Kadena is one of the few proof-of-work blockchains which can scale to handle global transaction volumes. Scalable is an important attribute for any online business, especially one that focuses on the customer experience. This form the building blocks of Kadena’s ecosystem, verifying transactions in a more resilient manner that gives developers room to flex up capacity when their projects take off.
The Kadena ecosystem includes a gas station, NFTs, DEXs, Wallets, and other Dapps. KDA is Kadena’s native coin for incentivizing miners and paying transaction costs. The Kadena team claims that Kadena can handle up to 480,000 transactions per second across 20 chains, and it can upgraded to 50 chains working in parallel, they expect it to exceed 1million transactions per second.
Similar to Bitcoin’s design, Kadena is one of the few best mining rig of its kind, Kadena has 20 chains, as opposed to Bitcoin’s one chain and it can add more chains according to demand. Bitcoin was not created to scale the capacity of Kadena’s chains and therefore is not able to scale to the capacity of the chains. Kadena provides the world’s fastest hybrid blockchain platform and the only sharded and scalable layer-1 PoW public network.
There are two main reasons why developers should build on proof of work:
Decentralisation
The payment process is decentralized. There is no one company or authority that controls the processing or cancellation of your transaction. Proof-of-work makes it much harder for hackers to take over your network. It also makes it harder to censor your network by replacing your nodes. When you create a project using this structure, it will be less likely to have issues with validators who might have self-interest that might conflict with yours. Proof of work is also more battle-tested than Proof of Stake. Bitcoin has weathered technological attacks, regulatory risks and market volatility since 2009 and hasn’t suffered a catastrophic shutdown.
Less risk of having to comply with regulatory regime
Ethereum’s transition from a proof-of-work to a proof-of-stake model has also led to the consideration of a number of issues related to securities laws. Cryptocurrency and cryptocurrency brokers that allow investors to stake their coins could lead courts to consider these assets as securities. The intermediaries that offer ‘staking’ services are similar to lenders. In short, Kadena’s network can increase its capacity to handle high volume throughput as needed by combining multiple parallel blockchains to achieve a Proof-of-Work consensus. The result enables developers to build on and reap all the benefits of a Proof-of-Work blockchain, as Kadena has effectively solved the Blockchain Trilemma of decentralization, security, and scalability.
About Kadena
Kadena is one of the industry’s layer-1 Proof of Work (PoW) blockchain and the main feature is scalability, which enables Kadena to deliver infrastructure-grade performance for any blockchain project. Along with our own smart contract language Pact, Kadena’s platform provides the world the tools and environment to turn ideas and ambitions into reality. Founded by Stuart Popejoy and William Martino who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee, Kadena aims to allow for true blockchain mass adoption.
