KDA is a digital currency that is 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 Kadena network is designed to unite public applications, private blockchains, and other interoperable chains in one place, driving traffic to the high-bandwidth computer at the heart of the Kadena public chain. Kadena’s smart contracts are written in Pact, an open-source, formally-verifiable, human-readable, and Turing-incomplete language. Pact is designed for ease of use and adoption by developers and non-technical professionals alike. Gas is paid to the network for the execution of Pact smart contracts on the Kadena blockchain. The max supply is fixed at 1 billion tokens to be mined over 120 years. (Description provided by CryptoCompare)
Coin difficulty: 286887839519920000
Coin algorithm: Blake (2s-Kadena)
Coin network hashrate(H/s): 320012973461260000
Investors and others: 7%
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|Website||DifficultyAdj.||Mkt. Cap. Penalty||Current Supply||Block Reward|
Kadena was founded in 2016 by a team of blockchain and cryptocurrency veterans, all of whom left their spots at leading institutions and organizations working on blockchain tech. Prior to founding Kadena, Stuart Popejoy led JPMorgan’s Emerging Blockchain group. The network’s co-founder Will Martino was recruited from his role as the tech lead at the U.S. Securities and Exchange Commission’s Cryptocurrency Steering Committee. Kadena founders Will Martino (left) and Stuart Popejoy, the founders of Kadena The two founders have previously worked together on building JPMorgan’s first blockchain, now called the JPM Coin. Kadena held four funding rounds since its inception in 2016 and is backed by Multicoin Capital, Primitive Ventures, INBlockchain, Susquehanna International Group (SIG), Compound, and a consortium of other notable VC investors. Dr. Stuart Haber, the co-inventor of blockchain technology and the most cited author in Satoshi Nakamoto’s Bitcoin whitepaper, is a member of Kadena’s advisory team, alongside other established names in the industry.