Kadena is one of the JPMorgan spinoffs focusing on blockchain technology. The company unveiled its public chain earlier this week, and launched a wallet service to boot.
Kadena is a public chain primarily built for smart contracts.
These contracts will be interoperable between its public chain and private chain aspects.
It is evident that big banks are also betting big on blockchain infrastructure for a wide variety of use cases.
This chain aims to be scalable and offer proof-of-work alternatives to secure the network as a whole.
This new ecosystem also consists of a wallet known as Chainweaver.
That wallet is now integrated with the Cosmos Network, allowing for interoperability between different distributed ledger systems.
When everything is said and done, all of the services should be fully up and running by late March 2020.
It is rather interesting to see this chain being public, as that is not what most people expected.
Even so, it has its own smart contact language, known as Pact.
This will allow third parties to develop services and products on the ecosystem in the future.
The hybrid DLT model will process 750 transactions per second, albeit the exact numbers might be slightly different.
More competition in this space is never a bad thing, albeit it remains to be seen how well Kadena’s system works.
Core Foundation has just announced a new partnership with Z Protocol, and it’s already getting…
Binance Wallet is quietly stepping into one of crypto’s fastest-growing sectors, prediction markets. According to…
As concerns around quantum computing and crypto security continue to build, Changpeng Zhao is stepping…
Bitmine Immersion Technologies, led by Tom Lee, is continuing to build aggressively on its Ethereum…
Something interesting just played out within the Ethereum space, and it didn’t take long before…
It’s becoming more obvious by the day that Ethereum is not slowing down anytime soon,…