|Market Cap||$ 177.0M|
|Volume 24h||$ 5.9M|
The price of Kadena (KDA) has decreased today, sitting at approximately $ 0.69351300 per token. It's important to note that cryptocurrency prices are very volatile, and the value of KDA, like other digital assets, can fluctuate widely in a very short time.
Kadena is billed as one of the first blockchain platforms to offer a scalable blockchain solution that's ready for real-world applications. It operates a braided, high-throughput Proof of Work protocol known as Chainweb, which promises both robust security and high transaction throughput. Kadena aims to be a comprehensive ecosystem, bringing together public applications, private blockchains, and interoperable chains to create a unified and efficient network.
Kadena's enterprise platform is already in use across various sectors, including finance, healthcare, and insurance. It's designed to enable developers to move quickly from concept to launch, fostering innovation and evolution within the blockchain space.
The team behind Kadena boasts experienced members with backgrounds from major companies in finance and technology, however, specific details about the founders or leading figures in its development might be found on Kadena's website or through its official documentation.
Kadena's functionality hinges on its unique Chainweb protocol. Chainweb is a novel approach to blockchain architecture that involves the interweaving of multiple chains to increase capacity and throughput. This braided chain structure allows Kadena to process a higher volume of transactions without sacrificing the security benefits of traditional Proof of Work blockchain networks.
The Kadena token (KDA) is the native cryptocurrency fueling the network. It's used to pay for computation and transaction fees on Kadena’s public blockchain, similarly to how ETH is used on Ethereum. Miners receive KDA as a reward for their work securing the network and processing transactions.
Kadena stands out in its claim to address many issues faced by prominent blockchains like Ethereum, particularly in terms of scalability, interoperability, and security. It promises to deliver features like Formal Verification—assuring that code behaves correctly—which many blockchains are only starting to explore.
Its dual focus on supporting both enterprise applications and individual developers makes Kadena a versatile platform. The ambition to bridge public and private blockchain operations is also a noteworthy endeavor that could facilitate new kinds of interoperable applications.
The core technologies that underpin Kadena include:
Chainweb: This is Kadena's primary innovation, a parallelized Proof of Work consensus mechanism that connects multiple chains for increased transaction capacity.
Formal Verification: Kadena incorporates mathematical assurances that the smart contracts executed on its platform perform exactly as intended, which is a critical feature for security-reliant applications.
Scalability: Due to Chainweb's architecture, Kadena claims to be able to scale efficiently to handle increasing demand without compromising on security or decentralization.
Kadena utilizes a Proof of Work mechanism, which is a time-tested method of securing blockchain networks. The integration of multiple chains in the Chainweb protocol is designed to enhance the inherent security features of Proof of Work, creating a network that is highly resistant to attacks while still being scalable.
The circulating supply of Kadena's native token, KDA, is currently 255.3M. The total supply that will ever be available is set at 1000.0M. This finite supply is similar to other cryptocurrencies and is designed to prevent inflation by creating scarcity.
Kadena claims to offer a powerful and scalable blockchain solution that's suitable for both enterprise and public use cases. With its high transaction throughput and sophisticated security measures, it holds the potential to be a platform of choice for developers wanting to build complex applications.
Kadena (KDA) is available for purchase on several cryptocurrency exchanges. You can check the current list of KuCoin, Gate.io, TradeOgre, Binance US, CoinEx where KDA is tradable. Remember to do your due diligence and choose a reputable exchange when buying or trading cryptocurrencies.
The best way to keep your Kadena tokens safe is by storing them in a secure wallet. Consider using hardware wallets for the best security, especially if you're holding a substantial amount of KDA. Always ensure that your wallet's software is up-to-date and be cautious of phishing attempts or scams.