Kadena
Current price
$0.009547
−3.02%24h
LiveUpdated 31s ago
TodayKadena falls 3.0%, in line with the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.24%
- 24 hours−3.02%
- 7 days+7.27%
- 30 days+136.84%
- 1 year−96.03%
Kadena's move in context
Moving with the market
−3.02% today, close to the whole market (−3.26%). Nothing specific to Kadena stands out in the price.
Part of a climb
+7.3% over 7 days and +136.8% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Kadena
Overview
Kadena is a blockchain platform designed to facilitate high-throughput decentralized applications (dApps) with a focus on scalability and security. Its core mission is to simplify the development of blockchain technology, enabling businesses to create and deploy smart contracts more effectively while maintaining the highest security standards. One of the distinguishing features of Kadena is its hybrid architecture that combines both a public and private blockchain, allowing users to benefit from the transparency and security of a public blockchain, while also utilizing the control and privacy that a private blockchain provides. Kadena aims to solve the issues faced by traditional blockchains, such as slow transaction speeds and high fees, positioning itself as a robust solution for enterprises and developers alike.
Technical Features
Kadena utilizes a unique consensus mechanism known as Chainweb, which employs a parallelized proof-of-work (PoW) approach. This setup enables multiple blockchains to operate simultaneously, enhancing throughput and security while maintaining the integrity of transactions. The security model of Kadena is built around its novel architecture, which allows chains to communicate with one another through a secure relay, reducing the likelihood of network attacks. Moreover, Kadena incorporates its native smart contract programming language called Pact, which is designed for ease of use and includes formal verification capabilities. This feature ensures that smart contracts have been analyzed for bugs and vulnerabilities before being deployed, enhancing overall security.
Use Cases
Kadena supports a wide array of use cases primarily focusing on decentralized finance (DeFi), supply chain management, and NFT creation and trading. Its high-speed transaction capabilities make it suitable for applications requiring numerous transactions per second, such as DeFi protocols and cross-border payment systems. Additionally, Kadena's focus on smart contracts allows for complex business logic to be implemented in a secure environment, facilitating automation and improving operational efficiency. The ecosystem also supports governance protocols that enable token holders to have a say in the development and future direction of the platform, ensuring community engagement and transparency.
Development Background
Kadena was co-founded by Stuart Popejoy and Will Martino, the former leaders of the blockchain research group at JPMorgan. Founded in 2016, Kadena aimed to address the limitations of existing blockchain technologies by focusing on scalability and enterprise applications. Over the years, the project has garnered significant attention and support from various organizations, leading to the development of the Kadena blockchain network and its suite of tools. Notable events since its inception include successful funding rounds and partnerships with various enterprises to pilot blockchain solutions on the Kadena network.
Community and Ecosystem
The Kadena ecosystem is supported by a vibrant community of developers, enterprises, and enthusiasts. The Kadena team actively engages with its community through social media platforms and forums, providing updates, insights, and educational resources. Additionally, Kadena has formed various partnerships with companies across different industries to explore the potential of its technology in real-world applications. The ecosystem fosters the development of dApps, tools, and resources that enhance the overall user experience and expand the capabilities of the Kadena network.
Future Potential
The future potential of Kadena lies in its ability to evolve alongside the blockchain landscape. With its advanced technology and robust use cases, Kadena is well-positioned to play a significant role in the growing DeFi sector and the broader adoption of blockchain solutions across various industries. Upcoming features and developments outlined in its roadmap include enhancements to its smart contract functionality, user experience improvements, and increased partnerships aiming to broaden its market reach. As the demand for scalable and secure blockchain solutions continues to rise, Kadena's innovative approach may offer a transformative impact on how businesses and developers utilize blockchain technology.
Kadena market
- Position by market cap among the coins we track.
- #392
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $3.24M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.009547High $0.0101
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $27.64
- Now 0% of itReached 11 Nov 2021 · Needs +289,415% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 339.28M KDA
- 34% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 1B KDA
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B KDA
- The most coins that can ever exist. Some coins have no limit.
Kadena converter
1 Kadena = $0.009547
