For commercial enterprises and sole proprietors, the Kadena platform offers a proof-of-work smart contract environment that is scalable and sharded. Several people within the cryptocurrency field called Kadena the new Bitcoin. The team at Kadena is working hard to ensure that blockchain technology is accessible to all users. Developers can take advantage of a completely decentralized infrastructure provided by its members. 2016 marked the beginning of the company’s existence as an enterprise blockchain business, and on January 15, 2020, the Kadena platform was made available for use. Kadena features The platform’s primary benefits are energy efficiency, security, scalability for industrial use, smart contracts that are foolproof, and free financial transactions. In order to guarantee users’ protection, the programmers designed Pact, a language for smart contracts that can automatically identify flaws. Additionally, Kadena is home to the world’s first cryptocurrency gas station, which enables local companies to rid their clients of all associated transaction fees. Additionally, because of its one-of-a-kind architecture, Kadena is able to boost its energy efficiency even as the number of Transactions per Second (TPS) rises and 20 new blocks are generated every 30 seconds. The platform depends on the Proof-of-Work method to ensure the safety of transaction processing, while sharding technology enables it to circumvent the scalability problems that plague other Proof-of-Work-based networks, such as Bitcoin. The network is able to scale up to a greater number of transactions per second (TPS) when new chains are added to it. As a result, the platform is able to process more than 9 million transactions every single day. The environment of Kadena. The public protocol Chainweb, Simple Payment Verification (SPV), the layer 2 blockchain Kuro, the smart contract language Pact, and the dApp toolkit for quick development are all products that are offered by Kadena. Chainweb is a revolutionary step forward in the process of scaling PoW-based public blockchains. Pact is a programming language for smart contracts that can be understood by people who are not developers. It makes the creation of smart contracts simple, automatically finds flaws, and shields users from vulnerabilities that may be present on unsecure systems. Moving tokens from one Kadena chain to another is accomplished through the use of an SPV smart contract in Kadena. This allows users to manage many accounts with just a single key. The Kadena token was given. The Kadena token, often known as KDA, is a form of digital currency that serves as the driving force behind the Kadena ecosystem.
The distribution of Kadena tokens began on the 15th of January, 2021, and is scheduled to be completed in 2025. It was anticipated that there will be a maximum supply of one billion coins. Despite this, 10 million KDA were destroyed during the launch of the platform, bringing the total amount of tokens in circulation up to 990 million. 70% of coins are distributed as a reward to miners, 20% of coins are allocated to the platform, 6% of KDA is set aside for ecosystem activities and future sales, and 3% of coins are allocated to contributor shares, which are used to pay staff, consultants, and advisers. The final 1% is destroyed by burning. KDA is employed for the purposes of disbursing transaction fees, compensating miners for their work confirming blocks, and putting into action the coding of smart contracts. The platform share may be put toward the payment of developer and economic grants, as well as toward the funding of ecosystem initiatives and community-building efforts. The utility of the Kadena token will increase in proportion to the number of applications that join the network. Mining and the release of tokens that have been allotted are the two operations that are used to issue KDA tokens. The coin release rate of the platform is 22.08 million tokens per year, with 2 million tokens being released every single month. Miners receive compensation for creating each new block, with the amount of compensation decreasing every six months. On top of that, the genesis block of any Kadena chain includes a definition for pre-allocated tokens that are already in circulation. On cryptocurrency exchanges such as KuCoin, Hoo, Hotbit, CoinEx, CoinMetro, and Bittrex, the Kadena token may be purchased and exchanged by users. Wallets such as Chainweaver, ZelCore, Bag of Holding, and Terminal are all viable options for storing KDA. The squad from Kadena People on the Kadena team are notable for their intelligence, motivation, sincerity, and insatiable curiosity.
Will Martino is the man who started Kadena and currently serves as its president. In the past, he worked as the Lead Engineer at JPMorgan, and he also served as the Tech Lead for the Cryptocurrency Steering Committee and the Qualitative Analytics Unit at the SEC. Stuart Popejoy, who has more than 15 years of experience in the construction of trading systems, is the founder and CEO of the company. Previously, he was the head of the Emerging Blockchain group at JPMorgan. Doug Beardsley is the Director of Engineering, Anastasia Bezis is the Director of Operations, and Kate Hee Kyun Yun is a software engineer. Other workers include Doug Beardsley and Anastasia Bezis. A number of different data and news providers, as well as exchanges, the NFT exchange Colorblock, and a Kadena-based Flux currency are all partners of Kadena.
