Kadena, designed from the ground up to be secure, adaptable, scalable and interoperable, is a hybrid blockchain that’s geared for businesses. KDA is built on a modular architecture, making it simple to add new functionalities effortlessly.
Kadena was developed by experts who know how businesses work in order to create solutions that would help other organisations flourish in the near future.
Before getting into what makes Kadena and its projects so revolutionary, this article will clarify what it is. We'll go through some essential features, how the technology works under the hood, and several use cases where Kadena can be put to use.
Table of Contents
- What is Kadena?
- The Multi-Chain Architecture of Kadena
- KADDEX – Kadena’s DEX
- The Kadena Block Explorer
- Account, Keys and Predictions
- Chain Relay
- The Kadena Transfer Tool
- Chainweaver Testnet
- The Kadena DAO
- Pact – Kadena’s Smart Contrast Language
- Advantages of Kadena
- Kadena Use Cases
- What is Kadenamint ?
- Kadena Partners
What is Kadena?
Kadena is a novel technology to build scalable blockchain networks. This blockchain was developed with the intent of making it simple to create blockchain applications. It was built with the intention of reducing all technological hurdles and making it simple for developers to start building on top of Kadena.
Kadena has already achieved some remarkable scaling results, with transaction confirmation times as low as 10 seconds and throughput of 200+ transactions per second on a single system. This clarifies the project’s objectives and activities while also providing useful information on its efficacy.
Kadena was founded in 2016 by Stuart Popejoy, the leader of JP Morgan’s Emerging Blockchain group, and Will Martino, the Tech Lead of SEC’s Cryptocurrency Steering Committee. Both of them also made JP Morgan’s blockchain and JPM Coin. Stuart is currently the CEO of Kadena, and Will is the Head of Protocols.
Dr. Stuart Haber and Scott Stornetta, co-inventors of blockchain, serve as advisors to Kadena. Immutable Records (IR), a novel feature designed by the two co-inventors, will be incorporated in Kadena’s forthcoming NFT Marketplace.
IR will yield a number of benefits, including the ability to create tailored marketplaces and NFT creation on-chain.
What is KDA?
KDA is Kadena’s native cryptocurrency which is used to pay for computational power and for mining blocks on the network. It is also the transaction fee that users pay in order to have their transactions included in a block. It’s also the fee that users pay to have their transactions included in a block of transactions. Recently listed in Gate.io, KDA is also available on KuCoin and Bittrex.
Tokensoft Wrapped and Kadena teamed together in September to deliver wKDA, or wrapped bitcoin, on Kadena. With more protocols to come, Kadena is currently working on Wrapped KDA on Ethereum and Wrapped ETH on Kadena. This allows any Ethereum asset to be wrapped in Kadena, as well as KDA and other Kadena fungible tokens to be wrapped in Ethereum. Along with bridging to Ethereum, Kadena is also expanding to other layer-1 protocols such as Terra, Polkadot, Cosmos and Celo.
Kadena Token Allocations
Till now, only 16% of the total supply is currently in circulation. The current circulating supply is 157,398,544.39 KDA. Their total supply is fixed at 1 billion tokens to be mined over a period of 100 years.
According to the overall Kadena Token Allocation model, 70% is to be used for mining. 700M coins will be emitted through mining over 100+ years, as described in the above picture.
20%, which is 200M coins will be emitted as the platform share. On Jan 1 2021, 3.7M was already released which leads to the remaining 196.3M KDA.
9% will be used for investors, strategic shares, and contributors, which is 90M coins. 21.4M tokens is for the Series A and Series B Investor sales, 2.1M tokens for the 2019 Coinlist offering, 36.5M for strategic shares (for ecosystem initiatives and future sales) and finally 30M coins for contributor shares (for employees, consultants, advisers), from which 39% of these coins were already distributed with the remainder held in trust by Kadena.
10M tokens were burned at launch leading to 990M coins in economy, which represents the planned amount of 1B coins, minus the 10M burned at launch. There are also coins that will be coming out of lockup in the upcoming year at various times known as Locked Non-Platform Coins.
