Kadena is a public blockchain designed to optimize scalability and equipped with a new smart contract language called Pact, which includes formal verification and upgradable smart contracts. Kadena also utilizes a novel Proof of Work (PoW) consensus mechanism called Chainweb, which consists of multiple individually mined chains operating in parallel to execute network transactions.
What is Kadena (KDA)?
Kadena aims to create a scalable and developer-friendly public blockchain that provides a level of security similar to Bitcoin. To support this vision, Kadena introduces a new consensus method, a Proof of Work model called Chainweb, and a new smart contract language known as Pact.
Its mission is to optimize its base layer for transaction volume and developer adoption without the need for any second-layer scalability or functionality solutions. Second-layer solutions tend to complicate application development; hence, providing a complete toolkit on a single platform is intended to be more developer-friendly. The team also claims that there is no upper limit on the number of transactions Kadena can process per second based on internal testing.
Kadena’s native smart contract language, Pact, is designed to improve on common flaws observed in Ethereum‘s Solidity, particularly its vulnerability to infinite loops and the lack of Formal Verification. Pact smart contracts can be upgraded at any time without requiring a hard fork.
Additionally, Kadena developed a private blockchain before its public smart contract platform. This private blockchain, now known as Kadena Kuro (formerly ScalableBFT), uses a Byzantine Fault Tolerant (BFT) consensus mechanism and is optimized for enterprise-level use cases. Since 2018, Kadena Kuro has been used by a healthcare consortium to reduce the effort required to collect and maintain insurance provider information. This private blockchain can be utilized similarly to a sidechain to a public blockchain network (like Kadena’s public platform) to accelerate transaction processes and create new markets for data.
How to Buy KDA Coin?
KDA Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume. Binance
To buy KDA Coin, you first need to register on Binance and then transfer fiat currency. After transferring fiat currency like USD, you can purchase KDA Coin in the KDA trading pairs with Bitcoin (BTC), BUSD, and Tether (USDT).
Additionally, users can place a buy order at a lower value rather than just buying at the market price on Binance. To do this, you can use the Limit tab and enter the amount you want to buy and the price you want to pay.
