Kadena
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Kadena

Kadena Releases Mainnet Mining and Announces Token Sale

Kadena’s mainnet is now fully accessible for public mining. The release provides miners with the opportunity to solve blocks on Kadena’s public blockchain. People can also watch the mining of the parallel chains through Kadena’s Block Explorer, a tool that allows for tracking in real-time.

“Since the inception of Kadena, we’ve maintained the vision of getting tech problems out of the way of blockchain adoption,” said Will Martino, CEO and Founder of Kadena. “We address scalability and security, and yet these are just the hurdles that exist today. Tomorrow will bring new challenges, and Kadena will be there to solve them.”

The usability of our public blockchain, paired with the scalability of our private blockchain, realizes Kadena’s goal of a hybrid network designed for interoperability and security. Our network — built on the proven stability of Proof of Work and the ease of the Pact smart contract language — delivers an ecosystem that other blockchains are just beginning to build.

Read on to learn the details of the mainnet mining release, the announcement of our token sale, and Kadena’s Block Explorer.

Delivering the Blockchain of Tomorrow, Today

It’s easy to mine the Kadena public blockchain. Run a full node and use our dedicated mining client. Please refer to our Chainweb Wiki and our FAQs for help with mining. You may also join Discord to ask questions.

Kadena’s public blockchain will continue using a Proof of Work consensus mechanism. Proof of Work allows Kadena to build upon the success of Bitcoin and addresses the known challenges of speed and scalability by using parallel braided chains.

Additionally, Kadena verifies the legitimacy of transactions, prevents double-spending, and rewards miners for the computational effort associated with each block solved. To encourage steady growth of the network, Kadena’s public blockchain will continue to use Blake2s as its primary hash function and support CPU mining. As a best practice, miners are encouraged to run a node on a personal, public IP address.

The majority of the coins in the Kadena economy are mining rewards because the network relies on decentralized mining for functionality and growth. Miners receive block rewards for validation/production of blocks. The block reward will be in the platform’s native cryptocurrency, Kadena (KDA). Miners will also be able to receive KDA as transaction fees or gas payments for the execution of smart contracts. The minimum fractional unit of KDA is a “Hop,” a trillionth, named after Grace Hopper.

For more information on Kadena’s token economics, read a breakdown of the network’s allocations.

Kadena Token Offering: Live on CoinList

LEGAL DISCLAIMER: Our lawyers require us to tell you the following.
THIS IS NOT AND IS NOT INTENDED TO BE AN OFFER AND SALE OF SECURITIES. IF YOU ARE INTERESTED IN PARTICIPATING IN THE TOKEN SALE DESCRIBED BELOW, ALL INFORMATION, DOCUMENTS, AND DETAILS CAN BE ACCESSED THROUGH www.coinlist.co/kadena (THE “OFFICIAL SITE”) INCLUDING THE DEFINITIVE OFFERING DOCUMENTS AND INSTRUCTIONS ON HOW TO EXPRESS YOUR INTEREST IN THE SALE AND COMPLETE THE REGISTRATION PROCESS. THE OFFICIAL SITE IS THE SOLE SOURCE OF INFORMATION REGARDING THE OFFERINGS. DO NOT RELY ON ANY OTHER SOURCE OF INFORMATION REGARDING THE OFFERINGS OTHER THAN THE OFFICIAL SITE.

Kadena is already delivering features today that other blockchains have only begun to include on their roadmaps, including Formal Verification, interoperability, scalability, and more. The journey started with Kadena’s founders creating JPMorgan’s first blockchain, which laid the groundwork for Kadena’s smart contract language, Pact. Pact is open source and was designed with ease-of-use in mind for both developers and business professionals.

We’ve released Pact 3.1 and received a grant from the Interchain Foundation to implement Kadenamint for the Cosmos ecosystem. Along the way, we’ve appreciated the feedback from our community. Now, we offer an invitation.

Kadena’s token sale will go live on CoinList starting November 5th at 12:00 PM PST. Registration has already begun. To participate in the token sale, visit coinlist.co/kadena.

