Thread by @CryptoGirlNova

1) In today's market it's increasingly hard to select high quality cryptocurrencies.

Most eventually fade away and as such we need to search for the best fundamentals.

A thread🧵on $KDA and why you should take a look at this cryptocurrency.

Read on 👇

@kadena_io #Kadena #kda

2) In today's market it has become quite clear that for blockchain technology to gain mass adoption, it is necessary to create a project that will be distinguished by its security, speed, and ease of use.

Hundreds of brilliant minds are working on solving this difficult task.

3) Before Kadena was created, a project that would meet all the listed criteria had not been seen yet (today there are a few trying to fix this).

The developers of Kadena intended to fix the situation and demonstrate a project that could turn the cryptocurrency industry around.

4) Kadena is a hybrid blockchain that allows developers to build ultra-fast and cost-effective decentralized applications.

The project developers are striving for mass adoption of blockchain technology and identified three key problems today.

5) -Low scalability.
-Poor security.
-Complex use.

It is these obstacles that Kadena looks to solve.

The Kadena blockchain consists of three key components:

-Chainweb.
-Kuro.
-Pact.

6) Chainweb is a public blockchain protocol that provides a high level of scalability and security.

Kuro is a high-speed and secure private blockchain.

Pact is a safe and easy-to-use smart contract language.

7) These 3 elements look to make Kadena the fastest, safest, and most scalable blockchain on the market.

To date, the Kadena public blockchain consists of 20 chains that operate in parallel and can process an incredible 480 000 TPS per second.

8) The devs are already working on expanding Kadena to 50 chains which will increase the throughput to about a million transactions per second.

Keep in mind this is all theoretical of course but a nice feat nonetheless.

9) Let's dive in how Kadena works.

The Kadena architecture consists of two blockchains.

-The public Layer 1 Chainweb multi-chain.
-The private Layer 2 Curo blockchain.

These blockchains are interoperable through the use of the smart contract language Pact.

10) This solution allowed the developers to neutralize the scalability problems faced by PoW blockchains while maintaining the high level of security in this consensus algorithm.

Thanks to its architecture, Kadena can increase its throughput while not increase power usage.

11) The project team strives to create an easy-to-use and scalable blockchain platform with a first-class security level.

It's 3th component "Pact" is one of the most simple programming languages. Any advanced Excel user will be able to write their smart contract on it.

12) The token KDA is used to pay fees and reward miners.

The maximum supply of tokens will be 1 billion.

The circulating supply is 184 million KDA.

Being a "proof of work" blockchain KDA is mined by miners who receive a portion of tokens as a reward.

13) Initially the low circulating supply scared me (184m vs 1 billion total).

The total supply however will only be reached in 120 years.

About 1.94 million tokens are mined per month but the number of issued KDA will be reduced by halving over time.

14) This allows KDA to remain a deflationary asset, despite the seemingly sizeable maximum supply.

Kadena cooperates with many leading blockchain projects.

Chainlink is integrated they also collaborate with Celo, Cosmos, Ledger, Polkadot, Terra, CoinMetro, Flux, Wrapped,...

15) Who is behind Kadena?

The development of Kadena began in 2016. The founders of the project were two highly qualified experts:

-Stuart Popejoy. A former employee of the blockchain division of JPMorgan.

-Will Martino. The lead engineer of JP Morgan’s first blockchain "Juno".

16) Will and Stuart were crucial figures in developing JP Morgan’s blockchain.

In 2016, they decided to build the Kadena blockchain to make it the best blockchain for enterprise use. Kadena’s mainnet was launched in 2019.

17) My conclusion:

Kadena is a promising blockchain that has already received support from large companies and investors.

Kadena developers have done the impossible. They scale the PoW blockchain without sacrificing security and decentralization.

18) It's one of the fastest blockchains on the market.

Their most promising feature "gas stations" allow companies to pay fees instead of customers.

I can see why this is getting the hype it deserves and why it was highly requested for my weekly fundamental Sundays.

19) From a price point perspective its also incredibly more interesting than it was before.

It peaked to 25$ at the end of the bull run before revisiting its pre rally prices today.

I always recommend people to look for purchases AFTER corrections or pre rally times.

20) In today's market we are seeing a few of the most advanced blockchains ever emerge (you know one of my favorites if you are following me).

I see Kadena as another of the most promising ones in which I might take a position myself as I believe in a multichain future.

21) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.

I research the communities top voted cryptocurrency every sunday so you can keep track of all the most exciting projects.

Your favorite writer Nova ❤️

22) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.

Everyone deserves free knowledge 📘

Love you all ❤️

First post 👇

https://twitter.com/CryptoGirlNova/status/1556355402153050113?t=2pe1pXHHjQjPBT9FYPk8AA&s=19