Kadena has two layers – Chainweb and Kuro, Chainweb being a public blockchain and the latter being a private blockchain. In public blockchains, anyone can make a contribution in the ledger. On the other hand, only permitted people can modify the permissioned ledger. As private blockchains don’t need to achieve consensus (only people invited by the administrators are contributors and they can all be trusted), they are much faster than public blockchains. As Kadena consists of both private and public blockchains, it is a hybrid blockchain. With the combination of both Layer 1 and Layer 2, Kadena can obtain a throughput of 480,000 tps, making it the ideal enterprise-standard solution.
Layer 1 – Chainweb
Chainweb is the permissionless Layer 1 blockchain of Kadena. On 20/08/2020 it upgraded from 10 chains to 20, dramatically increasing its scalability. It is highly scalable and also very secure.
Layer 2 – Kuro
Kuro is Kadena’s Layer 2 private blockchain with a throughput of 8000 tps across 500 nodes which can be tested on Azure and Amazon Web Services.
The Multi-Chain Architecture of Kadena
In order to enhance throughput and scalability, Kadena has not 1 but 20 chains, whereas blockchains such as Bitcoin have only one. Each block mined in traditional blockchains points to the previous block’s hash. With multiple chains, blocks that are mined have to point to the hash of the previous block of each chain. If it didn’t, a miner can perform a 2.55% attack, due to the number of chains. This reduces the security, as the miner can manipulate the network with only 2.55% of the hashing power, leading to chaos.
As each hash points to the hash of the previous block of each chain, this issue is addressed. However, this compromises in storage. As we need to point to an extra hash for each chain added, a supplementary 256 bits storage will need to be used. Kadena currently has 20 chains. And what if Kadena scales the number of chains to a 100? A lot of storage space will be used. To solve this problem, Kadena uses Graph theory.
If we want each chain connected to the 19 other chains, then that’s a lot of storage space gone. So, let’s try a different approach, decrease the number of chains each one is connected to. However, if we connect each chain to only one other, then what will happen if we want to transfer some coins from one chain to another, especially one that’s too far away? It will take a lot of hops to reach another chain. So this is another problem. What do we do?
Well, the solution to this is Graph Theory, and in specific, the degree diameter problem. The degree is the number of chains that one is connected to. For example, the degree, when each chain is connected to every other chain, is 19. The diameter is the minimum number of hops it will take to reach the farthest chain. For the twenty chains that Kadena has, they used a diameter of 3 and a degree of 3. This dramatically reduces the number of additional hashes it needs to point to, just three. And if we want to scale the number of chains even more, say to 600 chains, it will take us a degree of 3 and a diameter of 9.
KADDEX – Kadena’s DEX
DEX’s have had a somewhat limited range of skills up until now. The introduction of KADDEX aims to alter the trading experience on the DEX market. It integrates advanced security technologies like State Channels and Minimum Trade Size Splits to improve overall resilience, increase transaction volume per second, and reduce confirmation time. Aside from that, it acts as a marketplace for buyers and sellers, allowing them to transact with anybody in the globe immediately and securely.
Kaddex, built on the Kadena blockchain, offers zero-gas trading forever. As expanding the number of available blocks due to demand is possible on the Kadena blockchain, which scales horizontally, gas will always stay free on the Kadena blockchain. Additionally, network congestion will never be a problem due to Kadena’s TPS with transaction confirmation times as low as 10 seconds and throughput of 200+ transactions per second on a single system.
Also, if you stake KDX, the stakers will earn passive income while still participating in governance; 0.05% of all the swaps that occur on Kaddex.
In KADDEX, we have several options, such as swap, pool, stake and build. The last two are coming soon, but the first two are available for usage. Let’s have a brief look at these features –
Swap – Swapping allows you to exchange one crypto asset for another.
