Company JP Morgan recently announced the launch of a new hybrid platform blockchain named Kadena, which will ultimately improve the entire investment process.
The turn towards this type of solutions can be considered as a sign of the growing demand for them, and itself Kadena will cause quite a stir, as evidenced by the number of media reports about it.
Kadena is a new hybrid platform blockchain, launched by JP Morgan.
The main assumption of the project is to improve the connection of public and private block chains, which is particularly important for companies in the financial industry.
This solution will allow better control of the flow of information on transactions carried out.
Kadena blockchain also provides greater data protection, which can only be shared with certain users, while registering transactions in the public blockchain.
This solution allows you to use the performance of blockchain technology, without the risk of customer data leakage.
The programmers responsible for the implementation of the project, in an official media communication, also pointed to the need to improve speed, scalability and increase the level of security.
By implementing the above functions, Kadena Blockchain provides its users with additional functionality. The platform is able to process 750 transactions per second while Bitcoin, implements about 7 per second.
The Kaden platform has been tested for many months as a project called chainweb.
The official launch of the Beta testing phase was in November last year. The tests came out positive and the platform name was officially changed to Kaden.
Not just blockchain
Kadena is not only a public blockchain, but also private networkwhich is called Kaden Kuro, and the main purpose of creating such a tool was to protect confidential data.
Initially, the network was to be named ScalableBFTHowever, it was finally changed in terms of the marketing coherence of the entire project.
Another advantage of the new solution is the simplified process extraction tokens. KDA token it is now much easier to mine than standard tokens Proof-of-Work, which include Bitcoin.
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An intelligent part of the Kadena ecosystem is also intelligent contract portfolio chainweaver. It is an open source application that provides users with trouble-free trading of tokens.
For now, it is still difficult to determine Kadena's success or failure.
Hybrid block chains are an innovative solution that testing is just beginning, so you need some time to predict all real opportunities and threats.
Nevertheless, Kadena has already attracted the attention of recognized investment companies, such as for example Devonshire Investments.