Authored by: @hetty-rowan

The world is changing at a rapid pace

Now that the world seems to be getting crazier, many people are looking for new ways to build a future financially as well. More and more people see that the 'old system' threatens to collapse on many points, many people have been hit very hard in their finances for 2 years now and because of all the craziness there seems to be no end to it for the time being. This brings many people to the point where they start looking for other options. And that makes people think more and more about cryptocurrency. Explore the possibilities.

In addition, many investors are always looking for new coins that will achieve a lot in the future. Now, of course, we don't have a crystal ball in which we can see the future, but there are indeed indicators that can sometimes help. One such indicator is, for example, an experienced team with a clear plan. In addition, of course, technological development is also required that is innovative and improving.

One of these projects, which has innovative plans, is Kadena. This company may not be called new anymore, it was founded in 2016 by very experienced and skilled developers, who were already involved in blockchain technology at an early stage. They even improved the technology with Kadena! But even though it's been around since 2016, it's still a project for me that I'd never heard of. I'm curious who of you already knew this?

Many Kadena team members have a history with the bank J.P. Morgan. Kadena's greatest asset is perhaps that one of Kadena's team members is mentioned several times by none other than SATOSHI NAKAMOTO in the Bitcoin Whitpaper. This alone makes Kadena a very interesting project. So let's see, WHAT is Kadena, and WHO are on the team.

What is Kadena (KDA)?

The company Kadena was founded with the idea of ​​revolutionizing blockchain technology. The team sees blockchain technology as a development that will revolutionize communication and transactions worldwide. However, the existing techniques must be reconsidered in order to be able to renew the technology.

That is why Kadena has developed its own chain, which has enormous advantages over other blockchains. The chain is very fast, scalable and relatively efficient in terms of energy consumption.

Kadena combines the security of Bitcoin (BTC) with the transaction costs of platforms such as Fantom(FTM) and Solana(SOL) and has a huge processing capacity. Kadena aims to operate in a decentralized manner, so that users of the ecosystem can utilize the full possibilities of the blockchain. This makes creating dApps a matter of days instead of months.

Chainweb

Kadena's blockchain is called the Chainweb. This chain is the only scalable layer 1 network that uses the Proof of Work (PoW). Bitcoin and Ethereum also use the PoW, but their traditional way of PoW is not scalable.

This is where Kadena distinguishes itself from the two superpowers in the crypto market. In addition, the web of linked blocks is very secure, because the blocks are validated more than once. A block is created every 1.5 seconds. That is even 2x faster than Hive!

In addition to the layer 1 technology, Kadena also has a layer 2 network called Kuro for the speed of the network. Through this network, the project can process nearly half a million transactions per second. An unprecedented amount!

Kadena's Token: KDA

As a token of Kadena, KDA is a digital payment method for the Kadena ecosystem. The miners are rewarded with this token for mining blocks on the network. The transaction fee that users of the network pay for transactions goes to the miners.

In addition to mining KDA and using Kadena's platform, the coin is also a speculative resource. If you are confident in the project, you can buy the token as an investment. This is also the method that costs the least time and energy. Besides buy & HODL, you can also stake KDA on some trading platforms.

Tokenomics

In the token distribution of KDA, 70% is reserved for mining the token. All tokens are mined in 120 years, so it will take some time for this stock to run out. To avoid huge price movements, Kadena decided that the remaining 30% would gradually be spent on investors and other contributors.

Kadena's ICO, held in November 2019, raised nearly $15 million. This amount was the financial goal of the token launch, but was not met except for $70,000.

Characteristics

• Token ticker: KDA
• Total number of tokens: 1,000,000,000 KDA
• Price during ICO: $1.00
• Token type: ERC-20
• Funds raised during ICO: $14,930,000

Suitable wallet for the token

KDA kan you can also put on different wallets in addition to the exchange. For example, the software wallets from Zelcore and Chainweaver are suitable for KDA. These wallets can be used on your smartphone as well as on your computer. In addition, you can also store KDA on a hardware wallet.

Where can you buy KDA?

The Kadena coin is offered on various platforms. Since KDA is a relatively new coin on the market, there are relatively few providers. KDA can be traded on KuCoin, Bittrex and CoinMetro, among others. In addition, it is expected that Crypto.com will soon also include the coin in its range.

The Kadena team

Kadena's team currently consists of 20 members, most of whom are active in the development of the project. The team members who take the lead within the company are very experienced with the blockchain technology.

