Kadena’s blockchain is a perfect combination of layer 1 public chain protocol and layer 2 network, operating with a proof-of-work consensus. Kadena aims at providing a high throughput while maintaining scalability and security. The ecosystem of Kadena will not only serve real-world use cases but also provide tools and services for full widespread adoption. In this piece, we will discuss Kadena project along with its native Kadena crypto, the “complete package by Kadena” and how to perform Kadena exchange at the best rate.
Kadena is a project gathering unique and useful features that include scalability, a new smart contract language known as pact (equipped with formal verification), and upgradeable smart contracts.
As said earlier, Kadena operates on a Proof-of-work consensus mechanism known as “Chainweb”. The Chainweb comprises various individually mined chains operating in parallel for the execution of transactions on the network. Theoretically, KDA’s high-transaction throughput can be supported at the base-layer without the need for any second-layer functionality or scalability solutions.
In addition, Kadena utilizes a new smart contract language known as Pact to optimize its base-layer for transaction throughput and developer adoption. It does not require any second-layer scalability or functionality solutions.
Second-layer solutions tend to complicate application development. KDA aims to solve that problem by offering a more developer-friendly option with a full developer toolkit on a single platform. Kadena’s team claims that the number of transactions processed per second has no upper bounds according to the internal tests conducted.
Moreover, the blockchain’s “Pact” smart contract language was designed to improve common flaws found in Ethereum’s Solidity. Most especially, its susceptibility to unbounded loops and lack of formal verification. What makes Pact smart contract even more unique is that it can be upgraded at any moment without the need for a hard fork.
Kadena also developed a private blockchain called “Kadena Kuro”, which precedes its public smart contract platform. The private blockchain was formerly known as ScalableBFT and it uses a Byzantine Fault Tolerant (BFT) consensus mechanism, optimized for enterprise-grade use-cases. The Kuro private blockchain can also be utilized as a side-chain with a public blockchain network with the aim of speeding up transaction processes and creating new data marketplaces.
When it comes to the functionality of the Pact, every imaginable use case is possible with its unique flexibility and features. Some of them include locking serial and fractional NFTs without items behind a single exchange. In addition to that, there are also unfragmented liquidity pools that support unique incentives and cash flows across several exchanges. The Kuro layer-2 technology is also known to process payments faster, at 480,000 transactions per second.
Kadena developers are working day-in & day-out to build the blockchain with advantages that no other blockchain possesses. Benefits like trustless operation, decentralization, cross-chain transfers, and seamless execution across various blockchains are just the tip of the iceberg. In the near future, transactions will be carried out effortlessly across various blockchains like Ethereum, Celo, and Terra using Kadena’s chain relay bridge.
The governance mechanism of Kadena’s Pact consists of three levels, namely:
The Kadena DAO that is in development aims to elevate these functions by empowering the community to fund new developer initiatives.
Kadena is introducing a revolutionary chain architecture with its team of world-class crypto and smart contracts experts, providing tools and services needed for widespread adoption.
Just like every blockchain, Kadena also has its native token known as KDA crypto. KDA can be utilized in many ways such as paying for computing power on the Kadena blockchain and rewarding miners for mining blocks. The total supply of KDA is reported to be 1 billion tokens, with a current circulating supply of 167,257,413 KDA tokens as of January 19, 2021.
The current price of Kadena crypto is $7.34 USD with a daily trading volume of $44,337,692. It is currently ranked number 82 on CoinMarketCap with a live market cap of $1,227,943,816.
Kadena’s exceptionality lies in its completely decentralized infrastructure. With Kadena, teams developing crypto projects have access to tools necessary for launch in days rather than months.
Safer smart contracts. No matter your level of experience, designing safer smart contracts can be done easily using Pact.
No-cost transactions.Most crypto investors are often burdened with overwhelming fees attached to transactions. Thanks to Kadena’s innovative design, not only are consumers offered marginal transaction fees but enterprises also get to utilize the first crypto gas station to eliminate all transaction fees for their customers as a key obstacle to the mass adoption of dApps.
Energy-efficient at scale. Kadena’s energy consumption is designed to remain constant no matter the increase in the network’s demand. Due to its unique framework, it can deliver increased energy efficiency as the transaction per second scales up.
If you are wondering how to buy Kadena with crypto worry no more. In this section, we are going to show you how to make an instant and easy Kadena exchange using Swapzone as a Kadena exchange aggregator. Simply head on to the official Swapzone website and follow the below procedure:
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.