Kadena has announced the launch of Chainweb EVM, enabling decentralized applications to operate on 20 new EVM-compatible chains. This solidifies the company's position as a leader in scalable blockchain technology.
Kadena's Positioning as an Alternative to Ethereum
Chainweb EVM positions Kadena as a decentralized alternative to Ethereum Layer 2, offering low transaction fees and energy-efficient Proof of Work security. Kadena's unique scaling approach incorporates native parallel execution for high throughput.
Opportunities for Developers
Developers will be able to deploy and scale dApps using Solidity smart contracts and utilize EVM tooling natively within Kadena. This will allow for keeping costs low while ensuring high security in development.
Ecosystem Support and Founder's Comments
Kadena is also launching a $50 million grant program to support builders on the Chainweb EVM platform. The company's co-founder, Stuart Popejoy, commented: “We see Chainweb EVM as the long-lasting settlement platform for the world, from stock market trading to e-commerce payments.
The launch of Chainweb EVM demonstrates Kadena's commitment to innovation in blockchain technologies and aims to expand opportunities for developers worldwide.
