Kadena (KDA) is a utility token that is used to pay for calculations on the Kadena public blockchain.
Kadena Public Blockchain is a high-performance PoW system that incorporates the benefits of Chainweb technology. The Kadena platform combines public apps, private blockchains, and other compatible blockchains in one place. Traffic goes to high-speed equipment at the Kadena Center.
KDA is a token that is used as compensation for miners. Also, it is a fee that users pay for including their transactions in the block.
Applications that process transaction volumes on the Kadena high-performance scalable network execute smart contract code using the Kadena token. As more and more applications join or interact with the Kadena network, the number of smart contracts performed and the token utility will increase.
The main distribution of coins occurs through mining. There is a genesis block with distributions for investors, investors, and platform reserve. Existing coins can be:
- directly transmitted between users
- used to create new smart contracts,
- used to pay for the cost of gas when fulfilling smart contracts.
Kadena smart contracts are written in the Pact language.