What is Kadena (KDA)? Project overview and KDA . token

• General overview of the Kadena project (KDA)
• What is Kadena (KDA)?
• The vision and reality of the Kadena project (KDA)
• Basic concepts in Kadena (KDA)
• What problem does Kadena (KDA) solve?
• Kadena Solutions (KDA)
• Highlights of the project (KDA
• Kendea project development roadmap
• Kadena . developer team, investors and project partners
• General overview of KDA . token
• Basic information about KDA . token
• KDA . Token Allocation
• Token distribution schedule
• Where can KDA tokens be stored and traded?
• Kadena (KDA) project evaluation, should I invest in KDA tokens?
• Frequently asked questions about the Kadena . project
• summary

Blockchain expansion is one of the hottest topics and an arms race of many projects in the blockchain space. Among them must be mentioned Kadena, a platform aimed at solving scalability and security for networks. So what is Kadena? Is the project really performing as well as expected? Is KDA token a potential investment option? To answer these questions, join us to learn more about the Kadena project and the KDA token. 

General overview of the Kadena project (KDA)

Let's start with an overview of the Kadena project including technology, vision, solutions, roadmap, development team. 

What is Kadena (KDA)?

Kadena is a hybrid blockchain platform that includes both public blockchain and private blockchain and Smart Contract Pact programming language. Kadena combines Bitcoin's proof-of-work consensus protocol with directed ring graph (DAG) principles. The aim is to create a Bitcoin-like but scalable blockchain. 

Kadena also confidently asserts that the project can provide as good security as Bitcoin. At the same time, the project is also scalable, providing unparalleled throughput to serve businesses, organizations, and individuals. Besides, Kadena's infrastructure is also highly decentralized, creating favorable conditions for multi-chain Dapps. 

The vision and reality of the Kadena project (KDA)

Kadena's aim is to revolutionize the entire world of interactions and transactions. But for mass adoption, the technology on the chain and bringing the ecosystem to connect with the business world needs to be reshaped from the ground up.

It can be said that Kadena has built a proprietary chain architecture and created a breakthrough for blockchain applications in real life. Kadena's ambition to revolutionize the entire blockchain and real-world space is no small feat. In fact, in order to mass apply blockchain technology and connect Kadena's ecosystem with the world inside and outside the blockchain space, the project will probably need more time.

Kadena already offers Crypto Gas Stations that allow customers to pay with cryptocurrencies. This is also the first foundation brick in the journey to solve the difficulties of large enterprises in applying blockchain technology to business activities. In the not too distant future, it is very likely that Kadena will expand to support traditional financial systems globally, in accessing and applying blockchain technology. 

Basic concepts in Kadena (KDA)

Let's learn with TraderH4 the important concepts in Kadena including: Kadena's Public Blockchain, Kadena's Private Blockchain, Smart Contract Pact, ChainWeb.

• Kadena's Public Blockchain 

Kadena's Public Blockchain platform was built by Will Martino – he is also the founder of the Kadena project. This is a Proof-of-Work consensus system that runs in parallel on the Chainweb platform while maintaining security and improving throughput. So Kadena's blockchain is faster, more secure, and has better scalability.

• Kadena's Private Blockchain

Previously, Kadena's Private Blockchain was called ScalableBFT. This is a very private blockchain platform and is usually only offered to businesses in need. A special feature of Kadena's Private Blockchain is that only authorized people can participate in validating the network.

• Smart Contract Pact

Pact is a native programming language, developed by a team of experts Kadena. Smart Contracts on the Private Blockchain of KDA tokens will be written in Pact language. Thus, the network is more efficient for transactions, payments, and more secure than the Ethereum platform's Solidity programming language .

• ChainWeb

ChainWeb is a separate protocol, adopted by the Kadena team with the aim of increasing the load capacity across the network, while improving the security of the platform.

What problem does Kadena (KDA) solve?

Most blockchains today face one of two major problems: security, decentralization.

• Blockchain has poor scalability

With the explosion of Layer 1, Layer 2 platforms and Dapps, transactions in the blockchain network are often congested. As a result, the transaction speed is slowed down and the network performance is reduced. 

• Security and Decentralization

Although PoW consensus protocol has high security, it is limited in scalability. Therefore, many next-generation projects aim to use alternative consensus protocols such as PoS, PoC or integrate the protocol with networks and processes off-chain (Off-chain), side-chain (Side-chain). ). However, the security capabilities of these new consensus protocols have security holes and the possibility of decentralization. 

Kadena Solutions (KDA)

To solve the dilemma between choosing security or scalability, the Kadena development team offers the solution, the Chainweb protocol. This is a novel architecture using parallel PoW blockchain that combines hundreds and thousands of individually mined peer-to-peer chains into one network.

