Kadena
KDA/VND
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Information about Kadena (KDA)
Kadena is a scalable layer one blockchain protocol based on the Proof-of-work (POW) model. Kadena improves throughput and scalability while retaining Bitcoin’s security and integrity. According to project data, Kadena can handle up to 480,000 transactions per second, which is quite an impressive performance.
Kadena’s ecosystem helps businesses and entrepreneurs by providing Bitcoin security, virtually no gas fees, and a secure smart contract language with built-in error detection.
KDA is a live token on the Kadena platform that is used for the following purposes:
- Payment of gas costs when executing smart contracts.
- Used to create new smart contracts.
- Transfer of value between users.
News
Kadena integration improves user experience: The integration with Kadena allows Magic Labs to broaden its service capabilities. This strategic initiative facilitates improved functionality and interoperability, ensuring a better experience for users engaging within the blockchain ecosystem.
Expanding capabilities in blockchain: By collaborating with Kadena, Magic Labs focuses on enhancing its ecosystem’s blockchain capabilities. This partnership signals a commitment to adapt and evolve offerings to meet growing market demands, thus positioning itself competitively.
KDA coin’s role in the ecosystem: KDA coin plays a crucial role in supporting transactions and developing smart contracts on Kadena. With the Chainweb network, Kadena allows up to 480,000 transactions per second.
Value growth: Currently, KDA coin is valued at 0.71 USD and has a market cap of about 211 million USD. An increase of 8.73% in the last 24 hours shows strong interest from the investment community.
Secure mining mechanism: Kadena employs the Blake (2s-Kadena) algorithm to ensure security and optimize transaction performance. The distribution model with a total supply of 1 billion tokens helps maintain long-term stability.
In an official Binance announcement dated September 18, the CEX revealed that it is listing the KDAUSDT USD-Margined perpetual contract.
At press time, KDA price noted gains worth 23.76% in the past 24 hours and is currently trading at $0.6566.
Kadena launches $100 million grant program for Web3 builders
Kadena, the only Layer 1 Proof-of-Work protocol to solve the blockchain trilemma of scalability, security, and decentralization, today formally unveils a $100 million grant program to bolster the growth and adoption of world-changing blockchain technology.
The grant program is part of Kadena Eco, a strategic initiative that brings together top industry thinkers, tech talent and funding to fuel Kadena’s ecosystem growth through the development and expansion of gaming, metaverse, NFT, Web3, DeFi and DAO projects.
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