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Introduction to Kadena

Introduction to Kadena

Kadena is a public blockchain that aims to optimize for scalability and features a new smart contract language, dubbed Pact, which comes equipped with formal verification and upgradeable smart contracts. These features enable businesses, developers, and users to transact and share data in a decentralized manner across multiple networks.

What problems Kadena attempts to solve #

Kadena aims to be the single source for the resources needed to build blockchain applications. To achieve this goal, Kadena addresses many of the issues that have hindered widespread blockchain adoption to date including scalability, security, and ease-of-use.

Scalability #

The public blockchain is a proof-of-work protocol that addresses layer-1 scalability. This is achieved by braiding several chains together. As transaction volume increases, the network can scale to larger configurations and provide higher throughput capacity.

Security #

The smart contract language, Pact, is turing incomplete and provides formal verification. Turing incompleteness reduces the language’s attack surface without affecting domain-specific functionality. Formal verification allows smart contract authors to mathematically prove that their code contains no bugs.

Ease-of-use #

Kadena was developed in part to be integrated into traditional business workflows and understood by non-technical users. Pact code is accordingly executed directly on the ledger and is stored in a human-readable format. Pact code has error messages and Pack contracts are scalable, allowing developers to fix bugs or adapt logic as business needs evolve.

Advantages of Kadena #

Kadena users can gain a lot of benefits. The platform provides a user-friendly dashboard and programming language to help simplify creation and integration of DApps. As part of the strategy, the system streamlines the most common user activities. Users don’t need previous technical experience to use Kadena’s core services.

Zero-fee transactions #

Kadena offers the market with zero-fee transactions. This approach continues to drive interest in the protocol as its competitors are in the midst of record-high fees. Eliminating these fees helps businesses to better serve their customers with more robust applications.

NFT Support #

Kadena supports the issuance and trading of NFTs. These unique digital assets can represent almost any item. As a result, the NFT marketplace has seen significant adoption. Kadena offers a scalable alternative when compared to its predecessors for the NFT market.

More flexibility #

The technical layout of Kadena allows it to offer some features that other blockchains cannot. For example, the network can distinguish between account names and keys. In most blockchains, your public key is your account name. However, in an enterprise environment, using multi-signature wallets complicates this strategy. Kadena separates account names from keys which help enterprises better manage their crypto usage.

How does Kadena Work #

Thanks to its braided blockchain architecture, Kadena is able to provide its high performance and scalability. The concept behind this architecture is that if one blockchain can do X number of transactions, then two chains can do double. For Kadena, the developers figured out how to weave the blocks and hashes together between the chains to create a single multi-chained network. In this strategy, each block includes the hash of the previous block on the same chain and the hash of the previous block on the other chain. Notably, this style of network provides the Merkle Tree structure needed to perform, for example, cross-chain SPV proofs. As a result, Kadena enjoys high performance and can scale up to meet demands.

Chainweb #

The Chainweb protocol is the layer 1 foundation of the network. This public blockchain integrates a parallelized proof-of-work consensus mechanism to provide Bitcoin-level security but with significantly higher transaction throughput. The network’s success is due in part to the use of the Pact smart contract language.

Pact Smart Contract Language #

The Pact Smart Contract Language was tailored to meet the needs of the blockchain community. This next-generation programming language is both human-readable and highly secure. There are also error reduction features to help ensure your smart contracts and DApps are built securely.

Conclusion #

Kadena offers a combination of enterprise-level services and security that continues to drive innovation and blockchain adoption. The protocol combines advanced features and proprietary protocols to create a unique and effective way to reduce network congestion and scalability issues. For these reasons, Kadena appears to be well-positioned in the market.

Updated on November 8, 2021
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*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.