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Kadena

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1 KDA = 0.5238 USD
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What Is Kadena?

Kadena is a Layer 1 blockchain ecosystem designed to benefit a diverse range of builders, regardless of their level of expertise. It was founded in 2016 by William Martino and Stuart Popejoy, both of whom have extensive backgrounds in blockchain and financial technology, having worked on JPMorgan’s first blockchain project, the JPM Coin. Kadena stands out for its dual-layered blockchain system, Chainweb, a public blockchain, and Kuro, a private blockchain, both designed to address the common issues of scalability, security, and speed that have hindered the mass adoption of blockchain technology.

Kadena's unique architecture allows it to offer solutions to the blockchain trilemma, enabling it to achieve security, scalability, and decentralization simultaneously. It employs a multi-chain, braided structure, allowing it to process transactions at an industrial scale, making it a suitable technology across various industries. The ecosystem supports community projects and is actively being adopted by early Web 2.0 and Web 3.0 companies, connecting to major entities like Ethereum Mainnet, Polkadot, Terra, and Amazon.

Resources

Official Documents: https://docs.kadena.io/basics/whitepapers/overview

Official Website: https://kadena.io/

How Does Kadena Work?

Kadena operates through a distinctive dual-layered system. The first layer, Chainweb, is a public blockchain, allowing any user to contribute to the ledger, enhancing functionality and scalability. It initially operated with 10 chains but was upgraded to 20 braided chains to improve scalability without compromising security. Chainweb achieves scalability by sharding transactions and can process up to 480,000 transactions per second, a significant improvement compared to Bitcoin and Ethereum.

The second layer, Kuro, is a private blockchain, tailored for commercial applications and operates at a much faster rate than Chainweb, capable of processing 8,000 transactions per second over 500 nodes. Both blockchains work in tandem, using a multiple-braided chain approach, combining the Proof of Work mining model with the desired level of privacy. Kadena’s architecture, including its smart contract language, Pact, is designed to drive the growth of DeFi ecosystems, offering a Turing-complete language, meaning it includes all functions that can be executed by computers.

What Is KDA Token?

KDA is the native cryptocurrency of the Kadena network, used to pay for block mining and computational power. It plays a crucial role in transaction fees, with users paying KDA to include individual transactions in a block. However, Kadena has introduced innovative solutions like Gas Stations, enabling zero-fee transactions and removing a significant barrier to mass adoption. The tokenomics of Kadena are structured with allocations for miners, reserve, seed/investor, and developers, with miners receiving the majority share as they are responsible for the security of Kadena.

Kadena's Impact on Finance

Kadena’s impact on the financial sector is profound, positioning itself as a top alternative for blockchain adoption in global banking and financial services. Its advanced features, such as industrial scalability, security equivalent to Bitcoin, and the ability to process more than 200 transactions per second with confirmations within 10 seconds, make it a desirable technology in finance. Its smart contract language, Pact, is developed for enterprise-level applications, allowing non-programmers to create scalable solutions efficiently.

Kadena’s approach to resolving the issues of scalability, security, and decentralization in blockchain technology makes it a strong contender in the blockchain and cryptocurrency space, competing with giants like Ethereum and Bitcoin. Its continuous advancements and the introduction of features like an NFT marketplace and a zero-gas DeFi trading platform, Kaddex, signify its potential for large-scale adoption in the future.

What Determines Kadena's Price?

The price of Kadena (KDA), like other cryptocurrencies, is influenced by a myriad of factors, making it essential for cryptocurrency enthusiasts and potential investors to stay abreast of cryptocurrency news and trends. One significant determinant of Kadena's price is its supply and demand dynamics in the cryptocurrency market. The availability of KDA on various cryptocurrency exchanges such as Bitget allows for increased accessibility and liquidity, impacting its price. Additionally, the overall sentiment in the crypto community, driven by cryptocurrency experts, influencers, and events, can significantly sway Kadena's price, either driving it upwards during periods of positive sentiment or causing declines during negative market moods.

Cryptocurrency analysis and cryptocurrency charts are crucial tools for those interested in the price prediction of Kadena, offering insights into its potential price movements in 2023 and beyond. The adoption rate of Kadena, especially its integration and utilization in various sectors, plays a pivotal role in its valuation. As more entities embrace Kadena for its innovative blockchain solutions, its value is likely to experience an uptrend. However, potential investors should be wary of cryptocurrency risks, such as market volatility and security concerns, and consider employing robust cryptocurrency trading strategies and crypto portfolio management practices to mitigate risks associated with investing in Kadena. Balancing the insights from cryptocurrency analysis with the prevailing cryptocurrency regulation, market conditions, and individual investment goals can aid in making informed decisions on whether Kadena is a good investment for 2023.

