- Category: Smart Contract Platform
- Coin Launched: July, 2016
- Resources: White Paper
- Official Website: Kadena
- Reddit: Kadena
Kadena’s public block chain is a braided, high-throughput Proof of Work system that runs Chain web, a protocol that delivers security and throughput.
The Kadena network will unite public applications, private block chains, and other interoperable chains in one place, driving traffic to the high-bandwidth computer at the heart of the Kadena public chain.
KADENA History / Information / Buying / Staking
The project was founded by former members of the JPMorgan blockchain development team for Juno. Kadena has raised $15 million to date, with the majority of those funds secured in the form of SAFTs (Simple Agreement for Future Tokens). Not included in this total is the $150,000 grant Kadena received from the Interchain Foundation (the development team behind the Cosmos network) to build a version of Pact that is compatible with the Tendermint protocol.
HOW KADENA WORKS
Kadena is a public blockchain that aims to optimize for scalability and features a new smart contract language, dubbed Pact, which comes equipped with formal verification and upgradeable smart contracts. Kadena also uses a new Proof-of-Work (PoW) consensus mechanism called Chainweb that consists of multiple individually mined chains working in parallel to execute network transactions. This design theoretically supports a high-transaction throughput at the base-layer without the need for any second-layer scalability or functionality solutions.
BENEFITS OF USING KADENA
Some of the benefits of using Kadena are:
LOW TRANSACTION FEES
SMART CONTRACT AND NFTs
CAN YOU STAKE KADENA
Staking Kadena is available on some major exchanges currenty with 1000 KDA you can earn up to 18% APR by staking your KDA at Coinmetro.
COINS SIMILAR TO KADENA
Direct competition to Kadena which are considered similar coins are:
Kadena's top competitors include BlockCypher, Coinify, Blockstream, AlphaPoint and Ethereum.