Overview of Kadena
Why Kadena Matters
Vision
Kadena was founded on the idea that blockchain could revolutionize how the world interacts and transacts. But in order to reach mass adoption, chain technology and the ecosystem connecting it to the business world needed to be reimagined from the ground up. Our founders built a proprietary chain architecture and created the tools to make blockchain work for business. Previously thought unachievable, Kadena has been able to become the first and only Layer-1 blockchain that permanently addresses scalability while preserving the power of Proof-of-Work (PoW) security and decentralization.
Behind the tech
Prior to the launch of Kadena in 2016, our founders were already leaders in blockchain and cryptocurrency solutions:
- Stuart Popejoy led JPMorgan’s Emerging Blockchain group.
- Will Martino was recruited from his role as the Tech Lead for the SEC’s Cryptocurrency Steering Committee.
- Together, Stuart and Will built JPMorgan’s first blockchain, now known as JPM Coin.
Kadena’s advisory team consists of experts such as Dr. Stuart Haber, the co-inventor of blockchain and the most cited author in Satoshi Nakamoto’s renowned 2008 Bitcoin white paper.
✍<strong>Write the future on Pact</strong>
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Pact is the first truly human readable smart contract language. It lets
anyone write clearly, directly and safely onto a blockchain—a true
advance for automated contracts. Pact automatically detects bugs and
keeps the purpose of code clear. With other contract languages, finding
bugs and making sense of fine print can be nearly impossible. Pact’s
Formal Verification lets you test your contracts to make sure they do
what’s intended. Additionally, when you reference code from other
contracts, you stay in control of what happens with your transactions,
even if they change their code.
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<strong>Industrial scalability</strong>
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Unlike other platforms, Kadena is designed to power global financial
systems. Our protocol continually scales to higher TPS (Transactions Per
Second) as more chains are added to the network. With its revolutionary
multi-chain architecture, Kadena is the only scalable layer-1 Proof of
Work (PoW) platform capable of scaling to settle the 9+ million trades
executed on the NYSE each day.
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🔐 <strong>Proven security</strong>
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Our founders' experience at JPMorgan revealed the potential for – and
limitations of – existing blockchain solutions. In order to solve for
the security and throughput demands of financial services clients,
Kadena’s protocol runs on the Proof of Work (PoW) consensus mechanism
found in Bitcoin, rather than Proof of Stake (PoS). To achieve Kadena’s
breakthrough scalability, we braid together multiple Bitcoin-like
chains, improving both throughput and scalability while maintaining the
security and integrity found in Bitcoin.
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While we offer marginal transaction fees for consumers, we’ve gone a step further
in introducing the first Crypto Gas Stations to allow businesses to eliminate
all transaction fees for their customers, thus removing a key barrier to mass
adoption of dApps.