Arbitrum DAO approves $23M backfund for 26 projects to boost its Ethereum L2 network. Will this pivotal move shape its future?
Learn more about Kadena
Table of Content
Kadena (KDA) price has declined today.
Kadena (KDA) is priced at $0.842 today, with a 24-hour trading volume of $4,519,166.43. It is reflecting a 3.40% decline over the last 24 hours and a 3.66% increase over the past 7 days. With a circulating supply of 274 Million KDA, Kadena’s current market cap is at $230,740,842.18.
What Exactly is Kadena (KDA)?
Kadena is a unique blockchain that combines Bitcoin’s proof-of-work (PoW) system with a directed acyclic graph (DAG) design.
This blend aims to make a better version of Bitcoin. Kadena offers the reliability of Bitcoin and boasts fast transaction speeds. It’s great for both big businesses and startups because of its decentralized multi-chain setup.
Unlike Bitcoin, Kadena focuses on using energy efficiently. It processes more transactions with the same energy. Also, it features crypto gas stations, which let businesses pay gas costs for their customers. This makes it easier for businesses to use blockchain.
Originally, Kadena had 10 blockchains, but now it has 20, with room to grow. An impressive addition is its Kuro private layer-two blockchain, which can process up to 8,000 transactions every second over 500 nodes.
Who Spearheaded the Creation of Kadena?
In 2016, Stuart Popejoy and Will Martino founded Kadena. Stuart previously led JPMorgan’s Blockchain division and has 15 years of experience in financial systems.
Will was a Chief Engineer at JPMorgan’s blockchain project, Juno, and held key roles at the Securities and Exchange Committee.
Another key person is Dr. Stuart Haber, who co-created blockchain and influenced Bitcoin’s foundation.
Kadena got funding from big crypto investors like Multicoin Capital, CoinFund, Amino Capital, and others.
What Distinguishes Kadena?
Kadena offers a fast public blockchain because of its mix of DAG and PoW consensus methods.
In simple terms, Kadena works by linking multiple chains together. This means multiple blockchains work together to verify transactions. Because of this, it can make many blocks at once, making it faster and more secure.
Kadena’s setup lets it grow based on user needs. But to add more blockchains, a big change called a hard fork is needed.
If there’s more demand, the network could grow to have 50, 100, or more chains. But growth isn’t automatic. If there’s too much traffic and fees rise, miners have to decide together to expand the network.
Kadena (KDA) Tokens: What’s Their Current Status?
KDA is Kadena’s official cryptocurrency with a total of 1 billion KDA issued.
This token pays for gas and rewards miners. Kadena had several token sales, with the latest in 2018 raising $12.9 million.
Here’s how the KDA tokens are distributed:
- Mining: 700 million over about 100 years
- Platform: 200 million over nine years
- Investors and others: 90 million
- Destroyed initially: 10 million
Currently, over 250 million KDA tokens are in circulation. Their release will slowly reduce over time.
How Does Kadena Ensure Network Security?
Kadena uses a system called Chainweb to connect its multiple blockchains. Each chain checks blocks from three others.
As more chains join, the network gets faster and more secure. To break in, a hacker would need to control all chains at once.
Also, Kadena has a special smart contract language called Pact. It’s user-friendly, made for blockchains, and very secure.
Where Might One Acquire Kadena (KDA) Tokens?
You can buy KDA tokens on exchanges like:
Most Used
More details
Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
-
Biggest exchange in the world.
-
Industry's lowest trading fees.
-
Advance trading options like leverage trading.
-
600+ crypto options, 150+ for the US.
-
Lucrative on-site staking options.
-
Hiccups in account verification.
-
Less regulated than some competitors.
-
The corporate structure is not transparently.
More details
OKX crypto exchange supports over 300 digital assets and over 80 fiat currencies. It is accessible in over 100 countries and territories across the world. It has one of the highest trading volumes in the crypto world and is a fantastic mobile app that offers all services on the go. The trading fees are very low. Its major drawback is its unavailability in certain countries.
-
Supports numerous tokens.
-
Great Mobile app.
-
Extensive educational resources.
-
Provision of multi-lingual services.
-
Geographical limitation.
-
KYC limitations.
Coinweb’s Price Prediction provides predictions for all cryptocurrencies. Check it out if you’re interested in purchasing Kadena.
Kadena is a blockchain that combines Bitcoin's proof-of-work system with a DAG design, aiming for fast transaction speeds and energy efficiency.
Stuart Popejoy and Will Martino founded Kadena in 2016, with backgrounds in JPMorgan's Blockchain division.
Kadena links multiple chains together for faster, secure transactions and can grow based on user demand with a hard fork.
KDA is the official cryptocurrency of Kadena with 1 billion issued. Over 250 million are currently in circulation.
You can purchase KDA tokens on exchanges like Binance, OKX, and KuCoin.
Related articles
-
-
BlackRock's new filing for a spot Ether ETF could revolutionize crypto investments, offering regulated, mainstream access. What's next?
-
Worldcoin phases out USDC for WLD rewards, signaling a pivotal move since its July introduction. A bold move or a misstep?
