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project icon for kadena

Kadena

KADENA
n/a

Kadena is a private smart contract platform designed to scale to thousands of users and a public system of parallel blockchains called Chainweb.

Overview

Project Stage

Testnet status icon

Amount Raised

$29,805,000.00

Market Cap

Sector

Smart Contract Platform

Blockchain

Native token icon

Kadena

Funding Source

Equity Funding, Token Sale

Project Profile

Kadena offers a private blockchain solution designed to scale to thousands of users and a public system of parallel blockchains called Chainweb. Kadena have also designed a user-friendly smart contract programming language called Pact, which emphasizes formal verification and supports modular updates to the smart contracts across the network without the need for hard-forks. Chainweb is designed to support transaction throughput significantly greater than that of existing PoW blockchains. This is achieved via a system comprising multiple blockchains referencing one another where the resulting ‘super chain’ is designed to achieve transaction throughput of the order of 10,000 per second. Founder William Martino has experience as lead engineer on a projects for JP Morgan’s Emerging technology group, where he researched consensus mechanisms via a fork of Tangaroa a consensus mechanism written in Haskell. He also held the post of Senior Science Advisor to the SEC.

Protocol Details

Kadena is designed to be a scalable blockchain solution that yet continues to employ PoW consensus, which the team believe afford them advantages from a regulatory perspective not afforded other consensus mechanisms more typically considered to aid in scaling. Unlike many PoS consensus mechanisms, PoW is exempt from U.S. Money-Transmitter (MTA) regulation in virtue of the probabilistic nature of block production and distribution of the associated rewards. Parallel PoW can draw from hundreds or thousands of chains to create one large network, achieving large throughput and enjoying enhanced security guarantees as a result of the inter-referencing of the blocks between chains. Kadena’s smart contracts include Simple Payment Verification (SPV) technology inspired by Bitcoin for multiple blockchains, whereby a transaction can verified via a light client rather than a copy of the entire blockchain, enabling trustless transfer of assets across different chains. Kadena limits congestion fees, such as those seen associated to BTC transactions during times of high network activity, by facilitating a higher transactional throughput for the same amount of hashing resources. The Pact programming language is Turing incomplete, so looping programs are only able to execute over finite lists of operations, preventing infinite loops of computation from perturbing the network. Kadena's public blockchain launched January 2020.

Asset Details

Kadena's token, KDA, is rewarded to miners who discover valid bocks, incentivizing miners to contributed to network security. KDA is also used to pay for smart contract creation, executions, and direct transfers, broadly functioning the same way as Ethereum's gas. At genesis, block rewards were 2.3 KDA per block with a 30-second target block time. Mining rewards are programmed to decrease approximately 0.3% every 87,600 blocks, eventually dropping to zero at block height 125,538,057.

project icon for kadena

Kadena

KADENA
n/a

Kadena is a private smart contract platform designed to scale to thousands of users and a public system of parallel blockchains called Chainweb.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Testnet status icon
Testnet
Native token icon

Kadena

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Equity Funding, Token Sale

$30MM

Smart Contract Platform

Project Profile

Kadena offers a private blockchain solution designed to scale to thousands of users and a public system of parallel blockchains called Chainweb. Kadena have also designed a user-friendly smart contract programming language called Pact, which emphasizes formal verification and supports modular updates to the smart contracts across the network without the need for hard-forks. Chainweb is designed to support transaction throughput significantly greater than that of existing PoW blockchains. This is achieved via a system comprising multiple blockchains referencing one another where the resulting ‘super chain’ is designed to achieve transaction throughput of the order of 10,000 per second. Founder William Martino has experience as lead engineer on a projects for JP Morgan’s Emerging technology group, where he researched consensus mechanisms via a fork of Tangaroa a consensus mechanism written in Haskell. He also held the post of Senior Science Advisor to the SEC.

Protocol Details

Kadena is designed to be a scalable blockchain solution that yet continues to employ PoW consensus, which the team believe afford them advantages from a regulatory perspective not afforded other consensus mechanisms more typically considered to aid in scaling. Unlike many PoS consensus mechanisms, PoW is exempt from U.S. Money-Transmitter (MTA) regulation in virtue of the probabilistic nature of block production and distribution of the associated rewards. Parallel PoW can draw from hundreds or thousands of chains to create one large network, achieving large throughput and enjoying enhanced security guarantees as a result of the inter-referencing of the blocks between chains. Kadena’s smart contracts include Simple Payment Verification (SPV) technology inspired by Bitcoin for multiple blockchains, whereby a transaction can verified via a light client rather than a copy of the entire blockchain, enabling trustless transfer of assets across different chains. Kadena limits congestion fees, such as those seen associated to BTC transactions during times of high network activity, by facilitating a higher transactional throughput for the same amount of hashing resources. The Pact programming language is Turing incomplete, so looping programs are only able to execute over finite lists of operations, preventing infinite loops of computation from perturbing the network. Kadena's public blockchain launched January 2020.

Asset Details

Kadena's token, KDA, is rewarded to miners who discover valid bocks, incentivizing miners to contributed to network security. KDA is also used to pay for smart contract creation, executions, and direct transfers, broadly functioning the same way as Ethereum's gas. At genesis, block rewards were 2.3 KDA per block with a 30-second target block time. Mining rewards are programmed to decrease approximately 0.3% every 87,600 blocks, eventually dropping to zero at block height 125,538,057.