This model of the Chainweb protocol makes it possible for Kadena to maintain security without using Sidechain like many other projects. Besides, this new architecture also makes it possible for the platform to handle a large number of transactions with ease. The development team's tests show an extremely good level of security improvement, intending to produce about 1000 more different chains that can be used publicly.

• The Chainweb protocol links to multiple blockchains, runs in parallel, and simultaneously divides the large computational load across blockchains. Besides, different chains can also easily share data, approaching multi-chain through Merkle Tree structure.
• In the Chainweb architecture, if a Dapp is congested on some chains, it will not affect the others. 

Project Highlights (KDA)

Let's find out the outstanding features of the Kadena project with TraderH4!

• Complete infrastructure: Kadena is the only platform that provides a complete decentralized infrastructure for developers to build Dapps. Kadena's groundbreaking architecture is widely used, providing full features for developers. Building a Dapp is incredibly easy and ready to launch in just a few days. 
• Safe, Smart Contracts: Because Kadena's Smart Contracts use Pact, a smart, easy-to-understand programming language that anyone can read. Besides, Pact makes the creation of smart contracts more secure because it has the ability to automatically detect errors, outperforming the complicated process like on Ethereum.
• Impressive scalability: The Chainweb structure running multiple blockchains in parallel allows this protocol to continuously scale and improve TPS (quantity and time of transactions). With a multi-chain structure, Kadena has the ability to scale up to more than 9 million transactions made on the NYSE exchange every day.
• Security: Not only does it solve scalability, but the Chainweb protocol also allows Kadena to use the most secure Proof-of-Work (PoW) consensus mechanism on the market. Kadena has combined many Bitcoin-like chains to both improve throughput and scalability while ensuring security.
• More efficient network: Kadena has multiple chains running at the same time, so a chain or Dapp failure will not affect the transaction speed of other blockchains. This makes the network more efficient.
• Transaction Fees: The Kadena Project has built Crypto Gas Stations, allowing businesses to eliminate all transaction fees for their customers. Therefore, Dapp customers will not have to pay any fees.
• Ideal Ecosystem: The Kadena Project works with any service, so you can build as you please and anywhere. Supported with an integrated ecosystem of products and services in businesses, Mining, DeFi, Oracles, Interop, Smart Contract , wallets and exchanges… will definitely be an advantage for developers to build applications use to make the most of available resources.

Kadena . project development roadmap

Let's join TraderH4 to find out the project development milestones achieved and the new routes Kadena will conquer in 2022!. 

Kadena Milestones Completed 

Communication

• Chainweb 2.12 . mainnet
• Release of Pact 4.2.0 (lambdas, native, endurance improvements)
• Signing Chainweaver SigBuilder
• Release Ledger dev-beta

Ecosystem

• Listing on OKX exchange
• Refresh the developer docs
• Launch of Kadena Eco: an innovation network for rapid growth 
• List exchange on Binance exchange
• Listing on Okcoin exchange

Kadena's development roadmap in 2022

Communication

• Launching Pact Core v1
• Connect Kadena to Ledger Hardware Wallet
• Supports Wallet API to perform multiple transactions
• Search accounts and check balances in block explorer
• Chainweaver token support

Ecosystem

• Kaddex, Launching DEX on Kadena
• Launching wrapped tokens (kBTC, kETH, kUSD) on Kadena
• Marmalade, the NFT standard, launches on Kadena
• Promote the idea of ​​​​creating the ecosystem of phase 1
• Promote the idea of ​​​​creating the ecosystem phase 2
• Ecosystem Development Partnerships
• Co-marketing to promote Kadena's ecosystem
• Listed on all US exchanges
• Kadena EVM decentralized bridge infrastructure testing
• Kadena-Cosmos IBC bridge (Terra) trial
• Development of lending platform infrastructure
• Kickstarting the idea of ​​sustainable mining Kadena
• Kadena v2 . Developer Documentation
• Establishment of development programs, ambassadors and phase 2 funding
• Community Bootcamp

Kadena . developer team, investors and project partners

To have such strong breakthroughs in technology, the Kadena project has been very carefully prepared. Kadena was founded in 2016 by Stuart Popejoy and Will Martino.

• Stuart Popejoy is a particularly well-known figure in the community. Before founding Kadena, he was the leader of JP Morgan's emerging blockchain team. In addition, Stuart has over 15 years of experience building systems and infrastructure in the financial sector. 
• Will Martino is the lead engineer for JPMorgan's Juno blockchain prototype. In addition, he is also the Technical Lead for the SEC Cryptocurrency Steering Committee. 

