What network is Klaytn?

Could you elaborate on the network that Klaytn represents in the world of cryptocurrencies? I've heard it mentioned in discussions but am not entirely familiar with its specifics. Is it a blockchain platform with unique features? Does it cater to a specific niche in the crypto ecosystem? Additionally, how does it differ from other well-known blockchain networks, and what are some of its key advantages or disadvantages? Clarifying these points would greatly assist me in understanding the significance and positioning of Klaytn in the broader context of cryptocurrency and finance.