Community Forex Questions
What is Kadena (KDA)?
Kadena (KDA) is a blockchain platform designed for high-performance smart contract execution. It was founded in 2016 by a team of experts from JPMorgan and the US Air Force, with the aim of creating a blockchain platform that could handle complex business logic and provide high throughput for enterprise applications.
Kadena uses a unique hybrid consensus mechanism called Chainweb, which combines Proof-of-Work (PoW) with a Byzantine Fault Tolerant (BFT) consensus algorithm to achieve both security and scalability. This allows Kadena to support thousands of transactions per second, making it one of the fastest blockchain platforms available.
Kadena also offers a suite of development tools and a smart contract language called Pact, which is designed to make it easy for developers to build and deploy secure smart contracts. KDA is the native cryptocurrency of the Kadena blockchain, and it is used for transaction fees and as a means of exchange on the platform.
Kadena uses a unique hybrid consensus mechanism called Chainweb, which combines Proof-of-Work (PoW) with a Byzantine Fault Tolerant (BFT) consensus algorithm to achieve both security and scalability. This allows Kadena to support thousands of transactions per second, making it one of the fastest blockchain platforms available.
Kadena also offers a suite of development tools and a smart contract language called Pact, which is designed to make it easy for developers to build and deploy secure smart contracts. KDA is the native cryptocurrency of the Kadena blockchain, and it is used for transaction fees and as a means of exchange on the platform.
Apr 05, 2023 11:54