Pool – Through pools, we can provide liquidity. To do this, we need to supply an equally valued number of each coin in the pool. For example, if we are providing liquidity for a KDA-USDC pool with all our balance, say $100, then we should provide 2.14 KDA and 50 USDC. After we do this, people can buy KDA with USDC through our pool, and we can earn a small liquidity fee. Also, we earn LP tokens after providing liquidity, which we can use to farm, staking crypto to receive returns.
Stake – Staking locks our assets on the blockchain for a specified time period, and when we unlock that crypto after the time period is over, we earn a reward. This option is yet to come on Kadena.
Build – Build, which will come soon, allows us to utilise new DeFi features such as farming, etc.
The Kadena Block Explorer
The Kadena Block Explorer enables you to view transaction details, similar to Ethereum’s Etherscan. At the top, we can view the Hash Rate, the mining difficulty and the recent transactions. The hash rate is the number of hashes per second. Hash Rates are elements of Proof-of-Work blockchains. To mine, a miner needs to make millions of guesses and unhash the message. The current network hash rate is 50 PH/s, that is 50,000,000,000,000,000 (50 quadrillion) hashes per second. The mining difficulty is 1.7 EH, i.e., 1,700,000,000,000,000,000 (1.7 quintillion) guesses must be made on average to successfully mine the block.
The hash rate of a crypto ultimately determines its security. A crypto asset is vulnerable to 51% attacks, an organisation/individual taking control of over 50% of the hashing power. When they do this, they can manipulate the transactions and revert their transactions, leading to double spends. So, when the hash rate is higher, taking control of over 50% of the hashing power becomes more difficult.
Along with the hash rates, we can also see the number of transactions and the circulating supply, the number of coins currently at hand. We can also see other transaction info and the height of each block (the number of blocks preceding that one).
Account, Keys and Predicates
Generally, in blockchains, account names and public keys mean the same thing. Your account name is your public key. However, in Kadena, they’re two different things. The account name, in accordance with Kadena, is the distinct name of our account, whereas the keys are the pair that authorize our account.
Some types of accounts can be created with Kadena are Unnamed accounts, Named accounts and Multi-Signature accounts. An unnamed account doesn’t have a distinct name; its name is its public key. A named key has a unique name, such as Alice, Bob, etc. A Multi-Signature account is a group of public keys that have the same account name. Predicates allow us to figure out how many signatures we need to sign in order to make transactions. This feature becomes useful in Multi-Signature accounts.
The three predicate options are ‘keys-all’, ‘keys-any’ and ‘keys-2’. These options allow us to determine how many signatures we need to sign in order for a transaction to successfully execute. The ‘keys-all’ option requires each account holder to sign for the transaction to take place. The ‘keys-any’ needs any one signature to make the transaction. Finally, ‘keys-two’ demands a minimum of two keys to sign the transaction.
On March 25, Kadena deployed the beta smart contract of the Kadena Chain Relay into testnet which launched on Mainnet on July 2. Bonding provides security for Kadena’s Ethereum, Celo, and Terra decentralised bridges via KDA. To become a bonder, candidates need to lock up 50,000 KDA for 30 days. After they do this, they can endorse headers proposed from other blockchains. With their endorsements, the block becomes valid, and if the block contains false information, then the candidates will be deprived of half of their bond. So, the bonders will only try to endorse accurate block headers, and the blocks will get validated. This heightens the safety of the bridge. Also, the bonders earn rewards, through an APY risk fee and an activity fee. The risk fee is 2.46% per bond period, i.e. 30 days. The activity fee will be received after the endorsement of headers.
If the participant endorses at least 10 headers per day, then they will receive a reward of 5 KDA. After the bonding period of the participant finishes, they can either renew the bond within 20 days, or withdraw the bond amount and the fees. If the bond is renewed, then they can further participate in the relay. The chain relay is an incredible feature, enabling a seamless experience with their bridge. Now, let us take a look at Kadena’s other services.