Kadena's advisor

Another key figure in the founding of Kadena was Dr. Stuart Haber. He was the co-inventor of blockchain technology, before Bitcoin appeared. So it is completely understandable that he is the most cited author of the Bitcoin whitepaper.

In addition, Kadena has many other senior advisors. For example, Monica Quaintance is the CEO of Zenia Systems – a blockchain-focused software company. Alex Pinchev – Founder of Capri Ventures, Chairman of the Board of Directors of Red Hat and Jas Sures, Tony Pham and a strong technical and sales team. 

Partners and investors 

Kadena is a project that has received the attention of big names inside and outside the blockchain space such as JP Morgan, Apple, Microsoft, Disney, Cardano… In addition, the project has also raised capital from a number of venture capitalists. like Multicoin Capital, CoinFund, Amino Capital and others.

General overview of KDA . token

Basic information about KDA . token

• Token Name: Kadena
• Ticker: KDA
• Blockchain: Kadena
• Consensus Mechanism: Proof-of-Work
• Total Supply: 1,000,000,000 KDA
• Circulating: 184.802,447.92 KDA

KDA . Token Allocation

Token distribution schedule

The 200 million KDA tokens of the “platform” reserve will not be allocated for 2 – 5 years after the mainnet launch. The rest is allocated gradually in the period of 2019 – 2020 as shown in the figure. 

The figure below is a view of the amount of KDA tokens circulating in the market.

The token portion for mining is 700,000,000 tokens, which are expected to be mined in 120 years.

Where can KDA tokens be stored and traded?

Currently, there are the following ways to earn KDA tokens:

• Join as a miner, mine KDA on the Kadena blockchain.
• Buy tokens directly on major exchanges such as: Binance, KuCoin, Gate.io, OKX…

• KDA is the native token of the Kadena blockchain. So you can use Chainweaver, the official Kadena wallet to store KDA tokens.
• In addition, you can store on multi-asset wallets, such as ZelCore - a multi-asset wallet that has both a desktop version and a mobile App (iOS and Android).
• Hot wallets on exchanges: Finally, you can completely store KDA tokens on exchanges that support listing this token. However, the exchange wallet is a centralized wallet (the exchange is controlled), so the level will be lower than Kadena's wallet and multi-asset wallet. 

Kadena (KDA) project evaluation, should I invest in KDA tokens?

Above TraderH4 introduced details about the technology of the project, the development team and detailed information about the KDA token. However, giving advice on whether or not to invest for you will lack objectivity. Therefore, we will summarize the advantages and disadvantages for you to evaluate and make your own decision. 

Advantages of the Kadena project

• Kadena provides enterprise-class security services, extending, accessing and applying blockchain technology to enterprise business operations. 
• The protocol leverages a combination of advanced features and proprietary protocols to create a unique and efficient way to alleviate network congestion and scalability concerns.
• The KDA token, although using the PoW consensus protocol, features smart contracts, is scalable, and has extremely low transaction fees.
• The Kadena project has a development team with knowledge and expertise and the mentorship of the co-founder of blockchain technology.
• Transparency, security, safety and censorship resistant. All transaction information is immutable and does not require intermediaries. No one has the right to confiscate or freeze your KDA coin and you can trade it anywhere in the world.
• The liquidity of KDA token is quite good, reaching the top 100 coins/tokens with the largest capitalization in the world, up to billions of USD.

Disadvantages of Kadena (KDA)

• KDA token storage wallet is still very limited.
• The price of KDA coin has increased so much because of the general trend of the cryptocurrency market in 2021, but Kadena itself has not really stood out compared to other platform coins.
• KDA coin is heavily influenced by Bitcoin price.
•  KDA uses PoW instead of PoS, but PoS is the general trend of the cryptocurrency market today.

Frequently asked questions about the Kadena . project

• Is it possible to mine DKA tokens to earn extra income?

Similar to Ethereum, Bitcoin, players can mine KDA tokens on Kadena's blockchain to earn more.

• Is Cosmos and Kadena related?

Cosmos and Kadena have a special bond. The Kadena development team has received funding from the Interchain Foundation to implement the Smart Contract Pact language on the Cosmos network's Tendermint protocol. Therefore, Kadena and Cosmos can be considered as support and mutual development partners.

• Who are the partners of the Kadena project?

In addition to well-known partners in the Crypto industry such as Polkadot, Cosmos, Chainlink…, Kadena also provides enterprise software, companies in the fields of finance, insurance, healthcare, DeFi...

Conclude 

In the above article, we shared detailed information about the Kadena project and the KDA native token. Kadena is highly appreciated for being backed by a knowledgeable and experienced development team in the field. The project's unique architecture and breakthrough technology is also a big plus. However, investors need to calmly research and analyze carefully before making investment decisions. Let's accompany TraderH4 to update other potential projects!