What is KDA used for?

KDA serves several key functions within the Kadena ecosystem: * **Transaction Fees:** KDA is required to process transactions on the Kadena blockchain. * **Mining Rewards:** Miners receive KDA for securing the network and processing transactions. * **Smart Contract Execution:** Pact-based smart contracts require KDA for deployment and operation. * **Staking & Security:** KDA is used to participate in network validation, contributing to blockchain security. * **AI-Powered Applications:** AI-driven projects such as KadenAI and Skope AI enhance NFT functionality, transaction analysis, and smart contract auditing.

Kadena

KDA

#862

$0.01209($0.00)

Key Stats

Market Cap$4.10M

Volume (24h)$74.45K

Fully Diluted Value$12.10M

Vol/Mkt Cap (24h)1.82%

Total Supply338.59M KDA

Max Supply1.00B KDA

Circulating Supply338.59M KDA

Launch Date2019-08-22

Block Number7,262,568

Block Reward0.91

Network H/s16292.40T

Kadena Information

Websites

www.kadena.io

Block Explorers

explorer.chainweb.com

Industries

Platform

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Instrument	Exchange	Benchmark Data	Price	24h Change
KDA-USDT KDA_USDT	gateio	A	0.01074USDT	35.47%
KDA-USDT KDAUSDT	coinex	C	0.01081USDT	33.76%
KDA-KRW kda_krw	korbit	C	12.01KRW	0.00%
KDA-USDT KDAUSDT	hitbtc	E	0.5000USDT	0.00%

About Kadena

Kadena (KDA) is a digital currency used for compute payments on the Kadena public chain. It serves as the transaction fee and mining reward within the network. Kadena aims to unite public applications, private blockchains, and interoperable chains, providing a high-bandwidth computer infrastructure. Smart contracts on Kadena are written in Pact, a user-friendly and verifiable language. KDA is used for transactions, staking, and accessing services within the Kadena ecosystem. The project was created by blockchain and technology experts, Will Martino and Stuart Popejoy, to address scalability and security challenges in the industry.

Frequently Asked Questions

KDA is the native cryptocurrency of the Kadena blockchain, used to pay for computation on the network. Similar to ETH on Ethereum, KDA is used to compensate miners for securing the network and to cover transaction fees.

Kadena is designed to support public applications, private blockchains, and interoperable networks, creating a scalable infrastructure for decentralization. It utilizes Pact, a smart contract language that is formally verifiable, human-readable, and Turing-incomplete, enhancing security and usability.

Kadena also incorporates AI-driven applications within its ecosystem. Projects like KadenAI focus on integrating AI-powered enhancements into NFTs and metadata generation, while Skope AI provides AI-assisted transaction analysis, smart contract auditing, and trading insights.

The maximum supply of KDA is fixed at 1 billion tokens, which will be mined over 120 years.

KDA serves several key functions within the Kadena ecosystem:

Transaction Fees: KDA is required to process transactions on the Kadena blockchain.
Mining Rewards: Miners receive KDA for securing the network and processing transactions.
Smart Contract Execution: Pact-based smart contracts require KDA for deployment and operation.
Staking & Security: KDA is used to participate in network validation, contributing to blockchain security.
AI-Powered Applications: AI-driven projects such as KadenAI and Skope AI enhance NFT functionality, transaction analysis, and smart contract auditing.

Kadena was created by a team of experienced professionals in the blockchain and technology fields. The project was initiated by Will Martino and Stuart Popejoy, who have extensive backgrounds in cryptography and blockchain technology. They sought to develop a blockchain platform that could address the scalability and security challenges faced by businesses.