How much do you know about Kadena
An overview of the Kadena
Kadena is a Layer 1 blockchain that operates on a proof-of-work (PoW) consensus, just like Bitcoin (BTC). It differs from Bitcoin in that while Bitcoin runs on a single blockchain, Kadena combines multiple parallel blockchains to achieve PoW consensus, thereby increasing throughput and, in turn, addressing scalability issues without compromising decentralization and security.
Kadena tokens are used for trading over the network and will be used for DeFi and NFT transactions in the future, similar to how Ethereum is used on Uniswap (UNI) and OpenSea. Kadena tokens are best obtained using KDA machines. antminer ka3, for example. antminer ka3, which was officially launched in September 2022, antminer ka3 was officially launched in September 2022 and its hash rate reached 166TH/S, beating many similar mining machines. Moreover, antminer ka3 is affordable and has extremely high cost performance.
Since its launch in 2019, Kadena’s supply has been capped at 1 billion, which the team calls “emissions,” to be released over the next 120 years. This means the Kadena coin supply will not be fully mined until 2139.
With the launch of the Kaddex trading platform, the NFT market, and overall crypto sentiment improving, Kadena prices will also rebound.
The history of Kadena
Kadena was founded in 2016 and its main network launched in October 2019. It was founded by Wall Street veterans Stuart Popejoy, who heads the blockchain development group at jpmorgan Chase in New York, and Will Martino, who works at the Securities and Exchange Commission (SEC) in Washington, DC.
Kadena first received a $150,000 grant from the Cosmos Network Foundation and later raised $15 million in two rounds of funding before the project was released. Will Martino’s experience with the SEC was particularly important in enabling the program to fully comply with the laws and regulations implemented by the Commission.
Kadena currently employs more than 50 full-time employees and is headquartered in New York City, New York. At present, KDA machines are mainly developed by Jinbei and ibelink in the market, such as Goldshell KD5 Pro by Jinbei and ibelink BM-K1+ by iBeLink. In terms of calculation power and power consumption ratio, antminer ka3 from Bitmain is the most competitive.
How does Kadena work?
Kadena’s architecture is supported by multiple layers and chains. It was a highly sophisticated design that enabled them to combine the PoW mining model with dual public and privacy features. The following are the main technical concepts that make up the Kadena architecture.
1.Chain Network (Layer 1)
A core component of Kadena’s architecture is the “Chainweb” consensus, a network of 20 chains that are interconnected to power the Kadena chain. This is the basis of Kadena’s Layer 1 network.
These chains run in parallel under a system called sharding. While congestion is a common problem for one-chain (mainnet) networks such as Ethereum, Kadena deals with the problem by distributing the load across 20 different chains. Users can then set up an account on a less crowded chain with lower transaction costs and transfer their tokens across the chain using a smart contract protocol called Simple Payment Verification (SPV).
The network is interconnected and open. The network has been stress tested at 8,000 TPS to demonstrate the efficiency and resilience of the network. Under current conditions, it can be scaled up to 480,000 TPS, but it can be scaled vertically by adding new chains.
The code for this chain is written in Haskell, one of the most difficult and mathematically onerous programming languages. Haskell is also used in blockchains such as Cardano (ADA). The same algorithm is used by antminer ka3.
2.Kuro (Level 2)
Kuro is Kadena’s Tier 2 solution. In its initial release phase, it was called ScalableBFT, BFT stands for Byzantine Fault-Tolerant Consensus. Kuro Chain is designed for commercial use and brings smart contracts and privacy features to the chain.
For example, if a bank wanted to use Kadena to send private transactions (similar to sending Monero) without compromising customer data on the blockchain, they could use Layer 2 on Kadena to pass the data privately. Kuro also allows DEX to perform coin exchanges on the Kadena network.
Transactions on the Kuro chain incur gas fees, similar to Ethereum. In 2020, however, Kadena launched the gas station to pay users’ swap fees and conduct zero-fee transactions.
In-depth analysis of the prospect and value of KDA coins
The KDA hybrid blockchain platform consists of three parts: the public blockchain, the licensing network, and the Pact smart contract language. With both public and private chain features, Kadena’s private chain can be integrated with its public chain network and become part of it, creating new market use cases. Chainweb is Kadena’s public chain platform that uses interleavable, parallel PoW Consensus protocols to greatly improve network throughput and scalability. antminer ka3 also uses such a platform to calculate and obtain KDA coins.
Blockchain technology has unique advantages such as security and decentralization in many fields, but so far there has not been a large-scale outbreak of blockchain applications. The two major bottleneck problems troubling the current blockchain are insufficient scalability and too long confirmation time, which prompted the KDA team to rethink the blockchain technology. Meanwhile, based on Kadena’s team’s past experience, they see the affiliate chain as a key player in the future market.
The vision of the KDA project is to build the next generation of smart contract platform, focusing on providing users with blockchain technology solutions. Kadena offers both communal and affiliate technology solutions, as well as Pact, a smart contract language that allows developers to implement transaction logic and perform business operations.
KDA public chain improved the existing PoW consensus by adopting the parallel PoW architecture of Chainweb to combine multiple parallel chains independently running PoW consensus into the same network, improving the scalability of the entire system while retaining the decentralization and security features of PoW consensus mechanism.
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