Kadena (KDA) is a blockchain platform designed for scalable and secure smart contract development.
Kadena (KDA) aims to combine the benefits of both public and private blockchains to provide a flexible and efficient blockchain solution. It utilizes a unique consensus mechanism known as the Chainweb protocol, which combines multiple blockchain chains to work together in parallel. This design aims to increase transaction processing speed and capacity, making it suitable for a wide range of applications.
Hybrid Blockchain
Kadena offers both public and private blockchain options. The public blockchain, known as the Kadena Public Blockchain, allows for transparent and decentralized transactions and smart contracts. On the other hand, the Kadena Private Blockchain offers privacy and control for businesses and organizations that require it.
Smart Contracts
Developers can create and deploy smart contracts on the Kadena platform. These smart contracts are written in the Pact programming language, which is designed to be user-friendly and secure. Pact is known for its formal verification capabilities, helping ensure the correctness and reliability of smart contracts.
Token (KDA)
KDA is the native utility token of the Kadena ecosystem. The token holders can participate in staking to secure the network and validate transactions. Stakers may earn rewards for their contributions.
KDA tokens are also used to pay for transaction fees on the Kadena blockchain.
