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

April 2018

Kadena raises a $12,000,000 series B round from SV Angel, Susquehanna International Group, Multicoin Capital, Asimov Ventures and Devonshire Investors.

Funding rounds

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People

Name
Role
LinkedIn

Anastasia Bez

Employee

Doug Beardsley

Employee

Emily L Pillmore

Employee

John Revelle

Investor

Marie Leaf

Employee

Monica Quaintance

Paul Giordano

Stuart Popejoy

Taylor Rolfe

Employee

Vivienne Chen

Wayne Martino

Will Martino

Further reading

Title
Author
Link
Type
Date

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

News

Title0
Author0
Date0
Publisher0
Description0
Omar Faridi
May 20, 2020
Crowdfund Insider
Chainlink's "decentralized" oracle network to be integrated with Kadena's proof of work based blockchain network.
Ron Miller
January 15, 2020
TechCrunch
For the last few years blockchain startup Kadena, has been working on a vision of bringing blockchain to the enterprise. Today it announced the final piece of that vision with the launch of the Kadena public blockchain. In earlier releases, the company offered the ability to build private blockchains on AWS or Azure. Company co-founder [...]
Research and Markets
August 27, 2019
www.prnewswire.com:443
DUBLIN, Aug. 27, 2019 /PRNewswire/ -- The "Global Ceramic Armor Market Analysis & Trends - Industry Forecast to 2027" report has been added to...

References

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