Thread by @zuszman_

$KDA attracted tons of attention after rallying from $2 to $28 in less than a month. But what all this “hype” is about? What makes @kadena_io so special? In this thread you will learn everything about Kadena - their product, tech, team & tokenomics. Are you ready? Let's go!

1/24 As CEO Stuart Popejoy said “Kadena’s whole goal is to solve the scaling problems of bitcoin and the security problems of ethereum,”

2/24 The purpose of Kadena is to be a single resource needed to build blockchain applications. In doing so, Kadena solves 3 major problems that have stopped widespread blockchain adoption including scalability, security, and ease-of-use.

3/24 Scalability
Kadena's public blockchain is a Proof of Work protocol. Yes, we all know about the problems usually associated with PoW. Relying on it usually means slow transactions and a low throughput. Kadena has found a solution, allowing them to operate efficiently with PoW

4/24 Essentially, Kadena figured out how to shard proof of work. Which is something unique since PoW is considered much more secure than Proof of Stake. Bitcoin is running on PoW and it has never been hacked. That’s why it’s because the most secure digital asset.

5/24 For instance, Ethereum was operating on Proof of work and they were forced to change to Proof of Stake because otherwise it wouldn't scale. Kadena solves the scaling issue, so we can say it's basically done what Bitcoin and Ethereum was unable to do in Proof of work.

6/24 Security
We already covered PoW security. Another important thing is Pact, smart contract language designed by Kadena, which makes designing safer smart contracts much easier by automatically detecting bugs.

7/24 Pact protects developers from the exploits they might face on other smart contract platforms. And we all know these exploits already happened for example on Ethereum dapps.

8/24 Ease-of-use
Kadena was developed to be integrated into traditional business and understood by non-technical users and Pact code is stored in a human-readable format.
Pact code has error messages and Pact contracts are upgradable allowing developers to fix errors.

9/24 Kadena is among the first blockchain projects to deliver such a comprehensive feature-set.

Now let’s talk about important goal Kadena aims to achieve.

10/24 Public blockchains have always raised privacy concerns, because it would require companies to share sensitive information publicly.
A few projects are seeking to connect enterprises to public blockchain networks, without compromising on privacy. (i.e Waves)

11/24 The Kadena network appears to be doing things differently in that it aims to be an end-to-end solution for connecting enterprises to a public blockchain.

12/24 The company wants enterprises to build applications on its own private chain, instead of building from scratch and creating smart contracts on its public chain that then allows users to interact with those applications
Now, let's have a look at their competitors

13/24 First of all, Kadena's fees are close to 0
Secondly, Kadena has a maximum of 480k transactions per second, massively outperforming other chains.
And as we’ve already mentioned, it runs on PoW, which is considered the safest consensus mechanism

14/24 Now let’s talk about the team, which is another big advantage of this project.

As it is stated on Kadena’s official website the founders, Will Martino and Stuart Popejoy, prior to the launch of Kadena in 2016 were already leaders in blockchain and cryptocurrency solutions

15/24 -Stuart Popejoy led JPMorgan’s Emerging Blockchain group.
-Will Martino was recruited from his role as the Tech Lead for the SEC’s Cryptocurrency Steering Committee.
-Together, Stuart and Will built JPMorgan’s first blockchain, now known as JPM Coin.

16/24 Another important personality is dr Stuart Haber. According to their webiste, It's “The most cited person in the Bitcoin Whitepaper and a colleague of blockchain inventor, Satoshi Nakamoto." wow

17/24 All blockchain concepts are built upon the foundational principles defined in Dr. Haber’s seminal work.”
The rest of the team also has rich experience by working in companies such as Apple, Microsoft, Hewlett Packard, KPMG or Disney.

18/24 Taking experience and the background into account, we can be quite sure that these people know what they are doing. Founders who previously worked in JP Morgan exactly know the demands for blockchain among the world’s biggest enterprises and ...

19/24 ... and know how to provide their future clients with this technology. Dr Stuart Haber is the greatest authority in blockchain’s world. Kadena is the one and only project that can boast about having member in their team that is considered the blockchain inventor.

20/24 Tokenomics
The overall emission of the Kadena platform happens through two processes: mining and release of allocated tokens. this can be compared to drilling for oil, mining for gold or minting new currency.

21/24 The vast majority of the overall emission is through mining. It’s important to understand the time-scale: mining is incentivized by rewards for each new block that slowly decrease over time. This distribution continues over a period that lasts over 100 years

22/24 So, while Kadena’s total emission of 1 billion tokens sounds like a lot, it’s more important to focus on the total emission rate. As you can see KDA supply will increase gradually. The team assures that it will not exceed a platform coin release rate of 22.08M tokens/year.

23/24 Summing it up. @kadena_io just like Bitcoin is running on safest conensus mechanism - PoW. They have amazing team, ultra high transaction throughput and low fees. Tokens for the team locked for several years, which means they have long term goals

24/24 All right guys I hope you enjoyed this thread! Also, if you find it valuable, retweet and follow me for more :) Let me know if you have any questions. I'd be happy to answer them! Here is link to my yt vid about @kadena_io