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 Oct 31th 2022, the total and maximum token supply of KDA is 1,000,000,000. The current circulating supply is 198,047,245  (~19.8% of the total token supply).

KDA token allocation

Appendix

If you would like Goldshell Research to consider your project, please send a summary of your project along with a pitch deck and/or whitepaper to [email protected]