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-5.74%-5.63%-8.31%+10.62%-1.99%+4.77%

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24h$0.5197$0.5552
7d$0.5162$0.5728
30d$0.4866$0.6239
90d$0.3692$0.7226
1y$0.3692$2.03
coin_market.all_time$0.1213(2021-01-11, coin_market.years_ago )$28.25(2021-11-11, coin_market.years_ago )

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$155,014,284.88
-5.74%
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$523,799,044.58
-5.74%
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$4,470,899.8
+8.38%
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+29.00%
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0.0288
coin_market.circula_supply
295,942,270 KDA
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1,000,000,000 KDA
1,000,000,000 KDA
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3.3
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10.72K(#377)
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544
+5%
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209(#152)
-2%
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0.02%
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7
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29%
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57%
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14%
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109
coin_price.reddit_ posts(24h)
51
+46%
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0
0%

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'We're still here, we're still building': Kadena chief business officer discusses revitalizing a once-hot blockchain
'We're still here, we're still building': Kadena chief business officer discusses revitalizing a once-hot blockchain

Kadena’s Annelise Osborne has been on a hiring spree as she seeks to build back momentum behind a once-hot project.The firm is doubling down on real-world assets and tokenization and plans to launch a suite blockchain tools.

The Block2024-10-10 21:24
Bitget Research: Fed Cuts Interest Rates by 50bps, Market Sentiment Improves as Altcoins Rally
Bitget Research: Fed Cuts Interest Rates by 50bps, Market Sentiment Improves as Altcoins Rally

In the past 24 hours, many new popular tokens and topics have emerged in the market, presenting potential wealth-creation opportunities.

Bitget Research2024-09-19 07:59

faq.name

What is Kadena use case?

Kadena is a blockchain platform that employs a Proof-of-Work (PoW) consensus mechanism along with directed acyclic graph (DAG) technology to enhance scalability. This unique approach allows Kadena to achieve higher throughput compared to traditional PoW blockchains like Bitcoin. Kadena supports smart contracts, offers energy efficiency, low transaction fees, and superior security and scalability. Its native digital asset, KDA, is used for mining, transaction validation, and payment of fees within the ecosystem. Kadena is known for merging the security of PoW blockchains with industrial scalability, making it suitable for real-world financial systems and applications. It supports various decentralized applications (dApps) in categories such as DeFi, gaming, NFTs, enterprise solutions, infrastructure, and custody. KDA is also a popularly traded digital asset on cryptocurrency exchanges, appealing to both retail and institutional investors. As with any crypto investment, it's essential to stay updated on Kadena's price, market cap, and relevant news.

Is Kadena a good investment?

Kadena stands out as a secure and scalable blockchain network employing the Proof-of-Work consensus, making it well-suited for commercial use and potentially contributing to its price growth. It also offers opportunities for passive income through holding and lending liquidity. Additionally, KDA can be mined to increase holdings, potentially becoming more profitable as adoption rises and the Kadena price appreciates.

How many Kadena (KDA) coins are in circulation?

Kadena has a maximum supply of 1 billion KDA coins, with 10 million KDA coins burned during the launch. In private token sales, 21.7 million KDA coins were sold to raise funds, and the current circulating supply is over 171 million KDA coins. Mining operations will produce approximately 700 million KDA coins over more than 100 years, while the platform itself will generate around 200 million KDA coins over nine years.

How can I mine Kadena?

To begin mining Kadena (KDA), start by researching the official website and acquiring a wallet that supports KDA coins. Invest in an ASIC miner, as other mining equipment won't work for KDA. Configure your mining equipment to connect to the f2pool server, allowing the Kadena network to monitor your mining activity. Start mining KDA and receive rewards by successfully submitting your hashrate to the f2pool server.

What makes Kadena unique?

Kadena is a layer-1 blockchain with a unique consensus mechanism called Pact, blending PoW and PoS features. It uses Turbine PoW for efficiency and PoSV for security, achieving up to 480,000 transactions per second. Kadena prioritizes security and hasn't been hacked. Founded by experienced individuals, its success depends on adoption and investor caution is advised.

Who founded Kadena?

Kadena, founded by Stuart Popejoy and Will Martino in 2016, boasts a distinguished team with a background in blockchain technology. Before launching Kadena, Martino worked as the Lead Engineer on JP Morgan's blockchain project and was involved with the US SEC's Cryptocurrency Steering Committee. Popejoy, also from JP Morgan, led the Emerging Blockchain group before co-founding Kadena. Additionally, Kadena's development benefited from the expertise of Dr. Stuart Haber, a co-inventor of blockchain technology and a prominent figure cited in the original Bitcoin whitepaper.

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BountyHunter-Q
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insight1273/1300
12712.40%
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price_sidebar.total_pnl $263,875.45
PHOENXCORP
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insight114/750
215.60%
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price_sidebar.total_pnl $938,815.34