Kadena claims its blockchain platform can scale infinitely while remaining secure and energy-efficient. Let's explore how this technology works, who created it, and its future potential.
The Origins of Kadena
Kadena was founded in 2016 by Stuart Popejoy and Will Martino, who previously worked at JPMorgan leading the Emerging Blockchain group. The project was initially designed not for cryptocurrency trading but for powering global finance and real-world applications.
How Kadena Works
At the heart of Kadena is the Chainweb architecture, a parallel-chain Proof-of-Work system that increases throughput while maintaining security. Smart contracts are crafted using Pact language, which is designed for accessibility with built-in formal verification to enhance security.
Kadena's Team and Partnerships
Kadena's team includes experienced experts from the finance and blockchain industries like Dr. Stuart Haber and Nitin Gaur. The project has established key partnerships with various organizations, including OpenValue and the Croatian Football Federation.
Kadena represents a distinct approach to blockchain design by merging security, scalability, and practical application. Its success lies in continued development and adoption within the business sector.
