JP Morgan’s blockchain spin-off Kadena has fully launched its public blockchain on January 15, making it the ‘Industry’s First Hybrid Blockchain Platform’. Kadena is a public chain primarily built for smart contracts. The features include full transactions and the ability to write smart contracts.
This public chain aims to be scalable and offer proof-of-work alternatives to secure the network as a whole. It is the first sharded (sharding) Proof-of-Work Layer 1 network to offer in the market.
This new ecosystem also consists of a wallet known as Chainweaver. That wallet is now integrated with the Cosmos Network, allowing for interoperability between different distributed ledger systems.
Additionally, Kadena’s hybrid blockchain supports interoperability using Pact, the firm’s open-source smart contract programing language. Reportedly, this hybrid blockchain can process 750 transactions per second, while Bitcoin and Ether are capable of processing only 7 and 15 transactions per second, respectively.
As per a report, all of the services should be fully up and running by late March 2020.
What's Your Reaction?
A keen researcher who believes in enriching her knowledge. For Shuhada, the crypto world intrigues her sense and offers plenty of high delicious 'crypto cuisines'.