Kadena
Kadena is the industry’s only scalable layer-1 Proof of Work (PoW) blockchain. The principal feature that drives Kadena is scalability, which enables Kadena to deliver infrastructure-grade performance for any blockchain project.
All edits by Ekaterina Litusova
Kadena was founded on the idea that blockchainblockchain could revolutionize how the world interacts and transacts. But to get to mass adoption, chain technology and the ecosystem connecting it to the business world needed to be reimagined from the ground up. Our founders built a proprietary chain architecture and created the tools to make blockchain work for business – at speed, scale, and energy efficiency previously thought unachievable.
Kadena aims to provide blockchain solutions for enterprises and entrepreneurs, providing the security of BitcoinBitcoin, virtually free gas fees, and high throughput.
In a world where every cryptocurrency is seemingly moving to Proof-Of-StakeProof-Of-Stake to process transactions on their blockchain, Kadena is instead going back to Proof-Of-WorkProof-Of-Work, which it believes is the safest method of securing their blockchain.
However, this comes with scalability issues, best seen by Bitcoin and EthereumEthereum, which both have expensive transactions, and are slow compared to newer blockchains.
However, token emissions schedules can be manually adjusted by Kadena and maybe eventually by a DAO (Decentralized Autonomous OrganisationDecentralized Autonomous Organisation). Investor/contributor allocations will also be fully vested in 20222022, but no clear dates are given.
With US$5.8 million worth of the tokens staked in 20 minutes, it shows a strong community mindset behind DeFiDeFi (Decentralized Finance) and yield farming amongst the Kadena community, which would help increase demand of the token.
Recently, Kadena bridged to the Ethereum Mainnet, allowing $KDA to be wrapped as an ERC-20 tokenERC-20 token. Bridging cross-chain with not only Ethereum, but other Layer 1s such as TerraTerra and PolkadotPolkadot will also allow unlock liquidity that can be used on the Kadena network.
The protocol has also been expanding rapidly to target the latest trends. This includes DeFi, Kadena as a DAO, which will give its token further use in governance, and NFTNFTs. Play-to-Earn games, the latest trend in the crypto space, are al so coming to the network.
Their list of partners goes all the way from big name companies like AmazonAmazon to the latest yield farming protocols such as Terra.
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