Read Our New Project Report About Bitcoin (BTC) - The World's Largest Cryptocurrency

logoKadena (KDA)

A Proof-of-Work (PoW) Blockchain that Offers Fast and Cheap Transactions.
  • Kadena is a Proof-of-Work (PoW) blockchain. Kadena utilizes a smart contract language called “Pact”, a secure smart contract language with built-in automated auditing.
  • One of the main selling points for Kadena is its ability to offer low-cost transactions with security powered by POW consensus while still offering fast processing times.
  • KDA is the native token of the project. The current use cases for KDA include:
    • Mining Rewards: Miners are compensated for mining blocks on the network.
    • Native Payment Currency: KDA is required to pay for transaction fees on the Kadena public chain.
  • The project consists of the following major components working in conjunction:
    • Chainweb: A braided, parallelized proof-of-work consensus mechanism that improves throughput and scalability while maintaining the security and integrity found in Bitcoin.
    • Pact: Kadena's smart contract language with features such as formal verification of user code, contract upgradability, support for interoperability and access control.
    • Chainweaver: Official wallet to interact with dapps on Kadena.
  • As at March 11th 2022, the total and maximum token supply of KDA is 1,000,000,000. The current circulating supply is 171,287,601 (~17% of the total token supply).
  • Learn more about the token distribution of KDA here.