Kadena (KDA) Price

The Kadena (KDA) token is a public blockchain that gives solutions for entrepreneurs and enterprises in the Blockchain industry, virtually free gas fees, high throughput, and providing the security of Bitcoin. 

Additionally, the token makes use of PACT which is a smart contract language that should be more accessible to the layman than other forms of coding language. As the crypto industry continues to move to Proof-Of-Stake in the transactions process on their blockchain, KDA is moving back to Proof-Of-Work, which is seen as the best way to protect their blockchain. 

However, this safe method has scalability issues as witnessed by Ethereum (ETH) and Bitcoin (BTC) because they both have massive transaction fees and are slow in processing when compared to recent blockchains. To settle this issue, KDA employed the use of a “chainweb” which shards blockchain transactions. 

Sharding is the process whereby transactions are reduced to smaller blocks, to make them proceed faster and cheaper. The Ethereum Blockchain network is also working to start sharding its transactions with the Ethereum 2.0 upgrade. The use of chainweb by KDA allows its Proof-Of-Work technique to stay energy efficient during scaling, which Bitcoin and Ethereum can’t do. This also allows it to be adopted with less resistance.

Kadena Features and Updates

The Kadena network offers a public Proof-Of-Work blockchain technique that has unequal results by merging two different mechanisms called DAG and proof-of-work. The token current supply is  1,000,000,000 KDA with 153,340,273.97518 KDA in circulation. 

Kadena (KDA) Team 

Even though the crypto industry has a lot of brilliant minds, the Kadena network has combined a team of experts who are doing exploits in the industry. The KDA project was created by Will Martino and Stuart Popejoy, who was heading the SEC’s Cryptocurrency Steering Committee respectively and JPMorgan’s Blockchain group respectively. 

Stuart Popejoy and Will Martino were also the brains behind the building of JPMorgan’s first blockchain, now referred to as JPM Coin before they decided to start Kadena (KDA) network.  

The KDA project also has team members who have worked with Google, Microsoft, and Disney. One of the most notable members of the team is  Dr. Stuart Haber, the co-inventor of blockchain, whose studies were mentioned many times in the Bitcoin White Paper.