The Kadena Transfer Tool
To generate a public and private key pair, you can either use a wallet, or use Kadena’s. To make a key pair with Kadena, you should head over to transfer.chainweb.com and click on generate key pair. You should enable downloading multiple files, as kadena saves two key pairs to your files. On your downloads folder, you will see two .kda files. You can open them with a text editor. The first file (starting with private) is more important, as it consists of both the private key and the public key. The other file only has the public key. Now, you can add this public key to your chainweaver account.
Also, in the Kadena Transfer Tool, you can transfer coins, finish a cross chain transfer with the request key, and check account balance. If you switch to code viewer, you can enter your node server, chain id and module name to get your source code.
Chainweaver is the wallet of Kadena that allows you to create accounts, keys and even deploy smart contracts. Let’s take a look at it.
First, to create an account, you should agree to the Terms of Service. Then, you can restore your existing account by entering the recovery phrase and setting a new password, or you can click on create a new wallet and set a password. After setting the password, you will receive a recovery phrase that you must store (not recommended to store digitally) somewhere safe, preferably on a notebook. After noting down your 12 words, which you can see by hovering on the text area, you would be prompted to verify your account by re-entering the recovery phrase.
When you have created your wallet, you can see your account. At the top left, you can toggle between testnet and mainnet. In testnet, you can play with sample coins (which you cannot redeem into actual money), and in mainnet, you can add your money, and make transactions. You can refresh the data by clicking on the Refresh button. You can also check the transaction status by entering the Request Key, which you will receive after submitting a transaction. To add an account to this view, you will need to click on Add Account and then enter the account name. You can add accounts that you don’t own as well. You can click on details on an account to remove an account. This does not delete it, it only removes it from your view.
To transfer coins, you need to click on the transfer coin button, enter the account name you want to send from, the receiver’s account name, and the amount. You can also optionally enter the public keys of the recipient (if the public key you enter is not the given account name’s public key, the transaction won’t take place). Below that, you can set the predicate, how many signatures you need in order to successfully send the coins.
Another way of transferring coins is to click on the receive button after expanding the account and selecting the chain you want to receive the coins in, and then copying the tx builder. We can then paste this in the address and set the sending account, chain and amount (If the receiving chain already has funds, we can rather click on the copy to clipboard icon next to the receive button). Also, we can send this tx builder to someone in order to receive coins. To clear all the tx info, we can click on the Clear button.
After you’ve done this, you can make your transaction by clicking on safe transfer or sign & transfer. The difference between the two is that safe transfer requires a predicate of ‘keys-all’. That is, both private keys have to be entered when making the transaction. This is because a safe transaction actually sends the coins, plus an extra amount to the recipient, and then sends the extra amount back, to avoid users losing their coins by entering the wrong public key. So, safe transfer requires both accounts to pay gas. If safe transfer is greyed out, that means that there isn’t enough funds to pay gas in the given chain in any one the accounts, or both. Safe transfer won’t work with the max checkbox turned on, as it will not leave any funds left to pay gas. Also, we shouldn’t change the predicate under owner keysets from ‘keys-all’, as safe transfer requires both signatures.
After clicking on either safe transfer or sign & transfer, we can modify the gas paying account, the transaction speed (greater the speed, greater the fees), gas price, and gas units. We can also set when the transaction should expire, i.e. if it doesn’t take place before a predetermined period of time, it will cancel by itself, and change the creation time. After that, we will need to enter the signature, your private key, and click on preview. You can copy the request key before previewing and check the status.
In the keys section, you can generate a key. You can also click on details and sign some data.
Finally, you can use Chainweaver to write and deploy smart contracts. You can write Pact code or open a file. In the Env section, you can create a new keyset. REPL enables you to interact with the code. If you click on Load to REPL, you can interact with the current code. In the module explorer, you can use built-in code samples and view deployed contracts. To deploy your own contract, click on deploy, and adjust the configuration to your wishes. Then, you can change the gas paying account, and add more properties. You can also select the unrestricted signing key. Finally, you can preview and submit it.
