Today we’re going to talk about a project whose crypto has shot up over 1,000% in the last month but is still flying under the radar of most people in the crypto world! Kadena and their KDA token are absolutely crushing it right now and we’ve decided to look into the reasons behind this.
So let’s go back a little bit. Back to when proof-of-work blockchain networks were all the rage in the early days of cryptocurrency. That’s when Bitcoin set the standard for security and other projects followed suit in various attempts to offer a robust, scalable network that would either support payments or efficiently transmit data.
Most protocols have now shifted to proof-of-stake, but Kadena, a scalable layer-one blockchain protocol, is still operating on the old PoW model. According to the project, the network is capable of processing up to 480,000 transactions per second thanks to the use of “braided chains.”
Do you think all these development will keep propelling Kadena up? Or is it maybe time for a pullback? Let us know what you think in the comments!
Disclaimer:
Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.