Kadena is a blockchain that utilizes the Proof-of-Work (PoW) consensus mechanism but offers greater scalability through directed acyclic graph (DAG) technology. This provides the Kadena network with significantly higher throughput compared to traditional PoW blockchains like Bitcoin.

The Kadena blockchain supports smart contracts, is highly energy-efficient, operates with extremely low transaction fees, and offers superior security and scalability to developers and users. It provides a comprehensive decentralized infrastructure for enterprises to develop solutions on, with the capability to power the Web 3.0 revolution.

KDA is the native digital asset that is mined on the Kadena blockchain. Miners who validate transactions and add blocks to the network receive rewards in KDA. Consumers who use Kadena have to pay in KDA to validate their transactions and have them recorded into blocks.

Kadena has a competitive advantage over its rivals as it combines the security of PoW blockchains with industrial scalability, enabling it to support real-world financial systems and applications. It is also utilized by consumers to pay transaction fees within the ecosystem.

The founding team of Kadena consists of Stuart Popejoy and Will Martino. Although Kadena was launched in 2016, its co-founders had previously collaborated on the creation of investment bank JP Morgans first blockchain, now known as JPM Coin.

Prior to co-founding Kadena, Martino served as the Lead Engineer on JP Morgans blockchain project and had experience with the US SEC, being a part of its Cryptocurrency Steering Committee and Qualitative Analysis Unit.

Meanwhile, Popejoy was the lead at JP Morgans Emerging Blockchain group before working with Martino on the development of Kadena.

In addition to the two co-founders, Kadena owes its development to Dr. Stuart Haber, who is famous for being the co-inventor of blockchain technology. Haber played an instrumental role in founding Kadena and is easily the most cited author in the original Bitcoin whitepaper.

Kadenas public blockchain, Chainweb, is a Layer-1 Proof-of-Work network that supports sharding for achieving scalability without compromising on security and integrity. In 2020, Chainweb expanded its network from 10 blockchains to 20, doubling its infrastructure's transaction processing speed.

Kadena is a platform that supports smart contracts and can be used to develop decentralized apps (dApps). As of April 2022, the Kadena ecosystem supports dApps across popular categories, including DeFi, gaming, NFT, enterprise, infrastructure, and custody.

Kadenas blockchain can also be utilized for conducting digital transactions. Users can send and receive payments using the KDA coin with minimal transaction fees and fast processing times.

The KDA cryptocurrency is also a popularly traded digital asset, enjoying high levels of liquidity and trading volume on leading cryptocurrency exchanges. This makes Kadena an interesting crypto asset to invest in for both retail and institutional investors. We recommend reviewing the latest Kadena price and market cap data and staying updated with the latest crypto news before trading this crypto.

➢ What are the First Steps to Mine KDA?

If you wish to mine Kadena, it helps to start by researching the official website and block explorer to learn more about its potential. You need a wallet which can support KDA coins before getting started.

➢ What Mining Equipment is Needed for Kadena?

Invest in an ASIC miner to start mining Kadena. Do note that you cannot mine KDA using other kinds of mining equipment.

➢ How to Set Up Your KDA Mining Equipment?

Configure your mining equipment to connect to the f2pool server to permit the Kadena network to record and monitor your mining hashrate and revenue.

➢ How to Start Mining KDA?

Once your machine is ready, you can start mining Kadena and receiving rewards from the f2pool server. Receiving a share of the revenue requires you to submit your hashrate successfully.

The developers of Kadena have fixed the max supply of KDA at 1 billion. Of these, 10 million KDA coins were burned at the time of Kadenas launch.

During the very first private token sale in 2018, 4.5 million Kadena coins out of their circulating supply were sold to raise $2.25 million in funding, based on the KDA price at the time. Following this round, another 17.2 million KDA from the max supply were sold in a second private token sale round to raise $12.9 million.

As of May 2022, the circulating supply of KDA coins stands at over 171 million. The mining operations can emit around 700 million Kadena coins from the total supply over a span of more than 100 years while the platform itself will offer up around 200 million over a period of nine years.

Kadena is one of the most secure and scalable blockchain networks utilizing the Proof-of-Work consensus. This gives it an upper hand over most of its peers especially from the perspective of commercial usability, a key strength that supports the Kadena price.

Kadena is also a promising investment to add to your portfolio as it offers the option of generating passive income through holding it and lending liquidity. On BYDFi, you can earn interest on your KDA holdings via our Crypto Lending feature by lending your Kadena coins for 7 days, 14 days or 28 days to earn interest.

KDA can also be mined to grow your holdings. While the process of mining can be expensive, rising adoption could send the Kadena price higher in the future, making its mining even more lucrative.

There are three main ways to get Kadena:

➢ How to Trade KDA on Crypto Exchanges?

Buy Kadena in exchange for fiat currency, other cryptocurrencies or stablecoins. You can simply convert a portion of your trading capital into KDA through this option and choose to hold or sell KDA based on its price action in the crypto market.

➢ How to Earn Interest on KDA Holdings?

You can lend liquidity to crypto exchanges and platforms using your Kadena holdings for a fixed period of time. Based on the level of demand, liquidity, 24-hour trading volume, KDA price statistics, and the duration you lock away your KDA coins for, you can earn attractive rates of interest.

➢ How to Mine KDA?

You can also grow your Kadena holdings by participating in mining. Reporting your hashrate successfully can give you the option to earn a percentage of transaction fees within the Kadena network as rewards for your efforts.