About Kadena
Kadena is a proof-of-work (PoW) blockchain network built to provide developers an environment in which to create and deploy highly optimized decentralized applications (dApps).
Launched in 2019 by former JP Morgan executives Stuart Popejoy and Will Matino, Kadena’s design initially drew comparisons with the Ethereum network. However, the Kadena network has faster transaction speeds, with an average transaction rate of about 1.5 seconds as. Kadena aims to offer users better scalability at lower transaction costs, and has a specific utility that makes it a potential option as a network for an NFT marketplace.
Kadena is powered by KDA, its native token. KDA is used for payments on the independent Kadena network, as well as for rewards to nodes that work to validate transactions and secure the network in the PoW blockchain consensus model. Kadena price is updated and available in real-time on Binance.