Kadena Building DeFi Bridge to Celo and Joining Alliance for Prosperity, also Announcing Bounty Program for Kadenaswap DEXKadena, the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence, and Celo, an open platform that makes financial tools accessible to anyone with a mobile phone, are announcing a partnership. As part of the collaboration, Kadena is joining the Alliance for Prosperity. The partnership will see both Celo’s cUSD stablecoin and Kadena’s KDA token interoperate on both platforms via a trustless bridge relay, increasing utilization for both tokens.
Announcing Kadena Technical GrantsKadena has launched Technical Grants, a structured model designed to reward blockchain developers for contributing their talent to the world’s fastest layer-1 PoW network.
Kadena Hybrid Blockchain Partners with Programmable Money Leader Terra to Expand DeFi EcosystemKadena, the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence, and programmable money leader Terra are partnering to contribute their combined expertise towards expanding the DeFi ecosystem. Kadena will add Terra’s Luna stablecoin to the multi-protocol Kadenaswap DEX that will utilize Kadena’s 20-chain sharded and scalable layer-1 public blockchain. This collaboration highlights how Kadena is well positioned to help DeFi scale with high throughput and low gas costs, enabling innovative products like Terra’s Luna stablecoin to accelerate adoption.
Kadena Roadmap for Q4 2020As announced last month, creating the multi-protocol Kadenaswap DEX is the primary focus for Kadena’s blockchain engineers for the rest of the year and going forward through 2021. Of course, the team will also be working on additional efforts to benefit the ecosystem and community. Some of the activities we’ve already completed in October include Co-founder and CEO Will Martino speaking at LA Blockchain Summit and the Zel project partnering with us for node incentivization on the Flux platform.
Kadena Embraces DeFi with Multi-protocol Decentralized Exchange KadenaswapKadena, the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence, today announced a multi-protocol decentralized exchange (DEX) named Kadenaswap. Kadenaswap will utilize Kadena’s 20-chain sharded and scalable layer-1 public blockchain with 480,000 transactions per second capability. The company also announced community onboarding initiatives such as partnering with ZelCore on full-node incentivization for miners, offering a free month of gas during October 2020, and launching a developer engagement program.
Stuart Popejoy - Founder & CEO
High gas prices peril or promise for DeFi?On September 1, Ethereum set a new record for high gas prices, with a single DeFi transaction costing over $10 in fees. High fees are the result of congestion, as users pay ever higher fees to ensure their transaction gets into a block. Gas on Ethereum can be seen as “block space rent” and many are saying the rent is too damn high.
Kadena Completes Hybrid Blockchain Scaling to 480,000 Transactions Per Second on 20 ChainsCompany concludes monumental upgrade to the world’s first sharded Proof of Work layer-1 blockchain for the scale required of institutional and retail applications NEW YORK — Aug 20, 2020 — Kadena, the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence, today announced that its scalable layer-1 public blockchain has increased from 10 to 20 chains, becoming the fastest blockchain platform in the world. Kadena’s Chainweb public protocol functions through a braided, parallelized consensus mechanism, a unique architecture that boosts speeds while preserving the security of the Proof of Work consensus utilized by Bitcoin.
Will Martino - Founder & President
Polkadot Collaboration Update Researching Pact Core for WASM and Exploring KadenaDOTAs part of our ongoing work with the Polkadot team, our lead language engineer Emily Pillmore developed an exciting long-term approach to extend the benefits of Pact to the Polkadot community while also furthering Pact as the standard for smart contracts Pact Core. With Pact Core, Polkadot or any WASM-compatible platform can natively execute Pact smart contract code with the help of a minimal interpreter installed directly on-chain.
The First Crypto Gas Station is Now on Kadena’s BlockchainHere at Kadena, we’re focused on making blockchain as useful and usable as possible. From our user-friendly and powerful smart contract language Pact, to our wallet and developer environment Chainweaver, we’re creating products that make the safety and global reach of blockchain accessible to everyone. Today, we’re announcing that we’ve implemented the world’s first autonomous crypto gas station on a public blockchain.
Kadena Roadmap for Q3 2020Kadena has successfully launched the first sharded layer-1 PoW public blockchain. Since the launch in January, the team has been concentrating on the growth and stability of the public network. At the end of March, the Kadena public blockchain grew to a hash rate above 100 Terahashes per second (that’s 100 trillion hashes), completed over 75,000 successful token transfers, and mined more than 4 million blocks.