Kadena’s Bold Move into Blockchain

On January 15, Kadena proudly unveiled its public blockchain, officially announcing itself as the provider of the “industry’s first hybrid blockchain platform.” This initiative, stemming from JPMorgan’s blockchain efforts, signals a significant advancement in blockchain capabilities. The hybrid system incorporates both a public chain and a private network—basically a blockchain party that can both socialize and keep secrets!

What’s Under the Hood?

Kadena’s hybrid solution is not just another blockchain; it’s the first sharded Proof-of-Work Layer 1 network. You heard me right! This means it has the capability to handle a whopping 750 transactions per second (yes, you read that correctly)—far outpacing Bitcoin and Ether, which manage just 7 and 15 transactions per second respectively. Talk about a speed demon!

Seamless Integration: Public Meets Private

According to co-founder Stuart Popejoy, the new platform marks a crucial turning point in unlocking blockchain’s full potential. Kadena’s systems enable the integration of both private and public networks, which means users can have their cake and eat it too. This blend enhances functionality and security while reducing limitations typically seen in other blockchain technologies.

Pact: The Gateway to Interoperability

One unique aspect of Kadena’s hybrid blockchain is its open-source smart contract programming language, Pact. This allows for easy interfacing and interoperability with other systems. If you ever found smart contracts confusing, fear not; Kadena is here to simplify everything, with a bit of humor thrown in along the way.

Scaling and Future Plans

While Kadena has opted for a modest launch with just 10 chains, the potential for expansion is enormous. The founders foresee scaling up to a staggering 100 chains by Q2 2020. Martino explains that such a careful rollout ensures that users can understand the groundbreaking capabilities Kadena brings, rather than being overwhelmed by too many chains at once. And let’s face it, no one likes a party crasher!

A Glorious History

Launched in 2016, and with a $15 million fundraising round under its belt, Kadena has consistently aimed to outdo competitors like Ethereum while tackling PoW scalability issues that Bitcoin faces. With their innovative approach and experienced team, including JPMorgan alumni, it seems likely they’re on track to disrupt the blockchain world.