A number of blockchain networks have been competing in 2021 to assist builders construct decentralized apps.
The competitors could additional warmth up in 2022. Solana emerged as the most important rival to Ethereum final 12 months, which made Solana’s SOL crypto among the finest performing belongings. Whereas Cardano, Polkadot and different excessive market cap blockchain networks often make information headlines, it’s time to look past.
One blockchain community, Kadena, is claiming to be like no different. Let’s know extra.
What’s Kadena?
Kadena permits builders to construct good contracts and different blockchain-based options like NFTs.
The platform was launched in 2016, and it claims to supply ‘nearly free’ transactions. Kadena boasts of its good contract language, Pact, which it claims can weed out bugs. Pact can be utilized by builders of their early blockchain initiatives because the language is alleged to be simple to undertake.
In contrast to most different blockchain platforms which can be rejecting the proof-of-work consensus, Kadena claims it makes use of proof-of-work to have Bitcoin-like safety for its community. Kadena can assist DeFi, exchanges, wallets and DApps.
Additionally learn: Is crypto dead & what is in store for blockchain in 2022?
Kadena crypto
Kadena has the native KDA crypto performing because the native token. KDA does for Kadena blockchain what Ether does for Ethereum community.
Customers should pay their transaction charge in KDA token, the full provide of which is mounted at one billion. It’s claimed by Kadena that KDA tokens could be mined over 120 years.
KDA crypto worth
KDA has a excessive market cap of almost US$930 million, which makes it one of many prime 100 cryptos by market cap.
The worth of KDA token is approx. 5.5 as of now, after having plunged over 10 per cent over the previous 24 hours.
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KDA crypto worth prediction
Solana, a significant Ethereum rival, rose considerably in 2021. The community is being utilized by builders to construct DApps. If Kadena blockchain can present comparable guarantees, KDA crypto could have a good likelihood to rise within the near-to-medium future.
Kadena crypto skilled a pointy rally in November 2021 and worth peaked to nearly US$25. In 2022 to this point, Kadena has constantly misplaced worth. Value may enter double-digit trajectory by the tip of first quarter, however for a sustained rally, Kadena blockchain must be adopted by extra builders.
Information offered by CoinMarketCap.com
Backside line
Ethereum’s dominance in blockchain and as a number one supplier of DApps providers is underneath menace. Similar to Ethereum, all different networks have a local token used for fee of charge. It’s claimed that gasoline charge in Ethereum is sort of excessive, and Kadena is among the networks claiming to be very inexpensive. KDA coin has utilization inside Kadena, and the value motion will largely be a product of demand.
