The Kadena (KDA) blockchain is a public and private blockchain. That is, it includes characteristics of both public and private blockchains: public blockchain, which fosters growth by not limiting the number of users and is open to all, and private blockchain, which restricts access to the blockchain and requires users to get access to the network before using it. In a hybrid blockchain, even if the blockchain is open to everyone, it still has attributes like integrity, transparency, and security. The Kadena blockchain intends to be both a public and private blockchain.
Along with Pact, the safest smart contract language, Kadena provides the first scalable layer 1 PoW blockchain. After establishing JP Morgan’s first blockchain and serving as the tech lead for the SEC’s first Crypto Committee, @SirLensALot and @wjmartino launched the startup.
Cryptocurrency, although being a revolutionary cry against despotic Big Finance, nevertheless has an energy issue. Bitcoin mining uses a significant amount of fossil fuels. Since then, a slew of new cryptocurrencies has emerged in an attempt to make cryptocurrency mining more feasible and ecologically friendly. The Proof-of-Stake vs. Proof-of-Work debate is centered on this, as well as the issue of scalability. Kadena went with the Proof-of-Work POW method. Although the POW technique has a scalability issue, Kadena looks to have solved the problem. Later this year, testing will be conducted to see whether Kadena’s (KDA) claim of 100,000 TPS is accurate.
Price Movement
At the time of writing, KDA is being traded at the price of $11.59 with a decrease of almost 6% in the last 24 hours. KDA is a really strong token fundamentally. The maximum and minimum today are $12.43 and $11.13 respectively. The daily trading volume has increased by almost 43.60%. KDA had created its ATH in May 2021 and reached a price of almost $88. KDA has a circulating supply of almost 166M coins and a total supply of almost 1B. It is listed on coinmarketcap at rank 71st. It can be exchanged on KuCoin, Gate.io, Hotbit.
Price Prediction – Kadena (KDA)
According to wallet investor thinks that KDA is a good investment. According to them, in one year, KDA would be worth around $33.936. In five years, the price is expected to reach a value of $121.860. Investors are quite bullish on the project and are hoping for the best and that it would reach new heights within no time.
