Kadena price
in USD
About Kadena
Kadena’s price performance
Kadena on socials
Guides
More to explore
Kadena FAQ
Dive deeper into Kadena
Kadena is a Layer 1 blockchain that strives to be both enterprise-ready and developer-friendly. It leverages a unique consensus mechanism called Chainweb, which employs a braided chain architecture to achieve high throughput and low fees. Furthermore, Kadena introduces a novel smart contract language called Pact, specifically designed to enhance security and efficiency compared to other existing smart contract languages.
What is Kadena?
Kadena is a blockchain platform that was established in 2016. It offers secure and scalable solutions tailored for businesses and developers. Kadena differentiates itself by utilizing a distinctive blend of public and private blockchains, effectively addressing the limitations of conventional blockchain systems. At the heart of Kadena lies the Chainweb protocol, a groundbreaking technology that interconnects multiple chains. This unique architecture enhances the platform's capacity to handle many transactions securely and efficiently.
The Kadena team
Kadena was founded by Stuart Popejoy and Will Martino, both possessing significant expertise in the blockchain industry. Popejoy, a former executive at JPMorgan Chase, played a pivotal role in developing the bank's initial blockchain solutions. Martino, previously a lawyer, served as the chairman of the Securities and Exchange Commission's Crypto Committee. United by their shared vision, Popejoy and Martino set out to create a blockchain platform that would excel in scalability and security, surpassing the capabilities of existing platforms.
How does Kadena work?
Kadena operates on a unique infrastructure that enables it to handle thousands of transactions per second while ensuring security. The network utilizes a consensus mechanism known as Proof of Work (PoW), similar to Bitcoin (BTC). Miners participate in a competitive process where they solve complex mathematical problems to validate and add blocks to the blockchain. The first miner to successfully solve a problem is rewarded with KDA tokens. These tokens hold value and can be traded for other cryptocurrencies or utilized for making purchases within the network.
Kadena’s native token: KDA
KDA is the primary token within the Kadena network. It is the native currency for various activities and transactions on the platform. The mining process involves solving intricate mathematical problems to enhance network security and prevent malicious attacks, allowing individuals to acquire KDA tokens. Users can utilize KDA to pay for transaction fees when engaging with the Kadena network.
KDA tokenomics
Kadena currently has a circulating supply of 167,257,413 KDA tokens, with a maximum total supply set at 1,000,000,000 KDA tokens. The creators of Kadena have meticulously crafted tokenomics to establish a system that promotes fairness and equity within the network.
KDA use cases
KDA has several potential use cases, and as the Kadena ecosystem expands, new applications may emerge. Presently, KDA can be utilized to develop and launch decentralized finance (DeFi) applications. It can also be employed in the creation and trading of non-fungible tokens (NFT). Furthermore, KDA has the potential to facilitate supply chain tracking for goods and services, as well as power gaming applications.
Distribution of KDA
The distribution of KDA tokens is as follows:
- Seventy percent is allocated to mining rewards, incentivizing network participation, and securing the blockchain.
- Ten percent is allocated to the team and advisors, recognizing their contributions to the project's development and success.
- Ten percent is allotted for ecosystem development, fostering the growth and expansion of the Kadena ecosystem.
- Ten percent is reserved for the foundation.
What does the future hold for Kadena
Kadena is an exciting and promising blockchain project that has the potential to revolutionize our utilization of the internet. While still in its early stages, the project has made significant advancements and demonstrated its capabilities. Supported by a talented team of developers and advisors, Kadena is well-positioned to achieve long-term success in the blockchain industry.
As the project continues to evolve, it is expected to bring forth innovative solutions and contribute to the advancement of decentralized technologies, shaping the future of how we interact with the internet.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.