If you go to settings, you can edit the networks and change the password. To edit the network, click on network and then expand the drop down arrow. Here, you can change/add nodes or delete the network. You can create a new network by entering the server address and clicking on create.
To play around with Chainweaver you can use testnet. Then you can go to the Kadena Testnet Faucet, then click on Create and fund new account. If you already have an account in the faucet, click on add funds to existing account, enter the account name and click on “Fund account 20 coins”. If you don’t already have an account, click on create and fund new account, enter your public key, and then reenter your public key in the account name space (you can make the account name anything you want, but it’s recommended for it to be the same as the account name). Now you will receive your request key, and you can check the request status. You can only fund coins every 30 minutes.
After completing the previous step, you can switch to tesnet on Chainweaver, go to accounts, and add your account name. Now you can use Chainweaver with this account and enter the signature for transactions and contract deployment.
You can also go to testnet.chainweb.com (http not https) for downloading the Wallet for Mac, accessing the faucet and playing games to see what Kadena is capable of.
The Kadena DAO
A DAO, or Decentralized Autonomous Organization, is an organization with members that are elected, who can perform actions without a third-party.
The Kadena made their DAO, called dao.init on Chainweb, their public blockchain. Kadena’s DAO consists of two groups – namely Guardians and Ambassadors. Guardians make proposals to optimise the DAO and to become a Guardian, we need to stake at least 500,000 KDA, approximately $12M! In the DAO’s forum, dao.forum, Guardians are moderators and Ambassadors are regular members. A Guardian must also enroll someone as an Ambassador in the DAO before they become an Ambassador.
An Ambassador can vote to freeze or not freeze the DAO after a proposal has been submitted, depending on whether the proposal affects them in a good way or not.
Pact – Kadena’s Smart Contract Language
Pact is a low-level contract-oriented language for creating more secure smart contracts, developed by the Kadena team. Pact offers built-in smart contract attribute verification, which can be used to test invariants on the blockchain during normal execution or runtime. “Whether you’re creating your first contract or releasing your fiftieth dApp,” Kadena says, “Pact makes developing safer smart contracts straightforward.”
The Kadena team wanted to make smart contract development more convenient than ever while also allowing machines to handle them efficiently. It was designed specifically for building enterprise-grade, decentralized apps and is the first of its kind. Its simplicity allows non-programmers to develop scalable solutions with ease, without compromising on functionality and effectiveness. An implementation of Pact was built on Tendermint, a software to launch blockchains, called Kadenamint (which we look into in detail after the advantages of Kadena).
Advantages of Kadena
As a new gen blockchain, advanced and far more developed, Kadena has lots of benefits to offer, such as;
- Eliminated transaction fees
- Safe and effortless Smart Contract development
- Solving security
- Industrial security
- Ease of use
- Hybrid Blockchain platform
Kadena Use Cases
Kadena has overcome the scalability and security issues that have plagued blockchains in the past, allowing it to provide a wide range of intriguing prospective applications. As Kadena works with various clients in multiple industries to help them with industrial problems using the blockchain technology, it has plenty of use cases;
In terms of healthcare, Rymedi’s healthcare platform has been integrated to Kadena’s hybrid blockchain technology, allowing for the monitoring of controlled substance provenance.
As part of the Kadena/Rymedi strategy, publicly available identifiers may be imprinted on medications and other controlled drugs like CBD, and then linked to a data collection stored in a secure vault. These recordings can subsequently be analysed for internal and external verification or sold on a data exchange.
Kadena has also lately changed its priority to assisting in the resolution of the COVID-19 situation. Therefore, Kadena has launched an open sourced application to verify Covid-19 tests which would provide a secure way for medical professionals and patients to communicate and store test results.
So, Kadena has released an open-source application to authenticate Covid-19 testing, allowing medicals to securely communicate and record test results. To confirm the validity of coronavirus testing, the app will incorporate QR codes. “The provider then goes and registers those keys so that no one can just submit a random one,” Kadena founder and CEO Will Martino said.
