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What is Kadena (KDA)? How to buy Kadena Crypto in India?

What is Kadena (KDA)? How to buy Kadena Crypto in India?

Snapshot:

  • What is Kadena (KDA)?
  • Who are the founders of Kadena? 
  • How does Kadena work?
  • Key Attributes of Kadena 
  • How to buy Kadena (KDA) in India 

What is Kadena (KDA)?

Kadena is a scalable proof of work blockchain that offers the Direct Acyclic Graph of Bitcoin. It is an enterprise blockchain that offers security like Bitcoin’s without compromising on scalability. Kadena is energy efficient and offers higher throughput even though its consensus mechanism is PoW. The ecosystem offers virtually free gas and smarter contracts that make development easy.

Who are the founders of  Kadena?

Kadena was founded by Stuart Popejoy and Will Martino in 2016. Popejoy and Martino have worked at JP Morgan. Both founders collectively have a great understanding of blockchain. Stuart led the Emerging Blockchain Group at Morgan. 

Martino was the Lead Engineer for JPMorgan’s blockchain prototype Juno.  He also led the Securities and Exchange Committee’s Cryptocurrency Steering Committee and Qualitative Analytics Unit.

Dr Stuart Haber one of the key members of Bitcoin technology is also one of the core members of Kadena. He is also the most cited Bitcoin Whitepaper author. 

How does Kadena work?

The core technology of Kadena is the Pact – simple and safe smart contract language. Kadena offers a suite of developer tools including a smart contract IDE that outlines the reasons for bugs in the code. Creating dApps on Kadena is fairly simple. Anyone who wants to build on Kadena can simply read through the developer documentation to write a smart contract. The platform also offers dApp templates for quicker project completion. In addition, Kadena has also established gas stations for businesses to fuel as they reach a larger audience. 

Key Attributes of Kadena

Safer smart contracts

Pact makes smart contract designing easy as it automates bug testing which makes the job of a developer 100 times easier. 

No-cost transactions

Kadena has installed gas stations for businesses for easier blockchain adoption. With less to no transaction fee, scaling a blockchain-based application makes delivering value creation easier for the business. 

Energy-efficient at scale

Kadena is a blockchain designed for larger enterprises that have a large number of traction. Kadena blockchain can take 8000 transactions per second. 

Proven security

Designed by industry experts who have built financial systems in the traditional and blockchain industry to offer a blockchain designed for Industrial scalability.

What sets Kadena apart? 

Kadena is one of the very first blockchains to devise a solution based on Bitcoin’s DAG and works on a Proof of Work consensus mechanism that can scale effectively and offer a great throughput of 8000 transactions per second. The blockchain also offers superior developer experience with an array of easy-to-use tools and product documents that can help developers ship dApps in less time.

How to buy Kadena (KDA) in India 

 Use this three-step process to buy your first Kadena using the CoinDCX crypto investment app

  • Sign Up for the CoinDCX account: Enter a valid email address and a user name on the sign-up page. Once the Email Id has been verified, set a strong password to secure your account.
  • Verify the account: You need to complete your KYC, to buy KDA on the CoinDCX platform. All you need to do is upload the documents and your account will be set up in 15 minutes.
  •  Buy KDA: After the account has been verified, you can deposit any amount of fiat currency you are comfortable with and start your crypto journey!
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