Kadena is a blockchain platform that aims to revolutionize how the world interacts and transacts. The platform was founded by Stuart Popejoy, former leader of JPMorgan’s Emerging Blockchain group, and Will Martino, former Tech Lead for the SEC’s Cryptocurrency Steering Committee. The two had previously built JPMorgan’s first blockchain, now known as JPM Coin.
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Kadena is the first and only Layer-1 blockchain that addresses scalability while preserving the power of Proof-of-Work (PoW) security and decentralization. The platform uses a proprietary chain architecture and offers a complete decentralized infrastructure for builders. It is designed to power global financial systems and continually scales to higher Transactions Per Second (TPS) as more chains are added to the network.
Kadena's public blockchain, known as Chainweb, is a braided, parallelized proof-of-work consensus mechanism that improves throughput and scalability while maintaining the security and integrity found in Bitcoin. In 2020, Kadena's public blockchain performed a live network expansion from 10 chains to 20 chains, doubling throughput and proving the network's ability to scale in production to meet ever-higher demand.
Pact Smart Contract Language
Pact is Kadena’s human-readable smart contract language. It is Turing Incomplete and purpose-built for blockchains with powerful security features including full Formal Verification of user code, error messages, contract upgradability, support for interoperability, and strong permission and access control.
$KDA is a digital currency used to pay for compute on the Kadena public chain. Similar to $ETH on Ethereum, $KDA on Kadena is the manner by which miners are compensated for mining blocks on the network and is the transaction fee that users pay in order to have their transactions included in a block. The total supply is fixed at 1 billion tokens to be mined over 120 years.
Kadena provides a Developer Quickstart guide designed to remove the friction from onboarding so that developers can understand how to build with Kadena quickly and easily. The platform also offers Pact Developer Tutorials that teach skills from beginner to advanced, designed to help developers create blockchain applications with Pact.