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Kadena (company)

Kadena (company)

Kadena is creating a public blockchain using a new consensus mechanism called Chainweb, which uses a graph theory based braided Proof of Work system.

Kadena is creating a public blockchain using a new consensus mechanism called Chainweb, which uses a graph theory based braided Proof of Work system. The are also building an enterprise blockchain using BFT-consensus protocol.

Funding

Metastable, Kilowatt Capital, Coinfund and Multicoin Capital all invested in blockchain startup Kadena in a $2.25 million in a pre-A financing private-placement SAFT in January 2018.

Kadena has raised $12 million from Devonshire Investors, Fidelity Investments, SIG, Asimov Investments, Multicoin Capital and SV Angel and others through a Simple Agreement for Future Tokens (SAFT) sale.

Development

Kadena's Chainweb proof of work consensus system is intended to combine many parallel peer blockchains which can integrate their merkle roots together, ensuring that they can share information across the chains and create consensus across ledgers.

According to co-founder Stuart Popejoy, Kadena is building tools for the broader community to test, including a formal verification toolkit to help identify bugs. Kadena demonstrated a working prototype of the formal verification tool in 2017.

Timeline

People

Name
Role
Related Golden topics

Monica Quaintance

Paul Giordano

Stuart Popejoy

Vivienne Chen

Wayne Martino

Will Martino

Further reading

Title
Author
Link
Type

Evolution of Kadena, the First Real Private Blockchain

George Samman

The first scalable, high performance private blockchai

Will Martino

Documentaries, videos and podcasts

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Date
Link

Companies

Company
CEO
Location
Products/Services

References