Recent News

Kadena releases new smart contract language, plans a public network release in October

June 6, 2019

Sources:

CoinDesk

Coinbase is exploring listing an additional 17 assets for trading.

These projects include: Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. The majority of these projects have yet to release a mainnet and raised funds through private token sales and/or SAFTs. Previous token listings have seen little trading demand; over 95% of Coinbase's volume YTD is in BTC, ETH, LTC, BCH, or XRP markets.

September 20, 2019

Sources:

more

Kadena launches mainnet with over 1 TH/s hash power amidst ongoing Coinlist token sale.

Kadena is a Turing-incomplete smart contract platform utilizing a braiden Proof of Work consensus mechanism that allows parallel transaction processing while maintaing a single global state. Kadena also utilizes the novel smart contract language Pact, which is designed to be more accessible to developers thatn Solidity and EVM bytecode. The Coinlist token sale is open to both US and international investors with price varying signficantly based on lockup; Kadena tokens will be exclusively tradeable on the newly launched Coinlist exchange. Including recent offerings such as Nervos, Coinlist has raised over $800 million for over a dozen projects in the last two years.

November 17, 2019

Sources:

moreKadena
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project icon for kadena

Kadena

KADENA
n/a

Kadena is a private smart contract platform designed to scale to thousands of users and a public system of parallel blockchains called Chainweb.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Testnet status icon
Testnet
Native token icon

Kadena

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Equity Funding, Token Sale

$30MM

Smart Contract Platform

Project Profile

Kadena offers a private blockchain solution designed to scale to thousands of users and a public system of parallel blockchains called Chainweb. Kadena have also designed a user-friendly smart contract programming language called Pact, which emphasizes formal verification and supports modular updates to the smart contracts across the network without the need for hard-forks. Chainweb is designed to support transaction throughput significantly greater than that of existing PoW blockchains. This is achieved via a system comprising multiple blockchains referencing one another where the resulting ‘super chain’ is designed to achieve transaction throughput of the order of 10,000 per second. Founder William Martino has experience as lead engineer on a projects for JP Morgan’s Emerging technology group, where he researched consensus mechanisms via a fork of Tangaroa a consensus mechanism written in Haskell. He also held the post of Senior Science Advisor to the SEC.

Protocol Details

Kadena is designed to be a scalable blockchain solution that yet continues to employ PoW consensus, which the team believe afford them advantages from a regulatory perspective not afforded other consensus mechanisms more typically considered to aid in scaling. Unlike many PoS consensus mechanisms, PoW is exempt from U.S. Money-Transmitter (MTA) regulation in virtue of the probabilistic nature of block production and distribution of the associated rewards. Parallel PoW can draw from hundreds or thousands of chains to create one large network, achieving large throughput and enjoying enhanced security guarantees as a result of the inter-referencing of the blocks between chains. Kadena’s smart contracts include Simple Payment Verification (SPV) technology inspired by Bitcoin for multiple blockchains, whereby a transaction can verified via a light client rather than a copy of the entire blockchain, enabling trustless transfer of assets across different chains. Kadena limits congestion fees, such as those seen associated to BTC transactions during times of high network activity, by facilitating a higher transactional throughput for the same amount of hashing resources. The Pact programming language is Turing incomplete, so looping programs are only able to execute over finite lists of operations, preventing infinite loops of computation from perturbing the network. Kadena's public blockchain launched January 2020.

Asset Details

Kadena's token, KDA, is rewarded to miners who discover valid bocks, incentivizing miners to contributed to network security. KDA is also used to pay for smart contract creation, executions, and direct transfers, broadly functioning the same way as Ethereum's gas. At genesis, block rewards were 2.3 KDA per block with a 30-second target block time. Mining rewards are programmed to decrease approximately 0.3% every 87,600 blocks, eventually dropping to zero at block height 125,538,057.

Recent News

Kadena releases new smart contract language, plans a public network release in October

June 6, 2019

Sources:

CoinDesk

Coinbase is exploring listing an additional 17 assets for trading.

These projects include: Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. The majority of these projects have yet to release a mainnet and raised funds through private token sales and/or SAFTs. Previous token listings have seen little trading demand; over 95% of Coinbase's volume YTD is in BTC, ETH, LTC, BCH, or XRP markets.

September 20, 2019

Sources:

more

Kadena launches mainnet with over 1 TH/s hash power amidst ongoing Coinlist token sale.

Kadena is a Turing-incomplete smart contract platform utilizing a braiden Proof of Work consensus mechanism that allows parallel transaction processing while maintaing a single global state. Kadena also utilizes the novel smart contract language Pact, which is designed to be more accessible to developers thatn Solidity and EVM bytecode. The Coinlist token sale is open to both US and international investors with price varying signficantly based on lockup; Kadena tokens will be exclusively tradeable on the newly launched Coinlist exchange. Including recent offerings such as Nervos, Coinlist has raised over $800 million for over a dozen projects in the last two years.

November 17, 2019

Sources:

moreKadena