contracts and connectivity to the rest of the blockchain ecosystem. Katal enables and simplifies the creation of financial services that are non-custodial, trustless, fast, convenient and interoperable.