Kadena (KDA): Truth Revealed! | Is Kadena (KDA) The Next 40x Coin? | KDA News & Price Prediction!

Kadena (KDA): Truth Revealed! | Is Kadena (KDA) The Next 40x Coin? | KDA News & Price Prediction!

What is Kadena (KDA)?

Kadena is an enterprise-grade, Layer 1 Proof-of-Work (PoW) blockchain. It aims to offer a highly scalable and developer-friendly hybrid blockchain that guarantees a level of security similar to Bitcoin. To achieve this, Kadena leverages a novel consensus mechanism known as Chainweb and the Pact programming language.

Kadena’s mission is to perfect its base layer for scalability and developer purposes without needing Layer 2 scalability and functionality protocols. These protocols can complicate app development; therefore, offering a complete tool kit on one platform will undoubtedly be more developer-friendly. The Kadena team claims Kadena can handle up to 480,000 transactions per second across 20 chains, and as it upgrades to 50 chains working in parallel, they expect it to exceed 1million transactions per second.

History and Performance

Who Founded Kadena?
Will Martino and Stuart Popejoy co-founded Kadena in 2016. The two happen to have deep ties to traditional finance:

Will was the lead engineer of Juno, JPMorgan’s pioneer blockchain project, and initially served as the technical leader of the Securities and Exchange Commission’s (SEC) Cryptocurrency Steering Committee.

Stuart is a former member of the JPMorgan Blockchain Center for Excellence blockchain division.
Will and Stuart were steerer members of JPMorgan’s blockchain initiatives, where they gained a proper understanding of traditional finance (TradFi) and decentralized finance (DeFi). The understanding helped them to start Kadena to solve the flaws of centralized finance (CeFi) and DeFi. Besides the two, Dr. Stuart Haber, the co-inventor of blockchain and the most cited reference in Satoshi Nakamoto’s Bitcoin whitepaper, is another notable figure that acts as a Kadena advisor.

Market Cap
$189,756,104
Total Supply
1,000,000,000
Max Supply
1,000,000,000
Circulating Supply
210,727,551

The all-time high price of Kadena is $27.64 on Nov 11, 2021
The all-time low price of Kadena is $0.065811370297 on Mar 13, 2020

Latest News & Development

2022 live roadmap: Completed milestones

Platform:
Chainweb mainnet 2.12
Pact 4.2.0 release (lambdas, natives, persistence improvements)
Chainweaver SigBuilder signing
Ledger dev-beta release
Orphan block/transaction information in the block explorer

Ecosystem:
Okex exchange listing
Developer documentation refresh
Launched Kadena Eco: an innovation network for hypergrowth
Binance exchange listing
Okcoin exchange listing

Can you stake Kadena (KDA)?

Exchanges
A summary of the key features supported by the exchanges trading KDA.

Blockchain transactions are irreversible and if you make a mistake, your coins may not be recoverable. A best practice with any blockchain is to always perform a small test transaction when executing a transfer for the first time. For added security, send those coins back to the sender to verify that the receiver's account works as expected.

The main purpose of a cryptocurrency exchange is to allow users to buy and sell coins. They may also allow users to transfer their coins to some other wallet. Exchanges generally do not support the full range of features enabled by many blockchains, including Kadena.

Price Prediction: Kadena (KDA)?

Price Prediction 2023
Average price level of $1.32
Expected minimum price value of $1.28
maximum price level of $1.60

Price Prediction 2025
Average price level of $2.89
Minimum price value of $2.81
Maximum price level of $3.31

Price Prediction 2027
Average price level of $6.29
Minimum price value of $6.12
Maximum price level of $7.12

Price Prediction 2030
Average price level of $19.66
Minimum price value of $18.98
Maximum price level of $23.14

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