CoinList is currently the sole authorized partner to issue Kadena coins. Kadena will only communicate through official channels (our website, emails from kadena.io, and the social media links at the bottom of our site). Beware of phishing and scam attempts.

Create Your Own Smart Contracts with Our Testnet Portal

Our Testnet Portal is a one-stop shop where you can download our testnet wallet, get testnet coins, play a game, and have fun interacting with our blockchain!

Get Coins (Kadena Testnet Faucet)

The Testnet Faucet allows you to create, fund, and check the balance of your account. This is also a great way to get started interacting with our blockchain by creating and testing your own smart contracts before the December launch of our hybrid blockchain platform.

Roll the Dice with Pacty Parrots!

A fun way to interact with and see all the features of our blockchain without writing any code is by playing our Pacty Parrots Game. Play to see if you land on a Guy Fieri to win the jackpot! The game does not use any form of currency and is solely for recreation.

Takeaways:

  • The signing API simulates exactly how signing for transactions is going to work in Kadena’s public blockchain through our testnet wallet
  • The wallet showcases the ease of using our pact-lang-api to read and write data from a Pact smart contract

Check out the repo to Pacty Parrots here.

Explore Blocks in Real-Time with Block Explorer

Along with the release of mainnet comes Kadena’s Block Explorer, a new tool that allows miners to navigate the public blockchain. Miners can view blocks getting added in real-time while exploring the blocks for key details such as block height, PoW Hash, neighbors, and payload.

Rebranding of Some Kadena Products

The continuing development of our blockchain platform brings new names for some of our products. Our private blockchain, originally referred to as ScalableBFT, will now be known as Kadena Kuro. Our public blockchain, which began as Chainweb, has been simplified to just Kadena or Kadena’s public blockchain.

There’s more to look forward to on Kadena’s roadmap before the year ends, including the full launch of Kadena’s hybrid blockchain platform. Keep in touch with Kadena through Discord or by following announcements shared on Twitter and Medium.

We’re also on: Twitter | Linkedin | Github| Reddit| Discord

PLEASE BE AWARE: Corro LLC, Kadena Public LLC, and Kadena LLC are not responsible for, have not approved, and have not been involved in any pre-trading, funding pools or reselling of Kadena tokens. Any and all the details of the Kadena public sale will be announced through our official website, official social channels and should be the sole source of information. PLEASE DO NOT RELY ON ANY OTHER SOURCES OF INFORMATION.

Please ensure extreme care and due diligence in all matters regarding token purchasing and ownership. We are not responsible or liable for any loss of funds or other issues arising from actions taken by third parties, bad actors or your negligence.

The information provided on this website includes forward-looking statements that involve risk and uncertainty including as to (a) development and performance of the platform including as to scalability and security; (b) the ability to achieve, and timing of, a public launch; © the potential uses of the platform and Tokens and whether applications will be built to run on the platform and create demand for the Tokens; and (d) the application of federal, state and foreign laws and regulations, including with respect to whether this Offering or the Tokens might constitute a “security” and restrictions on the offer, sale, resale, use or trading of Tokens. Such statements reflect our beliefs, opinions and positions that we believe are appropriate under the circumstances and that are designed to help you understand our current thinking. No representation or warranty is intended as to these forward-looking statements and they are not guarantees of performance or results. By their very nature, these statements are subject to certain risks, assumptions, uncertainties and other factors and the actual results could differ materially from our statements. Do not place undue reliance on these forward-looking statements.

NEITHER THE TPA NOR THE TOKENS RECEIVED HEREUNDER HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR WITH THE U.S. SECURITIES EXCHANGE COMMISSION (THE “SEC”), AND MAY NOT BE ALLOWED TO BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE SUCH ACT AND QUALIFIED UNDER STATE LAWS, OR UNDER AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION AND QUALIFICATION REQUIREMENTS OF SUCH ACT OR SUCH STATE LAWS IS AVAILABLE.

