Kadena (KDA) - a cryptocurrency from JP Morgan

Kadena it's a hybrid blockchain platformwhich is supposed to help during the entire investment process, not only in the field of the latest technologies. Investors believed in the project and continue to believe. The KDA cryptocurrency has increased by 12% in the last 10568,4 months.

We are continuing the cycle of the Forex Club portal in which we analyze and describe the largest, highest-valued, most interesting, most developing, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for the cryptocurrency that the company stands for JP Morgan. 

A giant that bets on cryptocurrency

When it was announced that one of the largest financial holding companies in the world with assets worth US $ 2,5 trillion, operating in more than 50 countries, would release its own cryptocurrency, many thought it was a rumor. Hardly anyone expected it JP Morgan, an institution that has always focused on traditional finances, will decide to take such a step. When it turned out that this was a fact, the media - not only in the industry - swarmed with information, interviews and analyzes. 

How Kadena works

The project is primarily intended to improve the connection of private and public blockchain networks. This is the biggest obstacle to the implementation of modern technology in the financial industry, focused - so far - on traditional banking. These worlds, however, intertwine more and more and it was the problems resulting from the adaptation of IT systems to this cooperation that decided to use JP Morgan. 

Thanks to the Kadena platform you can more precisely control the flow of information between private and public blockchains, which is extremely important especially in the financial industry, because it concerns specific transactions. 

The second advantage of Kadena is better data protection. However, this does not mean that access to them is difficult. It is possible to make a selected part of them available to selected users without losing control over others, which are therefore not better accessible to people outside the organization who have access to them. In short: making some of the data public does not change the security of the others, which will still remain protected and will not fall into the wrong hands. 

A network 100 times faster than Bitcoin

Transactions are logged on a public blockchain, but the details are not shared externally. This is the blockchain technology in all its glory: it provides all new solutions without increasing, or even reducing to a theoretical minimum, any leakage of customer data.

Kadena is also distinguished by the speed of transaction execution, with increased scalability. From the very beginning, it could process 750 transactions per second, which is ... 100 times more than Bitcoin. This is the result of several years of work and many months of testing carried out when the project was still called chainweb. Only when they were successful, the name was changed to a better marketing one. 

At the same time, a private network was also created Kaden Kurowhere sensitive data can be placed. Of course, there is no problem with connecting it to public blockchains without the risk of losing or taking over data. 

KDA cryptocurrency

Of course, Kadena also has its own cryptocurrency. The easy-to-dig KDA token allowed for quick network saturation. Of course, the fees in it are covered through it, so the growing popularity of the project and the interest in it by other companies and financial institutions translate into an increase in the valuation of KDA.

Kadena cryptocurrency quotes

As of November 16, 2021, KDA tokens can be traded on four Cryptocurrency exchanges. 124 of the target 138 units are in circulation. Each of them is valued at $ 431, which translates into a market cap of more than $ 1 billion. The peak of trading took place on November 000, 000, when USD 000 was paid for each KDA token.