Kadena is a scalable and a developer friendly technology, offering the same degree of security as that of the proof-of-work blockchains such as Bitcoin. Its PoW consensus mechanism known as the Chainweb enables Kadena to scale exponentially, solving the blockchain trilemma. Kadena also features a blockchain Kuro for private transactions. Both Chainweb and Kuro use the smart contract called Pact.
Aside from its functionality design for regular or retail participants, Kadena is also for enterprise and even institutional users. The protocol allows enterprises across industries to transact and communicate efficiently.
The People Behind Kadena
Kadena was founded by Stuart Popejoy and Will Martino in 2016, both with strong background in traditional finance being former members of the development team of the JPMorgan blockchain. Their deep understanding of both the financial system and the blockchain network have helped them design Kadena to tackle the issues of the CeFi and DeFi such as speed, scalability, and security.
The KDA Digital Currency
The native token of Kadena is KDA. Majority of the KDA digital currency is reserved for as rewards for miners for mining blocks and for facilitating transactions on it’s ecosystem. The KDA token also pays for computing power on the blockchain.
Kadena token has quickly grown from a $100 million to a $3 billion market capital in just 60 days. Some believe that the growth was because of its launching on the Ethereum platform, the implementation of its Non Fungible Token projects, their updated exchange listings, and the incorporation for KDA staking.
The project has been solving major blockchain problems. Meanwhile other blockchains have just started to incorporate on their work plans, including Formal Verification, scalability, and interoperability. Currently, KDA software is widely in use by companies from the finance, insurance, and healthcare industries.
