What is Kadena?
Blockchain networks such as Kadena, Algorand, Corda R3, Polkadot and Blockstack have Ethereum as a common rival, and its slow but popular networks will speed up after the release of Ethereum 2.0.
According to the team's announcement, Kadena, a network developed by JPMorgan's in-house blockchain lab, has grown and is now capable of performing 480,000 transactions per second.
By comparison, Ethereum supports about 14 transactions per second in the current iteration, and the most popular network to date for distributed applications (dapps) struggles to support traffic.
The Kadena blockchain, which was separated from JPMorgan and became its own entity, relies on the same work proof mechanism as Ethereum, which computers issue to use their processing power to mine blocks.
Kadena claims he has achieved high transaction speeds by doubling the number of "braided chains" in the network to 20.
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