It is true that blockchain technology offers a level of decentralization and transparency that was not available before. However, although it provides these two qualities, it somehow fails when it comes to inter-connectivity and performance. It’s believed that thanks to blockchain smart contracts, users will be able to reach a consensus with a lot of ease. However, to truly achieve this, either some aspects/features will have to become obsolete or there will be a need for a significant change on participating blockchains.
One project that is trying to ease and simplify the process from a developer’s standpoint is KardiaChain. The team behind KardiaChain has developed a non-invasive solution that facilitates inter-chain operations between existing and even upcoming blockchain platforms. Their goal is to build an ecosystem where developers can both create and launch smart contracts that can run on multiple blockchains. That is smart contracts that can communicate with others on another blockchain securely and without any congestion. Let’s discover what is KardiaChain in more detail!
KardiaChain boasts of being the first decentralized blockchain platform that’s both interoperable and self-optimized. Through the use of their non-invasive cross-chain technology, KardiaChain acts as a data conduit that enables cross-chain communication between either public or private blockchains regardless of their consensus protocols. The aim of KardiaChain is to solve one of blockchain’s most prominent problems: fragmentation. They intend to create a unified ecosystem capable of combining all the strengths of different platforms to further push global blockchain adoption.
Therefore, developers can create cross-chain dApps on KardiaChain that can interact with others on different chains. Because of this, any congestion on one blockchain can be easily routed to another thus, reducing the overall congestion by utilizing the processing power of another blockchain. Additionally, this type of infrastructure allows solutions to run on multiple blockchains improving the interoperability between them. It makes the implementation as simple as possible especially from the developer’s point of view. Assets and data can then be transferred easily without requiring any chain on participation.
Some of the technologies of the project include:
Dual nodes allow two parallel chains to run simultaneously without any compromise on the integrity of ledger data. What this means is that no protocol change needs to take place in order for the two blockchains to interact with one another. Simply put, one user can take action on one chain and the result will take place on the other chain.
Elastic sharding ensures that the ecosystem remains secure and the network undergoes optimal performance. Through elastic sharding, an appropriate number of nodes and staking power is maintained in Dual groups through methods such as adjusting block reward redistribution.
Smart contracts are the ultimate tools for developers to be able to efficiently deploy smart contracts on KardiaChain. There is no need for any prior experience and the learning curve is not that significant when you use KSML. The aim is to break the programming language barrier between two different smart contract platforms.
KAI token is KardiaChain’s native digital utility token. It’s useful for settling payments between users and also as the main utility token for paying for transactions within the KardiaChain ecosystem. It is also a reward for staking. For this reason, the KAI coin is a non-refundable utility token utilized as the unit of exchange between users on the platform. Some basic information of the KAI token includes:
If you are wondering how you can convert your BTC holdings to KAI at the best exchange rate, don’t worry. You came to the right price. At Swapzone, we offer the best KAI exchange rate in the market. To convert BTC to KAI at Swapzone, follow this simple guide:
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.