The Kadena cryptocurrency (KDA) has a hybrid blockchain technology and is considered to be one of the fastest, most secure and scalable for companies and entrepreneurs in the crypto market. The project offers the security of Bitcoin, virtually free gas, unmatched throughput and smarter contracts.
The Kadena blockchain framework combines interoperable chains in one place through the Kadena public chain. Kadena provides solutions to the problems Ethereum faces. Furthermore, your blockchain it already offers interoperability, scalability and other functionalities.
In this article, we will discuss:
What is Kadena (KDA) Blockchain?
Kadena blockchain was created with the idea of revolutionizing the way the world interacts and transacts. But to achieve mass adoption, the technology chain and the ecosystem that connects it to the business world need to be reinvented from scratch.
The Kadena architecture has the tools to make the blockchain work for the business with speed, scale and energy efficiency once considered unattainable.
- Consensus Mechanism: Proof of Work
- Hash Algorithm:Blake2s_256
- Blocking time: 1,5 seconds (20 blocks every 30 seconds).
The main highlights of the project are:
Safer Smart Contracts
Pact makes designing smart contracts more effortlessly secure, whether you're writing your first contract or releasing your fiftieth dApp. By automatically detecting bugs, Pact frees you from the exploits you will face on Ethereum and other unsafe platforms.
Transactions at no cost
While we offer marginal transaction fees to consumers, we've gone a step further by introducing the first cryptographic gas station to allow companies to eliminate all transaction fees for their customers, thus removing a key barrier to mass adoption of dApps.
Large scale energy efficient
As demand from the grid increases, Kadena's energy usage remains constant. Its unique architecture makes it the only platform that can deliver greater energy efficiency at TPS (Transactions Per Second) scales.
Proven security
To meet the security and throughput demands of financial services customers, Kadena uses Proof of Work, which is reliable, secure and resistant to battle.
industrial scalability
Unlike other platforms, Kadena is designed to power global financial systems. The protocol continually scales to higher TPS (Transactions Per Second) as more strings are added to the network.
How does Kadena work?
Kadena is the only platform that offers a complete decentralized infrastructure. Your teams get all the encryption capabilities with the tools to go from concept to release in days rather than months.
DeFi, NFT and payments
Kadena's unique features and flexibility support every imaginable use case: NFTs and fractionals without items getting locked behind a single exchange. Non-fragmented liquidity pools that support unique incentives and cash flows on exchanges. Faster payments using Kuro Layer-2 technology with 480.000 TPS.
Interop and Relays
Every day, Kadena builders leverage what no other blockchain has: non-trust transfers (no third party trust required), decentralized, cross-chain transfers. And soon, transactions will be able to run seamlessly on Ethereum, Celo and Terra (protected by KDA bond), powered by Kadena's Chain Relay Bridge.
DAO governance
The Pact is governed at three levels: (1) code level, (2) account management level, and (3) setting strategic direction for key community initiatives. The next Kadena DAO will take this to the next level, empowering the community to fund new developer initiatives and will have much more authority over the entire Kadena platform.
Blockchain Designed for real world use
Powered by our team of world-class cryptography and smart contracts experts, Kadena has reimagined the blockchain from the ground up, combining a revolutionary chain architecture with the tools and services needed for broad adoption.
Public Blockchain
Proof of Work interconnected chains provide unmatched speed and security that integrate seamlessly with business systems. Independently tested by experts at Gauntlet Networks to demonstrate that the project can safely scale its own public blockchain.
Who created Kadena (KDA)?
The team that created Kadena (KDA) has decades of banking, commercial and regulatory experience. They had experience designing and installing software systems for leading financial and government agencies, including JPMorgan Chase and the US Securities and Exchange Commission.
What is Kadena token (KDA)?
KDA cryptocurrency is used to pay for mining activities on the Kadena public network. Similar to ETH on Ethereum, KDA on Kadena is the way miners are compensated for mining blocks on the network and is the transaction fee users pay for their transactions to be included in a block.
The coin has a total supply fixed at 1 billion tokens to be mined over 120 years.
Kadena Wallets (KDA)
Below we've listed Kadena's Official Custody Wallets (KDA) for desktop and mobile devices, with support guides to get you started.
zelcore
- zelcore: User-friendly wallet to store and trade KDA (third parties).
chainweaver
Main Portfolio developed by Kadena:
Where to buy Kadena (KDA) token?
Currently, cryptocurrency is listed on some exchanges such as KuCoin, Bittrex, CoinEx, Hoo.com and Hotbit.
Can Binance list Kadena (KDA) token?
There is still no official announcement on the listing of the Kadena cryptocurrency (KDA) in Binance. However, as crypto is already among the top 100 on the market, if there is real demand for kda the currency will certainly be listed in the near future on the Binance global cryptocurrency exchange.
Kadena was recently among the 17 assets that Coinbase analyzed to list in September 2021. The currency is considered by many crypto analysts to be one of the most likely projects to be listed on the exchange of cryptocurrencies such as Binance and Coinbase.
Kadena Price Prediction (KDA)
According to our crypto price prediction index, in 2023 the price of Kadena (KDA) could reach a maximum level of $74.00, with the average trading price of $55.03.
However, if you enter large cryptocurrency exchanges such as Binance and Coinbase, this price prediction can change quickly. However investing in cryptocurrencies is highly risky and speculative, and this article is not a recommendation to invest in cryptocurrencies or other assets.
Conclusion
Kadena (KDA) aims to be a more efficient blockchain than Ethereum, as are many other new projects. Recently, Kadena (KDA) benefited from the market rally, as the world's largest cryptocurrencies traded near their all-time highs, including Bitcoin, Ethereum and more.
Kadena Coin may not be a good investment for those looking to post profits in a short period of time, as the project is still ongoing and needs to show more features working for greater investor adoption.
