Buy Kadena (KDA)
What is Kadena?
Kadena is a Layer 1 blockchain ecosystem designed to offer high scalability, security, and energy efficiency. It combines Bitcoin's Proof of Work consensus mechanism with directed acyclic graph (DAG) principles to create a more scalable version of Bitcoin. Kadena aims to support a wide range of industries and applications through its dual-layered blockchain system, which includes the public Chainweb and the private Kuro blockchains.
How does Kadena work?
Kadena operates on a unique multi-chain architecture that includes:
- Chainweb: A public blockchain using a braided structure of multiple chains running in parallel to enhance scalability and security. This architecture processes transactions simultaneously across 20 chains.
- Kuro: A private blockchain optimized for commercial use, featuring a Byzantine Fault Tolerant consensus method for faster transaction processing.
- Consensus Mechanism: Uses Proof of Work (PoW), similar to Bitcoin, but with enhancements for scalability and decentralization.
- Smart Contracts: Utilizes a native programming language, Pact, which is human-readable and designed for security and ease of use in developing blockchain applications.
What are the potential use cases for Kadena?
Kadena supports a variety of use cases across different industries, including:
- Decentralized Finance (DeFi): Enables tokenization, stablecoins, and lending applications.
- Supply Chain Management: Provides a transparent ledger for tracking goods and services.
- Asset Tokenization: Facilitates fractional ownership and increased liquidity for real-world assets.
- Secure Data Sharing: Enables confidential transactions suitable for industries like healthcare and customer care.
- Financial Industry: Enhances transparency, reduces fraud, and improves efficiency.
What is the history of Kadena?
Kadena was founded in 2016 by Stuart Popejoy and William Martino, who previously worked on blockchain initiatives at JPMorgan. Key historical points include:
- 2018: Raised $2.25 million in a pre-A financing round and expanded its advisory team.
- 2019: Launched its mainnet for public mining.
- 2020: Expanded Chainweb to 20 chains, introduced Kadenaswap, and made strides in DeFi.
- 2021-2022: Launched Kaddex, introduced grant program Kadena Eco, and launched wrapped KDA on Ethereum.
Throughout its evolution, Kadena has focused on creating scalable and secure blockchain solutions while expanding its presence in the blockchain industry.
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The information presented in this comparison table is for educational purposes only and is not an investment recommendation for your personal circumstances. Past performance is not an indicator of future performance.
The data points in this table are sourced as follows: ASX200 from Google’s ASX200 index price, Gold from ABC Bullion’s website (abc bullion.com.au), and BTC from CoinGecko (coingecko.com.au). All data is recorded at 10 am AEST on the first day of each calendar month.
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Frequently Asked Questions (FAQs)
What is the current price of Kadena (KDA)?
The Kadena price is $1.5663 AUD, representing a -5% from the day prior.
Where is the best place to buy Kadena (KDA) in Australia?
The best place to buy Kadena (KDA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Kadena (KDA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Kadena (KDA)?
The trading volume of Kadena (KDA) is $21.9M AUD in the last 24hrs, representing a -5% from the day prior.
How can I buy Kadena (KDA)?
Kadena (KDA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Kadena (KDA)?
The current market cap of Kadena (KDA) is $469.0M AUD.
Can I convert Kadena (KDA) to cash?
Yes - With Coinstash you can convert your Kadena (KDA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Kadena (KDA) are there?
The current circulating supply of Kadena (KDA) is 301.5M.
Is Coinstash a safe place to buy Kadena (KDA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Kadena (KDA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.