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Kadena (KDA) is a cryptocurrency that runs on a unique blockchain designed to scale efficiently. It uses a Proof-of-Work (PoW) consensus algorithm but with a major innovation: a multi-chain system known as “Chainweb.” This setup allows Kadena to offer high throughput and low transaction costs, addressing the scalability challenges faced by other PoW networks.

The Kadena blockchain is designed to support business and enterprise use cases, such as tokenization, stablecoins, and decentralized finance (DeFi), with a particular focus on security and efficiency. The network’s native smart contract language, Pact, is designed to be secure, simple, and scalable.

The KDA token is used for transactions and smart contract execution within the Kadena ecosystem. As of November 2024, KDA is priced at around $0.71, with a market cap of around $212 million.