What Is Kadena?
Kadena is a unique Layer-1 Proof-of-Work blockchain. It operates on Layer H, the Human Layer. This innovative technology transcends conventional Layer-1 and Layer-2 blockchains, enabling developers to solve real-life problems effectively.
Background
Kadena was founded by Stuart Popejoy and William Martino, who previously led JPMorgan’s Emerging Blockchain group and served on the SEC’s Cryptocurrency Steering Committee, respectively. The duo left JPMorgan in 2016 after creating the bank’s first blockchain, now known as JPM Coin, to launch Kadena and develop what is now known as Chainweb and Pact.
How It Works
Kadena combines sharding with Proof-of-Work to form a unique layer-1 blockchain. Unlike Proof-of-Stake sharding techniques, which typically adopted the hub and spoke models, Kadena’s sharding architecture forms a web of chains known as the Chainweb. This allows many Proof-of-Work chains to run in parallel without diluting the network’s overall security.
Key Takeaways
- Kadena is a unique Layer-1 Proof-of-Work blockchain.
- The technology operates on Layer H, the Human Layer, which transcends conventional Layer-1 and Layer-2 blockchains.
- Founders Stuart Popejoy and William Martino previously led JPMorgan’s Emerging Blockchain group and served on the SEC’s Cryptocurrency Steering Committee, respectively.
- They left JPMorgan in 2016 after creating the bank’s first blockchain, now known as JPM Coin, to launch Kadena and develop the Chainweb and Pact.
- Kadena combines sharding with Proof-of-Work to form a unique layer-1 blockchain, allowing many Proof-of-Work chains to run in parallel without diluting the network’s overall security.
