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Kadena
About Kadena
Kadena (KDA) is a digital currency used for compute payments on the Kadena public chain. It serves as the transaction fee and mining reward within the network. Kadena aims to unite public applications, private blockchains, and interoperable chains, providing a high-bandwidth computer infrastructure. Smart contracts on Kadena are written in Pact, a user-friendly and verifiable language. KDA is used for transactions, staking, and accessing services within the Kadena ecosystem. The project was created by blockchain and technology experts, Will Martino and Stuart Popejoy, to address scalability and security challenges in the industry.
KDA is the native cryptocurrency of the Kadena blockchain, used to pay for computation on the network. Similar to ETH on Ethereum, KDA is used to compensate miners for securing the network and to cover transaction fees.
Kadena is designed to support public applications, private blockchains, and interoperable networks, creating a scalable infrastructure for decentralization. It utilizes Pact, a smart contract language that is formally verifiable, human-readable, and Turing-incomplete, enhancing security and usability.
Kadena also incorporates AI-driven applications within its ecosystem. Projects like KadenAI focus on integrating AI-powered enhancements into NFTs and metadata generation, while Skope AI provides AI-assisted transaction analysis, smart contract auditing, and trading insights.
The maximum supply of KDA is fixed at 1 billion tokens, which will be mined over 120 years.
KDA serves several key functions within the Kadena ecosystem:
- Transaction Fees: KDA is required to process transactions on the Kadena blockchain.
- Mining Rewards: Miners receive KDA for securing the network and processing transactions.
- Smart Contract Execution: Pact-based smart contracts require KDA for deployment and operation.
- Staking & Security: KDA is used to participate in network validation, contributing to blockchain security.
- AI-Powered Applications: AI-driven projects such as KadenAI and Skope AI enhance NFT functionality, transaction analysis, and smart contract auditing.