In May 2019, USCF (United States Commodities Fund, an early pioneer of ETPs, Electronically Traded Products) collaborated with Kadena for the use of blockchain in this new space. Kadena’s technology is now being used by USCF to improve their fund management operations. The use of Proof of Work consensus on Kadena’s public blockchain meets USCF’s regulatory standards while also providing a trail to worldwide interoperability.
“We see the potential to leverage blockchain in the investment space and identify new opportunities for innovation in asset management,” said John Love, President and CEO of USCF. “Kadena has solved scalability and security constraints previously associated with blockchains to offer exciting potential applications.”
“At Kadena, we build our partnerships with a focus on production-ready solutions to real problems in the financial markets,” said Will Martino, Founder & CEO of Kadena, who also has regulatory experience as the former Tech Lead for the U.S. Securities & Exchange Commission’s Cryptocurrency Steering Committee. “We are proud to collaborate with USCF in the investment space. USCF has a history of diligent, creative leadership and I see them as financial services market leaders who share our vision of delivering everyday uses of blockchain.”
Kadena had received a grant from the Interchain Foundation for the implementation of Kadena’s smart contract language on the Cosmos network known as Kadenamint. Kadenamint provides a user-friendly smart contract language for blockchain developers, solidifying Pact as the industry standard.
What is Kadenamint?
On Tendermint, Kadenamint (named after Kadena and Tendermint) is the implementation of Pact, their smart contract language. Cosmos and Tendermint are Proof of Stake industry leaders, and Kadena is now introducing Pact to their community of developers. This integration will provide Pact authors with billions of dollars in assets throughout the Cosmos ecosystem. Binance, Cosmos, Terra, Oasis Labs, and IRISnet are among the firms that use this protocol. Kadenamint provides a user-friendly smart contract language for blockchain developers, solidifying Pact as the industry standard.
Kadenamint adds features to Tendermint that are consistent with Cosmos’ developer-first design principles, such as user-code Formal Verification, proper multi-signature functionality and complete capabilities.
“Kadena & Cosmos share the goal of creating a truly interoperable blockchain ecosystem,” said Kadena Founder & CEO Will Martino. “Cosmos and Tendermint are industry leaders in Proof of Stake and we are proud to bring Pact to their developer community.”
This blockchain has a huge ecosystem with amazing projects backing them. Kadena works with these platforms to give you whatever your project needs; interoperability, third-party integrations infrastructure etc. Let’s have a look at a few of their partners ecosystem products;
Kadena has partnered with Celo; a mobile-first platform for financial dApps and crypto payments. Through a trustless bridge relay, Celo’s cUSD stablecoin and Kadena’s KDA token will be able to communicate across both networks as the result of the DeFi bridge.
This project is the next generation of decentralised cloud architecture that is scalable. Flux is developing a decentralised Web 3.0, which is rapidly expanding at an amazing rate. “After a successful launch of the node incentivization program with our partners Zelcore/Flux that saw over 900 Kadena chainweb-nodes, Kadena continued to further the partnership by launching phase two of the program.” said Kadena
Ledger is a hardware wallet company founded in 2014. A hardware wallet is a special type of wallet that stores the user’s private keys in a secure hardware device. It is one of the most important components in keeping your cryptocurrency secure. It has released 2 hardware wallets – Ledger Nano S and Ledger Nano X released in 2016 and 2019 respectively.
Polkadot is considered to be the next generation blockchain protocol that aims to join different specialized blockchains into a single coalesce network. It works by only allowing four main blockchain networks; Relay Chain, Bridges, Parachains and Parathread. Polkadot focuses on the concept of interoperability between blockchains. Some people may relate Polkadot to Cosmos as they both empower developers to build on top of their platforms, but the greater goal of both is to introduce a new degree of interoperability to the blockchain ecosystem. To learn about Polkadot and Cosmos’s differences, click here.
