Kadena is a blockchain that uses the Proof-of-Work (PoW) consensus mechanism but offers greater scalability through directed acyclic graph (DAG) technology. This gives the Kadena network far higher throughput than conventional PoW blockchains, including that of Bitcoin.
The Kadena blockchain can support smart contracts, is highly energy efficient, operates with extremely low transaction fees and offers superior security and scalability to developers and users. It offers comprehensive decentralized infrastructure for enterprises to develop solutions on, with capabilities 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 get them recorded into blocks.
Kadena has an edge over its competitors as it merges the security of PoW blockchains with industrial scalability, giving it the power to support real world financial systems and applications. It is also used by consumers to pay transaction fees within the ecosystem.
