Kadena Completes Hybrid Blockchain Scaling to 480,000 Transactions Per Second on 20 Chains
Company concludes monumental upgrade to the world’s first sharded Proof of Work layer-1 blockchain for the scale required of institutional and retail applications
NEW YORK — Aug 20, 2020 — Kadena, the first blockchain technology company to come out of J.P. Morgan’s Blockchain Center for Excellence, today announced that its scalable layer-1 public blockchain has increased from 10 to 20 chains, becoming the fastest blockchain platform in the world. Kadena’s Chainweb public protocol functions through a braided, parallelized consensus mechanism, a unique architecture that boosts speeds while preserving the security of the Proof of Work consensus utilized by Bitcoin.
The company also announced that Kadena Kuro, the platform’s next-generation private blockchain, is now available completely free of charge and has been designated as a fully open-sourced project. Previously, Kuro Community Editions could be trialed on AWS Marketplace and Microsoft Azure with some limitations. Due to the increased developer demand for their smart contract language, Pact, as evidenced by collaborations with Polkadot and Cosmos, Kadena is making Kuro accessible to as many organizations as possible.
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