Kadena KDA

About

Kadena delivers the next generation of blockchain platforms for businesses and entrepreneurs by solving the scalability & security concerns that impede widespread blockchain adoption. We offer simple solutions & tools for developing on a blockchain, including a purpose-built smart contract language, Pact; the first high-performance, BFT-consensus, private distributed ledger protocol; and Chainweb, a fundamental breakthrough in proof of work scaling for a public blockchain. Kadena’s founders have proven experience creating and building software systems for the financial industry and government including for JPMorgan Chase Bank and the U.S. Securities and Exchange Commission. The Kadena token (KDA) is a digital currency that is used to pay for computation on the Kadena public chain. Similar to ETH on Ethereum, KDA on Kadena is the token in which miners are compensated for mining blocks on the network and is the transaction fee that users pay in order to have their transactions included in a block. Applications processing volumes of transactions on the high-throughput, scalable Kadena network will execute their smart contract code using the native Kadena token. As more applications join or interoperate with the Kadena network, the number of smart contracts executed grows, as does the utility of the Kadena token.