Kadena could be a public blockchain that aims to optimize for scalability and features a brand new smart contract language, dubbed Pact, which comes equipped with formal verification and upgradeable smart contracts. Kadena also uses a brand new Proof-of-Work (PoW) consensus mechanism called Chainweb that consists of multiple individually mined chains working in parallel to execute network transactions. This design theoretically supports a high-transaction throughput at the base-layer without the necessity for any second-layer scalability or functionality solutions.
Kadena may be a hybrid blockchain platform that mixes a public blockchain, a permissioned network, and also the Pact smart contract language. one of the most goals started by Kadena is to appreciate the potential of blockchain technology, which it aims to realize with its unique design and combination of technologies.
The project focuses on fixing issues faced by enterprises and entrepreneurs when it involves blockchain. Namely, there was no solution available that was ready to offer the rigorous performance and security requirements of a worldwide establishment. By releasing Kadena, the team believes there's now the proper option for those seeking industry-leading speed and safety for large-scale projects.
The way Kadena works revolves mainly throughout the hybrid blockchain platform design. The three elements each complement one another in an exceedingly way that permits for scalable, secure, and comparatively simple development.
The public blockchain utilized by Kadena, Chainweb, is that the only sharded and scalable layer-1 PoW network in production today. this permits for improved throughput and scalability, while still maintaining the extent of security enjoyed by Bitcoin. As of 2020, Kadena’s public blockchain runs employing a braided, parallelized design consisting of 20 chains, further increasing the throughput and scalability.
Next is Kadena’s permissioned network, Kuro. This private blockchain enables the project to fulfill the strict requirements and business workflows of a world enterprise. By specializing in scalability and usefulness, Kadena’s platform enjoys a high level of versatility, aided further by its open-source design.
The smart contract language Pact is what facilitates interactions between the general public and permissioned chains. It acts as a bridge that ties the ecosystem together and enables a number of the foremost innovative developments to require place. Pact specifically is sweet at facilitating transactional logic with the optimal mixture of functionality in authorization, data management, and workflow.
Kadena's price today is $6.97 with a 24-hour trading volume of $17,680,632. KDA price is down -0.4% in the last 24 hours. It has a circulating supply of 160 Million KDA coins and a total supply of 1 Billion. At the time of writing this post (November 2, 2021), KDA's Return On Investment (ROI) over the past year was 4,200%, exceeded in 'Cosmos Ecosystem, Protocol, Smart Contract Platform' categories which had 990% growth over the past year. It underperformed in the crypto market which had 40190% growth over the past year.
Projects with public Github account have more transparency and reliability. Regularly, investing in projects with multiple contributors and commits is considered a safer and better investment (this means they are busy working and building the project). According to its Github account, there are 17 Contributors to the development of KDA.
Another critical factor in the success of any project is gaining public attention. Our data shows that KDA 's Twitter account saw a growth of 233% over the last months in the number of followers, which is considerable. However, the Telegram channel users had a 124% growth over the last months. Impressive!
Over the last five months, KDA 's Market Capitalization rank followed an overall increasing trend, starting at the rank of 416-356 on July-Aug 2021, reaching 234 in Oct 2021. However, by the time of writing this post, KDA 's market cap rank is about 109, and its value is $1,092,580,204 Billion. Moreover, its liquidity score is 33% below the market's average score, making it relatively more difficult to sell in bear markets.
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