Cosmos is a decentralised network of blockchains that is described by the team as the “Internet of things” that solves the problem of both scalability and interoperability issues. The Cosmos network is built on three main key features that are ABCI, Cosmos SDK and Tendermint core. Cosmos’ network consists of three layers; Application, Networking and Consensus
Terra, a prominent cross-chain protocol, is a next-generation blockchain payment network developed by South Korea-based Terraform Labs, which in turn was founded by Do Kwon and Daniel Shin in 2018. It will be able to implement wrapped Luna transactions on Kadena’s DEX and then bridge to Ethereum as a result of this partnership.
The addition of Terra’s Luna stablecoin to Kadenaswap facilitates cross-platform payments and perpetuates Terra-based payments. “Terra believes that decentralized bridges are pivotal to growing DeFi, which is why we’re excited about working with Kadena.” said Do Kwon, Co-founder and CEO of Terra. “While various projects are developing decentralized exchanges, we believe that Kadenaswap’s support of multiple protocols will deliver unique advantages given the background and track record of their team.”
Chainlink, launched in 2017, is a decentralised system of oracles (created by Steve Ellis and Sergey Nazarov) that allows smart contracts to communicate with real-world information and services even when they are not connected to a blockchain network. The Chainlink network is powered by three types of smart contracts: Order-Matching Contracts, Aggregating Contracts, and Reputation Contracts.
Wrapped, by Tokensoft, and Kadena have partnered in March in order to bring Wrapped tokens for BTC and ETH to Kadena’s DEX Kaddex. Wrapped.com links assets to defi and serves as a wrapping and unwrapping tool by providing a bridge. Users would be able to put their layer-1 assets like Bitcoin to work in DeFi apps like Uniswap by “wrapping” them in an Ethereum smart contract.
MakerDAO is the governance token of the MakerDAO and Maker Protocol, which issues the Dai stablecoin and permits collateral-backed loans without the use of an intermediary. It was founded in 2015 by Rune Christensen. As of November 2021, DAI is one of the most popular stablecoins with a ranking of #31 and a Market Cap of $6,500,000,000 ($6 Billion).
Kadena had partnered with Etherum for it’s bridge relay program. Ethereum is a decentralized open-source blockchain system with its native crypto called Ether. Ethereum 2.0, also called Eth2 is the next upgrade on the Ethereum blockchain. The Beacon Chain is already live with the Shard chains and the docking planned for 2022. So by the end of all the upgrades, the Beacon chain will include Shard 1, Shard 2, Shard … and the Mainnet.
As a result of the partnership between Kadena and Zelcore, Zelcore is now the Kadena user’s wallet. They worked together to create a signature API that connects ZelCore’s wallet to dapps, making it easy to use any dapp on the Kadena network.
CoinMetro is a crypto exchange where you can buy, sell and invest in crypto and track market prices. With margin trading and copy trading, CoinMetro moves crypto forward. In order to join the Ethereum network, Kadena has established a partnership with Coinmetro. The endeavour will support wKDA (Wrapped Kadena), which Kadena will back 1:1. On Coinmetro, users who own KDA may automatically stake their tokens for a percentage of XCM.
For designing trustless apps that communicate with Web APIs, Kadena has collaborated with and integrated with API3, the Web3 API economy. Kadena makes API3’s data accessible to clients that use their technology, and API3 will help them source data whenever necessary.
Vite Labs and Kadena announced a partnership to deliver cross-chain solutions for seamless asset movement between blockchains. Kadena’s KDA token will be exchanged on ViteX, while Vite’s token will be traded on Kadena’s DEX as a result of the agreement.
TORUS is a cryptocurrency wallet that allows users to log into Web 3.0 apps such as DEX’s and NFT platforms like Opensea with a single click. Users only need a Gmail account to get started. As a result of the collaboration, users will be able to access their Kadena wallets directly from social media accounts such as Twitter, Google, and Facebook.
Kadena is a blockchain enterprise solution that offers lightning-fast transactions. They’re launching a slew of powerful features that have the potential to revolutionize the way we conceive blockchain. It’s an incredible project that everyone should be aware of.
Disclaimer: Digital Wallets News does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.