Kadena (KAD)

Kadena offers own platform and smart contract language designed for business.

Whitepaper

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What is Kadena

Chainweb?—?Kadena’s “massively-parallelized public blockchain platform” will utilize the Chainweb Protocol as its consensus mechanism.

Every single chain will produce Kadena’s tokens, and Chainweb’s protocol will ensure that the same coin cannot exist on two chains at the same time.

Chainweb will use a Simple Payment Verification (SPV) to delete coins that are sent to another chain before being created on the receiving chain.

Chainweb’s parallel network model maintains security without using side chains or only using specific part of a blockchain to process a large number of transactions. Kadena’s tests found an extremely high level of security with their proposal, which intends to produce roughly 1,000 different chains eventually for public use.