A new scalable blockchain that works on a proof of work (totally decentralized) consensus mechanism. The name of this blockchain is kadena. I certainly feel that this is the blockchain I was looking forward to. it has all the parameters which solve the blockchain trilemma.
- Highly Decentralized - PoW
- Highly Scalable
- Highly Secured
- Smart Contract enabled use Pact Languages
If we talk about taxonomies, there will be only 1 billion tokens mined in the next 120 years. The circulation supply of the KDA is 153,215,978 at the time of writing. If we see at the market cap of KDA, it is now 0.3 Billion which is quite less than other smart contract enabled blockchain projects such as Ethereum (420B), Solana (44B), Cardano (69B), Polkadot (43B), Binance smart chain (78B) and Terra (14B).
If you look at the Shib (of course shit coin with a huge number of supporter) which has a 14 B market cap has no sustainable use case and yet soaring at 14th position. If we assume KDA reach the same market cap as Shiba Inu, KDA will have to do 46x from now. The price of the KDA is now 2.3$ and the projected price would be 107$.
The advisor of the Kadena team is Dr Stuart Haber- The man whose cryptographic theory is used by Satoshi Nakamoto in the development of the Bitcoin blockchain. The big name in the House isn't it?.
Moreover, the Kadena blockchain solves the blockchain trilemma very easily. They are even supporting smart contracts with minimum fees.
Overall, I have found this project amazing but still do your own research before investing in it. This blog is just for educational purposes and not financial advice at all.