NEITHER SELLER NOR ANY OF ITS MANAGERS, MEMBERS, EMPLOYEES, ADVISORS, ATTORNEYS, OR REPRESENTATIVES, NOR ANY OTHER PERSON ACTING ON BEHALF OF SELLER, MAKES ANY RECOMMENDATION TO YOU AS TO WHETHER TO PARTICIPATE IN THIS OFFERING AND PRE-PURCHASE TOKENS. NO PERSON HAS BEEN AUTHORIZED TO MAKE ANY REPRESENTATION OR PROVIDE ANY INFORMATION IN CONNECTION WITH THIS OFFERING. IF GIVEN OR MADE, SUCH RECOMMENDATION, REPRESENTATION OR INFORMATION MUST NOT BE RELIED UPON AS HAVING BEEN MADE OR AUTHORIZED BY US.

NO GOVERNMENTAL AUTHORITY IN THE UNITED STATES (INCLUDING THE SEC) OR ANY OTHER JURISDICTION HAS REVIEWED, PASSED JUDGMENT UPON, OR APPROVED THE TERMS OR MERITS OF THIS DOCUMENT OR THE ADEQUACY OR ACCURACY OF THE INFORMATION HEREIN.

NEITHER SELLER NOR ANY OTHER MEMBER OF THE KADENA GROUP WILL BE REQUIRED TO, NOR DO THEY CURRENTLY INTEND TO, OFFER TO EXCHANGE THE TPAS OR THE TOKENS FOR ANY SECURITIES REGISTERED UNDER THE SECURITIES ACT OR ANY OTHER LAW, OR REGISTER THE TPAS OR THE TOKENS FOR RESALE UNDER THE SECURITIES ACT OR ANY OTHER LAW. REGISTRATION UNDER U.S. SECURITIES LAWS OR OTHER LAWS OR AN EXEMPTION FROM REGISTRATION MAY BE REQUIRED IN ORDER FOR YOU TO USE, RESELL, TRANSFER, ASSIGN, EXCHANGE OR OTHERWISE DISPOSE OF THIS TPA OR THE TOKENS.

Neither the TPA nor any Tokens is being registered in any jurisdiction outside of the U.S. and this Offering is not being offered and will not be sold to any Person residing in the State of New York, People’s Republic of China (not including Hong Kong and Macau special administrative regions and Taiwan), Vietnam, South Korea or any other jurisdiction where the offer or sale would violate applicable laws or would require us to obtain a license, permit, approval or other registration or other qualification that we do not possess at the time of the Public Launch (collectively, the “Disqualified Jurisdictions”).

Investment in the TPA and the Tokens involves a number of significant risks. The risk factors described in the TPA are not all the risks that you may face when investing in the TPA or the Tokens, and you should use them only as guidance. Additional risks and uncertainties regarding the TPA, the Platform and the Tokens that are currently unknown to us, or that we currently deem immaterial, may individually or cumulatively have a material adverse effect on our ability to develop or launch the Platform or issue or sell the Tokens. You should carefully consider those risks and perform your own diligence and analysis before participating in this Offering and agreeing to purchase the Tokens. Certain of those risks could materially affect our ability to launch the Platform and sell the Tokens, or the value or use of the Tokens before or after any Public Launch. You could lose all or part of the amount you paid under this TPA.

YOU ASSUME ALL RISK AND LIABILITY FOR THE RESULTS RELATED TO THIS TPA AND THE TOKENS, REGARDLESS OF ANY ORAL OR WRITTEN STATEMENTS MADE BY US, BY WAY OF TECHNICAL ADVICE OR OTHERWISE, RELATED THERETO. THE RISK OF LOSS IN BUYING, HOLDING AND TRADING DIGITAL ASSETS AND RIGHTS THEREIN, INCLUDING THE TOKENS, CAN BE IMMEDIATE AND SUBSTANTIAL. THERE IS NO GUARANTEE AGAINST LOSSES FROM PARTICIPATING IN THE OFFERING. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING OR HOLDING TPAS OR CRYTPOCURRENCIES IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.

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