Kadena built a proprietary chain architecture and created the tools to make blockchain work for business – at speed, scale, and energy efficiency previously thought unachievable. Let’s find out some highlights of the project below

What is Kadena ?

Kadena is a blockchain platform, a hybrid blockchain including public blockchain, private blockchain and using Pact smart contract programming language. Kadena was born to solve the limited problems of current blockchains for both businesses and individuals.

In there:

Public Blockchain is a network of Proof of Work systems running on top of Chainweb, a protocol that provides information security and high throughput.

Private Blockchain is a closed blockchain – only authorized people can participate in validating the network (through mining or holding coins, depending on the consensus mechanism of the blockchain). And often new businesses have the need to use this private blockchain.

What problem does Kadena solve?

Scalability: The main problem with current blockchains is the ability to scale the system to meet increasing transaction needs. Specifically, the ability to process many transactions at the same time, helping the system not to be congested while reducing gas fees.

Security and decentralization: The majority of blockchains today use many other consensus mechanisms with more advantages to replace the traditional POW (Proof of Work) mechanism. However, there must be a trade-off between security and decentralization

Unlike some current Layer 2 extension solutions, data information will be sent to a sub-chain first for processing, then sent to the main chain for authentication. This leads to the sub-chain being vulnerable to hackers causing many security problems.

-> Kadena offers a Chainweb solution, using a parallel proof-of-work consensus mechanism, processing data using multiple individually mined chains working in parallel to improve throughput and scalability while maintaining the security and integrity found in Bitcoin.

With its revolutionary, multi-chain architecture, Kadena is the only scalable PoW platform.

With multiple parallel chains working concurrently, if specific chains get congested by a dApp, a different thread can be used to do something else.

In 2020, Kadena’s public blockchain performed a live network expansion from 10 chains to 20 chains. Doubling the existing TPS, the expansion demonstrated the platform’s ability to scale production to meet growing demand.

With 20 chains, the Kadena blockchain platform achieves 480,000 TPS (the number of transactions per second). And in terms of design the project will scale up to 1000 chains that can run in parallel.

Refer to Kadena’s transaction demonstration below:

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What are the outstanding features of Kadena?

Safer smart contracts

The Pact smart contract language was created by the Kadena team for private blockchains. By automatically detecting errors, Pact solves the problems you would face on other insecure platforms, making trading powerful, fast, efficient and secure.

No-cost transactions

The project offers virtually zero transaction fees to consumers, however the project is moving towards the introduction of the first crypto gas station that will allow businesses to eliminate all transaction fees for their customers, thus removing the main barrier to mass adoption of dApps.

Energy efficient at scale

As network demand increases, Kadena’s energy use remains constant. Its unique architecture makes it the only platform that can deliver increased energy efficiency as TPS (Transactions per Second) scales.

Proven security

To solve for the security and throughput demands of financial services clients, Kadena runs on Proof of Work, which is reliable, secure, and battle-hardened.

Industrial scalability

Unlike other platforms, Kadena is designed to power global financial systems. Our protocol continually scales to higher TPS (Transactions per Second) as more chains are added to the network.

Kadena Ecosystem

Kadena is a platform that provides complete decentralized infrastructure, to build projects on Defi, NFT, Game & Collectibles, Payments…

Currently the project is in the development stage, there are still very few products developed on this platform.

Kadena token (KDA)

Token use cases

KDA is a token used for activities such as:

Used to reward participants in the KDA mining network on Kadena’s public blockchain.
Used to pay for Smart Contract transactions when participating or interacting on the Kadena network.

Key Metrics KDA

Token Name: Kadena.
Ticker: KDA.
Blockchain: Kadena.
Standard: ERC-20
Contract: 0x41b6f68950dae15242c3b35bcc9ad6446fcf0849.
Token type: Utility
Total Supply: 1,000,000,000 KDA.

Token Allocation

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Mining share: 700M KDAPlatform share: 200M KDA
Investor, strategic, and contributor: 90M KDA
Burned at Launch: 10M KDA

*We can see through the mining mechanism, maybe all KDAs will be fully mined within 100+ years.

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Where to store KDA tokens?

KDA tokens can be stored on the following wallets:

Chainweaver: This is the official Kadena project storage wallet for managing KDA tokens.
ZelCore: A multi-asset wallet supported on desktop platforms and mobile apps (Android and iOS).
Exchange wallet: You can store KDA tokens right at a supported exchange like Binance, Kucoin, Gate…

Team

The project has many faces from giants in the technology and financial industries with many years of experience such as Microsoft, Google, Accenture…

Conclude

With an extended Blockchain connection structure similar to the way Polkadot or Cosmos is doing and is of interest to many investors. Together with the team that has a lot of experience and is quite famous in the blockchain industry, plus a large community, it can be shown that the potential of the Kadena project in the future is huge.

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