Kadena (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.