kadena KDA crypto

We are going to talk more and more about Kadena, it seems to us, seeing the ever more rapid expansion of its ecosystem.

The particularity of Kadena is that it uses a layer 1 proof-of-work (PoW) which does not consume energy! This might surprise you because generally, this is why we point the finger at blockchain technology, and Bitcoin in particular.

However, that's all there, the objective of Kadena and its founder Stuart Popejoy likes to remind us of it. For him, Kadena is a new generation of smart contract blockchain. A blockchain that could rival ETH and BTC. In addition to advanced security, Kadena allows 480 transactions per second (TPS)!

Introducing Kadena

Kadena was created in 2016 by Will Martino and Stuart Popejoy. It took a long time to gain light. This is quite common for projects that take a long time to develop. Among the project advisors, there is a name that stands out, namely that of Stuart Haber who is considered to be one of the thinking heads of cryptographic science (quoted in the Bitcoin WhitePaper, no less).

Although Kadena is a layer 1 blockchain called Chainweb which operates in PoW, the fact remains that it also has its layer 2 called Kuro. This is used for certain types of transactions.

Kadena was built with the smart contract programming language known as “Pact,” which is built with Haskell.

To remember the essential points of Kadena:

chainweb : It is the layer 1 public blockchain which offers the sought-after scalability exploiting a PoW consensus mechanism using an innovative system of multiple combination with other chains.
Fuel : It is the open source private blockchain of layer 2 designed specifically for companies and businesses that want to use technology for their services.
Pact : It is the native open source smart contract programming language that was created by the Kadena team using Haskell for its installation.

Kadena’s KDA token

The KDA native token is used throughout the Kadena ecosystem. It is also used as rewards for minors. The total supply of KDA is set at 1 billion tokens and the current circulating supply at the time of writing is approximately 20% of the total supply.

Current KDA price

The distribution of KDA crypto followed this pattern:

Reserve Fund: Approximately 20% of the total supply is allocated to the platform reserve.
Miners: Around 70% of the total supply is allocated to miners. The issuance rate is expected to last for over 120 years… before the block reward pool is completely depleted. These tokens will be distributed gradually. The reward for the last block will eventually drop to zero and it will be block 125.
Investor/Investment Fund: Approximately 6% of the total offering is allocated to Investors/Strategics.
Contributor and advisors: Approximately 3% of the total offer is allocated to project employees, consultants.
Burn Energy Drink : Around 10 million tokens (1% of the total supply) have already been burned during the initial launch of the project.

By analyzing the tokenomics, we see that the KDA crypto is still the inflationary crypto (if we consider the circulating supply) and deflationary with a limited number of KDAs.

The Kadena ecosystem

The Kadena ecosystem is developing rather quickly, especially since the end of 2201. There you can find DEXs, wallets, marketplaces, NFTs and everything that constitutes the Dapps usual.

There are two wallets that can currently be used which are:

Chainweaver: This wallet was developed by the Kadena team.
zelcore: This wallet service is developed by a third party.
Kadex XWallet: the Kadex wallet.

Among the operational DEXs, we have Kadex which is a decentralized multiprotocol AMM with bridges/decentralized bridges . Kaddex has its token called KDX which functions as a governance token for the DAO and as a utility token.

Final Word and Future Development of Kadena (KDA)

From a technical point of view, Kadena distinguishes itself from other blockchains by providing more clarity in its design. Kadena does not seek to be innovative for the sake of being innovative but has exploited current technologies to strengthen them.

Investors are leaning heavily on this new network and the name ofStuart Haber brings a lot of scientific credibility to the project. It is a fact.

The fact also that the project contains a chain dedicated to the integration of specific entities specific to companies makes it an interesting and concrete technology.

For the moment Kadena has managed to join promising blockchains like Terra, Cela and especially Ethereum. This is how it will be able to reach a broader target.

Discover Kadena on the site.
One can buy KDA on Kucoin and Gate for example.

Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

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