Kadena is developing a public blockchain using Chainweb. It is a new consensus mechanism that provides a scalability solution for Proof of Work consensus chains. Proof-of-Work (PoW) is often described as a product of the past. It is being replaced by alternative consensus techniques such as Proof-of-Stake (PoS).
Therefore, the most common argument against PoW blockchains is that they use too much energy and are too expensive. But, there is one Layer-1 PoW blockchain that is not just energy-efficient but also completely scalable, decentralized, and secure. It is Kadena.
In this article, we described why Kadena has the potential to be a great project:
What is Kadena?
Kadena is a layer-1 proof-of-work blockchain with a unique chain architecture called Chainweb. According to the company, it allows scaling endlessly. It also contains a layer-2 blockchain known as Kuro, which enables permissioned transactions. Both layers are created with the native smart contract programming language ‘Pact,’ which is written in Haskell.
Kadena’s goal is to create a highly scalable, developer-friendly blockchain. Also, the goal is to provide the same degree of security as PoW blockchains such as Bitcoin. Unlike Bitcoin or Ethereum, Kadena provides smart contract capability even on a Turing-incomplete programming language.
Also, Kadena offers zero-fee transactions to the market. While its rivals are suffering record-high costs, this approach continues to generate attention in the protocol. By removing these fees, companies can better serve their customers by providing complex apps.
— Kadena (@kadena_io) June 8, 2021
Because of its braided blockchain design, Kadena can provide high performance and scalability. The idea behind this construction is that if one blockchain can handle X number of transactions, two chains can handle twice as many. The developers of Kadena figured out how to weave the blocks and hashes together between the chains to create a single multi-chained network, which makes it unique.
This type of network, in particular, provides the Merkle Tree structure required for cross-chain SPV proofs and other tasks. As a result, Kadena has a high level of performance as well as the capacity to scale up to meet demand.
What is Kadena Solving?
The blockchain sector is developing rapidly, where the continuous growth of second layers and dApps causes scalability issues. Furthermore, efforts to replace PoW with alternative consensus models like Proof-of-Stake (PoS) undermine the original PoW design’s assurance, censorship resistance, and trustlessness.
As a result, the area is now in a state of uncertainty in terms of where to find a balance between mass volume consumption and security. Therefore, these are what Kadena brings to the ecosystem:
- Kadena introduces Chainweb. It is a parallel chain PoW architecture that combines hundreds or thousands of individually mined peer chains into a single network. This network is capable of surpassing 10,000 transactions per second.
- Security without bottlenecks: Unlike other platforms’ consensus models, Chainweb’s parallel network model ensures security without the need for side chains to process a large number of transactions. Kadena’s research showed that their idea has a very high level of security, to eventually produce 1,000 different chains for public usage.
Note: Kadena’s solution is not a side-chain approach to scalability because it gives every chain the main chain functionalities.
Kadena’s Roadmap for 2022
Kadena has set new goals for 2022. It divided them into two categories, platform, and ecosystem. With that goals, Kadena’s ecosystem growth will accelerate. It will expand infrastructure on Chainweb & Pact, as well as ecosystem activities that will boost Kadena-based projects.
We have updated our live roadmap for 2022!@Kadena_io's ecosystem growth will accelerate in 2022 with milestones to improve infrastructure on Chainweb & Pact and ecosystem initiatives that will turbocharge projects building on Kadena!
— Kadena (@kadena_io) January 19, 2022
You can see the list of all milestones for 2022 here.
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