66 | A Proof-of-Work (PoW) Blockchain that Offers Fast and Cheap Transactions.
Kadena is a Proof-of-Work (PoW) blockchain. Kadena utilizes a smart contract language called “Pact”, a secure smart contract language with built-in automated auditing.
One of the main selling points for Kadena is its ability to offer low-cost transactions with security powered by POW consensus while still offering fast processing times.
KDA is the native token of the project. The current use cases for KDA include:
Mining Rewards: Miners are compensated for mining blocks on the network.
Native Payment Currency: KDA is required to pay transaction fees on the Kadena public chain.
The project consists of the following major components working in conjunction:
Chainweb: A braided, parallelized proof-of-work consensus mechanism that improves throughput and scalability while maintaining the security and integrity found in Bitcoin.
Pact: Kadena’s smart contract language with features such as formal verification of user code, contract upgradability, support for interoperability, and access control.
Chainweaver: Official wallet to interact with dapps on Kadena.
As of Oct 31th 2022, the total and maximum token supply of KDA is 1,000,000,000. The current circulating supply is 198,047,245 (~19.8% of the total token supply).
KDA token allocation
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