A solution to the current limitations of PoW, Kadena seeks to create a scalable and developer-friendly public blockchain that offers a level of security similar to Bitcoin. To achieve this, the network presents a novel proof-of-work model called Chainweb, and a new smart contract language, named Pact.
Kadena has also developed a private blockchain, now called Kadena Kuro (formerly ScalableBFT), that predates its public smart contract platform. It utilizes a Byzantine Fault Tolerant (BFT) consensus mechanism and is optimized for enterprise-grade use cases. Since 2018, the private blockchain has been used by a healthcare consortium to reduce the effort needed to collect and maintain insurance provider information. Kadena Kuro can also be treated as a side-chain with a public blockchain network (e.g. Kadena's public platform) to speed up transaction processes and create new marketplaces for data.
Kadena fulfills hybrid blockchain vision with launch of public chain
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Kadena aims to be a single source for the resources needed to build blockchain applications, consisting of a public chain protocol called ChainWeb and a private chain protocol called Kuro. The public and private networks are interoperable through the smart contract language Pact.
A public blockchain protocol of Kadena, Chainweb is a braided, parallelized proof-of-work consensus mechanism that improves throughput and scalability while maintaining the security and integrity found in Bitcoin. Unlike existing PoW architectures, Chainweb provides massive throughput without significantly increasing hash power.
Currently, there is only one pool available for LPs, which is the KDA/FLUX pool. Flux is a web 3.0 decentralized computing network used for purchasing resources, collateralizing nodes and fueling transactions on their product FluxOS. With Flux, users can simply develop, manage and spawn their applications on multiple servers at once. Leveraging the power of multiple blockchains, Flux have successfully partnered with Kadena, the only scalable PoW blockchain.
Nervos network is an open-source PoW public blockchain ecosystem and collection of protocols creating the foundation for a universal internet-like public network. They have built a suite of integrated solutions which they have called the Universal Passport. This is their solution to creating a next generation of interoperability that will empower the creation of Universal dApps.
Kadena stands out among their competitors in that they are a one-layer network, whereas the other competitors employ a two-layer approach. They also claim to have fixed the onboarding issues that have plagued blockchain networks and they have been working with enterprises which includes the US based USCF, an alternative investment product provider.
Each blockchain has its own distinctive qualities, functions, and principles of operation. However, blockchains are limited in their interaction with other blockchains and tools. Parachains are separate, independent blockchains with specific tools to help networks communicate with each other.
In other words, the Polkadot network and Kusama are the cores around which flexible and adaptive blockchains (parachains) can be built. And if parachain developers need a new feature, they can add it without interfering with the zero-level network.
Kusama is Polkadot's canary network, its offshoot for experimenting with new blockchain features, risky projects and the like.That is, in fact, this is an experimental network, and its difference from testnets is only that it exists independently and will function until its community votes otherwise.
Crowdloans, like any other crowdfunding process in the field of cryptocurrencies, provides an opportunity to earn money for ordinary users and enthusiasts. And if we compare them, for example, with launchpads, platforms for launching crypto startups, then parachain auctions carry much less risks. In addition, the topic is new, not everyone has figured it out, and practice shows that this can mean the possibility of good earnings.
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Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallets labels. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with our real-time dashboards and alerts.
Having designed a legal-tech infrastructure, NuGensis is the go-to blockchain for new projects to use, collaborate and develop knowing full well that it is completely interoperable with other chains and other existing blockchains. Through our interoperability, silos of technical expertise will disappear in favor of trust-less collaboration.
Therefore NUGen promises to innovate the cheapest, most efficient and easiest platform to conceive and develop their blockchain projects. With a modular capacity, small number of hooks in your code, you can swap between algorithms, hashing functions etc to configure the best project to realize your vision. You import not only the core blockchain functionality, but all the supporting structure that goes with it, including para-chains and bridges, to maximize the interoperability of your projects.
With the help of EVM subnets, it ensures the scalability of the network and allows customization on blockchain in an effortless manner which is suitable for enterprise adoption or instantiation of a new project but with different jurisdictions.
Apricot, the upgrade of Avalanche blockchain, has released Phase 5 in November 2021 with including major improvements especially for gas fees reduction. Most recently, transaction allowlist precompile was introduced on Avalanche, assisting in building a KYC/private subnet for enterprise or government adoption.
The connection between blockchains is achieved through Inter-Blockchain Communication protocol (IBC). Once integrated, IBC allows zones and hubs to open communication portals between one another, serving as the information rails, meaning that blockchains with different applications and validator sets are interoperable. IBC is the cornerstone of this otherwise sprawling network of sovereign chains.
Blockchain networks that are diverse Cosmos, Polkadot, Avalanche and LayerZero provide remarkable infrastructures to support the internet of blockchains, demonstrating that the asynchronous heterogeneous network paradigm works effectively and is an enhancement over Bitcoin and Ethereum as they now function. They will eventually be able to support millions of daily active users and realize the user-owned and managed Web 3 vision.
Mining of Kadena's public blockchain is now live! Thank you for the response from the mining community (we notified our opt-in miner email list towards the end of last week). At the time of this update, there have been over 150,000 blocks mined. For context, it took Ethereum 28 days to cross the same milestone. We see this as validation of our approach to scaling Proof of Work using parallel chains. Given that we are currently only available for CPU mining (we anticipate GPU mining to open in about a week), we're working hard to encourage and support adoption. We look forward to the full launch of our hybrid blockchain platform in December!
The Keep Network is a privacy layer for public chains, enabling interactivity with private data and interoperability across chains. It does this with keeps, off-chain containers for private data that help smart contracts harness the full power of the public blockchain.
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