What is Kadena? Kadena is a tier 1 Proof of Work blockchain that allows for unlimited scaling. In this article, what is Kadena, what does it offer, what is KDA coin? You can access the answers to the questions that investors wonder, such as what is Kadena good for and how to get it. As Kriptokoin.com, we have prepared it for you.
What is Kadena? What Does It Do?
Kadena aims to optimize scalability and is official validation and upgradeable. It is a public blockchain with smart contract language called Pact, equipped with smart contracts. Kadena also runs in parallel to handle network operations. Accordingly, it uses a PoW consensus mechanism called Chainweb, which consists of multiple chains mined separately. Accordingly, the design theoretically supports high throughput in the base layer without the need for any second layer scalability.
The project was founded in 2016 by Stuart Popejoy and Will Martino. Its founders are former members of the JPMorgan blockchain development team for Juno, respectively. He also has deep ties to traditional finance, former members of the SEC’s Cryptocurrency Steering Committee. However, among the team’s advisors, there is a name that stands out like the sun on a hot day. He is also the co-inventor of ‘blockchain’.
What is KDA Coin?
KDA coin is Kadena’s native token. Cryptocurrency is also a digital currency used for transactions on the Kadena public chain. Similar to ETH in Ethereum, KDA in Kadena is the way miners are compensated for mining blocks on the network. Additionally, it is the transaction fee that users pay to include their transactions in a block.
Architecture of Kadena
The team’s brilliance is revealed as all components of Kadena’s architecture are analyzed.
Chainweb: Layer-1 public blockchain providing unlimited scalability in a PoW consensus mechanism using an innovative ‘mesh’ system between multiple parallel ‘peer’ chains.
Kuro: Tier 2 open source private blockchain built specifically for eEnterprises delivering 8000 TPS on 500 nodes.
Pact: Native open source smart contract programming language created by the Kadena team using Haskell for implementation.
What is Kadena? How to get KDA coin?
Kadena is traded on many crypto currency exchanges with large trading volume. KDA coin is currently listed by exchanges such as Binance, OKX, KuCoin, Gate.io. To purchase the token, it is necessary to become a member of one of these exchanges and verify the identity. Investors who have created their accounts completely can buy KDA coins by depositing money in their wallets.
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