For example, Stuart Popejoy, the founder and CEO of Kadena, led the blockchain team of J.P. Morgan. In addition, Popejoy has many years of experience in developing trading systems for the financial industry.

The other founder of Kadena, Will Martino, has also worked in the blockchain field for J.P. Morgan. In addition, Martino has held an executive position at the SEC. This includes contributions to SEC's Cryptocurrency Steering Committee and Qualitative Analysis Unit.

Another name that should not be missing is Stuart Haber. He is considered the co-inventor of blockchain technology. Together with Martino, Haber has worked on the first blockchain of the bank J.P. Tomorrow, which is better known today as JPM Coin.

Satoshi Nakamoto mentioned Haber several times in his Bitcoin whitepaper. However, his experience in the field of blockchain technology was developed years before the idea of ​​Bitcoin. Haber has dozens of patents to his name, most of which are crypto related.

The one who directs the team of developers is Doug Beardsley. Beardsley was a senior developer in 2018 and 2019, but was promoted in early 2019. Beardsley is also an experienced hand in the field of software development, with almost 20 years of experience.

Before his work at Kadena, Beardsley was active as a developer, manager and researcher at various companies.

Roadmap

Kadena has a very transparent and detailed roadmap. The roadmap can be found on the company's website, showing both future plans and past results.

After a plan on the task list has been executed, you can see it on the roadmap. The company also provides a short explanation and links to messages about this on Medium and Twitter. The open plans are also shown in great detail.

For example, it is indicated for each part of the roadmap when the plan will be implemented and how the progress is being made. At the time of writing (November 2021), the roadmap shows that Kadena wants to complete the following components in the fourth quarter:

• Wrapped ETH on Kadena
• Sustainable mining initiative Kadena
• Renewal Kadena website
• Ledger wallet support

In addition, Kadena is also engaged in other crypto-related matters. For example, the company is busy with NFT projects and the infrastructure for a lending platform is being worked on. Kadena also has plans for a bridge to the networks of Celo, Terra and Ethereum.

The popularity on social media

Kadena is also active on social media via various platforms. The company has the most followers on Twitter. At the time of writing, the milestone of 100,000 followers has been reached. The company launches official updates via Twitter and Medium, for example about the progress of the roadmap.

Despite this happening through both Twitter and Medium, for Kadena, Medium is the platform with the least number of followers. This may be because Medium is less known, but also because following writers on Medium is only for paying members.

After Twitter, Kadena has the most followers on Telegram and Discord. Through both channels, Kadena reaches approximately 17,000 followers. The company is also active on Youtube and Reddit, where they have approximately 11,000 followers. Very sporadically, Kadena's team has an AMA on Youtube, where you can ask anything you want.

Critical note

At first glance, there is little to criticize about Kadena's plans and implementation. The project is innovative, improving and has an experienced team. However, every project has its downsides. This also applies to Kadena. In the context of decentralization, Kadena's project for a layer 1 project cannot really be called decentralized.

Another critical point is to make for mining KDA. The rewards are high, which is beneficial for miners. However, purchasing mining equipment costs quite a lot of money. A brand new miner - such as Goldshell's KD5 - can easily cost tens of thousands of euros. There are second-hand copies available, but they are still pricey.

However, despite the high investment, it is possible to earn back the investment for mining within a year. This of course depends on the price of KDA. The lower the price, the longer the payback period. This can also go the other way. The higher the price of KDA, the faster your investment will be recovered.

Conclusion

The blockchain technology improved by Kadena is a major step forward for crypto-related companies that use the Proof of Work system. The chainweb makes transactions even more secure. Kadena also provides scalability, which is unique within their category. Due to its scalability, Kadena can process a large number of transactions extremely quickly, almost free of charge.

Mining is very important for the network. Miners are rewarded in KDA, the coin of Kadena. The rewards in KDA are very high for miners, so 70% of the total amount of coins is reserved for mining. A side note is the investment you have to make to purchase good equipment for mining.

The plans and the implementation of this have been devised by a very experienced team. The team has known each other for years and also has years of experience in the field of software development and blockchain technology. The cradle of the team is at the bank J.P. Morgan, where some team members jointly developed the bank's blockchain.
Kadena's plans are far from complete. You can follow them through their social media channels or the roadmap on the company's website. This roadmap is very extensive for a crypto-related company. In addition to completed tasks and future plans, you can also see what they are currently working on and at what stage the developments are.

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