About Kadena: Company, Leaders and Advisors (2024)

FAQs

What is the overview of Kadena? ›

Kadena is a blockchain platform, it features Chainweb, a Proof of Work (PoW) blockchain for high scalability, and Pact, a human-readable smart contract language. Kadena aims to address the challenges of speed and security in blockchain technology, catering to various blockchain applications and developers.

Founded by Stuart Popejoy and Will Martino in 2016, Kadena is the industry's only truly scalable Layer 1 Proof of Work blockchain. More to the point, it's the only blockchain purpose-built to meet the demands of businesses and traditional financial institutions.

Kadena's Proof of Work model consists of several individual mining-chains that work in parallel to perform transactions on the network. This allows many transactions to be performed, without the need for a layer 2 solution to scale.

Kadena's founders (previously leading JPMorgan's Emerging Blockchain group) built a proprietary chain architecture providing the security of Bitcoin, virtually free gas (transaction fees), unparalleled throughput, as well as Pact – the most secure smart contract language with built-in automated auditing!

The Kadena platform provides a completely decentralized infrastructure of nodes and tools for teams to launch products without having to build from scratch. The Pact smart contract programming language is designed to help you write safer smart contracts that are human-readable and error-free.

About Kadena

More than 80% of the towns land is leased by the Japanese Ministry of Defense for use as the United States Kadena Air Base as a part of the two nations' mutual defense agreement. The town is predominately a residential community, but is also known for its shopping and cultural centres.

Population. Nearly 18,000 Americans and more than 4,000 Japanese employees and contractors make up Team Kadena. There are 13 major installations on Okinawa. Kadena itself is sprawled across some 4,900 acres with an adjoining munitions area of 6,300 acres.

In 2020, we forked the Kadena network from 10 chains to 20 chains, proving that it's possible to scale Bitcoin PoW to any size. And we're just getting started. With Chainweb, we could scale to more than 50,000 chains.

The price of Kadena (KDA) is $0.6368 today with a 24-hour trading volume of $131,520,251. This represents a 22.28% price increase in the last 24 hours and a 19.48% price increase in the past 7 days.

"Great Platform to build dApps and user friendly contracts." What do you like best about Kadena? Kadena's platform is built with security, which utilizes cryptography and security protocols. This platform includes the smart contract language, which is a user-friendly.

Why is Kadena better than Ethereum? ›

Ethereum launched and offered technology allowing for scalability and programmable tokens or securities. Kadena offers the security of Bitcoin and the scalability of Ethereum as well as being programmable, low fee, and fast with lower energy consumption per transaction.

Currently, Kadena is trading around $0.9862, which is almost 3.29% up from the past 24 hours, KDA has managed to maintain its momentum. There is a bearish sentiment in the market amidst Bitcoin uncertainty, but the long-term sentiment remains positive, and the KDA coin could cross the $2 mark by 2025.

Kadena is a blockchain platform, it features Chainweb, a Proof of Work (PoW) blockchain for high scalability, and Pact, a human-readable smart contract language. Kadena aims to address the challenges of speed and security in blockchain technology, catering to various blockchain applications and developers.

n. ( group) 1. chain, concatenation. a series of things depending on each other as if linked together.; "the chain of command"; "a complicated concatenation of circ*mstances"

Is Kadena open source? Yes, the open-source repository for the Kadena public blockchain is here.

Kadena's blockchain network is based on a Proof of Work consensus model. Where many blockchains have switched to a Proof of Stake model, sacrificing security for short-term efficiency, Kadena's infinitely scalable multi-chain architecture solves the efficiency equation without compromise.

Kadena uses a directed acyclic graph structure to scale from one proof-of-work blockchain to a large number of blockchains. However, its DAG structure is fixed and multi-channel, meaning Kadena's blockchains only communicate with three peer chains instead of randomly confirming transactions.