Kadena FAQ (2024)

Last updated

This page answers some of the most frequently asked questions about the Kadena network.

What consensus mechanism does Kadena use?

Proof-of-Work

What hashing algorithm does Kadena use?

Blake2s_256

What is the target block time for Kadena?

Every chain of the 20 braided chains has a new block on average 30 seconds inbetween. Total is 20 blocks every 30 seconds. Which translates to 1.5 secondstheoretical block time.

What are the block rewards?

Block rewards are readjusted against a set schedule every six months, withroughly half of the remaining minable coins issued as block rewards every 20years. See the complete miner block reward schedulehere.

Does Kadena have a block explorer?

View the block explorer here whichvisualizes the mining, propagation and braiding of blocks across multiple Kadenachains in real time

Is Kadena open source?

Yes, the open-source repository for the Kadena public blockchain ishere.

Why does Kadena’s public blockchain use proof of work?

Kadena uses proof of work for a few key reasons:Evidence: PoW is the only“battle-tested” consensus protocol primitive.

  1. Economic incentive alignment: PoW creates an economic incentive for themajority of the hashpower to validate and honestly support the entirenetwork. It is an open research question if a non-PoW approach can reasonablyachieve the same.
  2. Regulation: In the eyes of certain financial regulators, proof of workminers are not considered money transmitters, making a probabilistic PoWmining system safer from a US regulatory perspective than a system with more“finality” like PoS.

How does Kadena scale?

Kadena’s public blockchain scales by providing a mechanism to asynchronouslyproduce many blocks on different peer chains all at the same height, with eachblock requiring a fraction of the hash power of the total network. Thisconfiguration drastically increases the number of transactions per second overthe total network.

How does Kadena deal with congestion?

Transaction costs will rise as the number of transactions rise on one chain. Youcan set up an account on a less congested chain, where transaction costs arecheaper, and move your tokens through a simple burn-receipt using on-chain SPV.Miners have economic incentive to cooperate with reconfiguring the network to alarger size when the entire network starts to become congested.\

What does it mean to “braid multiple chains”?

Braiding chains together was first proposed for security purposes. In effect,chains are “braided” as each chain’s newly mined block incorporates the Merkleroots of its peer chains. By having multiple mined blocks at the same heighteach referencing each other’s past, the protocol decreases the duration of timewhere an attacker could get “lucky” against an honest network. Think of anattacker needing to flip 6 coins and get all heads (mine 6 blocks) vs. needingto flip 12 coins and get all heads (mine 6 blocks from two related chains). Thelatter is harder. This same intuition applies to Kadena’s multi-chainconfiguration.\

How are tokens moved between different Kadena chains?

Tokens are moved across chains using a Simple Payment Verification (SPV) smartcontract.\

How do I run a node?

Official information for running a node is maintained atthis GitHub repository, andsupplementary resources here.

How do I become a miner?

Official information for mining KDA is maintained atthis GitHub repository,and supplementary resources here.

Kadena FAQ (2024)

FAQs

Does Kadena solve the trilemma? ›

Kadena has effectively solved two major obstacles in the blockchain ecosystem, the first being the blockchain trilemma.

Why is Kadena better than Ethereum? ›

Scalability: Kadena's Chainweb architecture is designed to offer high scalability, with the ability to handle hundreds of thousands of transactions per second, which is significantly higher than Ethereum's current capacity.

Why is Kadena so popular? ›

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. The founders, Will Martino and Stuart Popejoy, independently worked at the SEC and Apple before meeting at JP Morgan.

Will Kadena go back up? ›

Kadena has gone down by -25.79% in the past 30 days. According to our analysis in the short term, Kadena price prediction for August 2024 shows the average price of KDA at 0.93 and the highest possible price for August 2024 would be $0.99.

Is Kadena any good? ›

Kadena's next-generation technology solves the challenges with current generation blockchains -- issues such as speed, scalability, and security. In contrast, Kadena's technology has been proven to support up to 8,000 transactions per second across 500 nodes and support thousands of users.

Is Kadena better than Solana? ›

- **Efficiency Beyond Comparison:** Kadena's innovative approach ensures efficient transactions, surpassing the capabilities of Solana. - **Lower Transaction Costs:** Enjoy cost-effectiveness with Kadena's minimized fees, presenting a more economical choice compared to Solana.

Can Kadena reach $50? ›

It's been growing: Kadena's enhanced throughput and energy efficiency grab the attention of businesses seeking blockchain solutions. These attributes could propel the value of KDA upwards, making the elusive $50 target by 2024 a possibility, provided the adoption rate keeps accelerating.

Can Kadena reach $1000? ›

Kadena would need to gain 150,320.08% to reach $1,000. According to our Kadena prediction algorithm, the price of Kadena will not reach $1,000. The highest expected price our algorithm estimates is $ 4.90 by Jan 1, 2029.

Is Kadena a good long term investment? ›

The future value of Kadena (KDA) is uncertain and depends on a variety of factors including market trends, investor sentiment, technological advancements, and wider economic factors. Technical analysis can assist in making educated predictions but can not guarantee future prices.

Who is behind Kadena crypto? ›

Kadena was founded in 2016 by a team of blockchain and cryptocurrency veterans, all of whom left their spots at leading institutions and organizations working on blockchain tech. Prior to founding Kadena, Stuart Popejoy led JPMorgan's Emerging Blockchain group.

What solves the trilemma? ›

Solving the Trilemma

Kaspa addresses the trilemma through its integration of PoW and the blockDAG structure. Decentralization: The use of PoW in Kaspa ensures decentralization by relying on miners distributed across the network to validate transactions.

What is the solution to the blockchain trilemma? ›

Addressing the Trilemma: Current Approaches

One such approach is sharding, a process that breaks down the blockchain into smaller pieces, or shards, each capable of processing its own transactions and smart contracts. This method aims to improve scalability without compromising security or decentralization.

Does Solana solve trilemma? ›

While the solutions introduced by Solana are aimed to address the blockchain trilemma—scalability, security, and decentralisation, its development is mainly focused on scalability, with a modified dPoS protocol that leverages the Proof of History (PoH) algorithm.

Has Algorand solved the blockchain trilemma? ›

Algorand essentially employs a special consensus method that is intended to be decentralized, scalable, and secure. This makes it the first blockchain to successfully solve the trilemma. The Algorand consensus algorithm is based on Proof-of-Stake (PoS).

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