What is kadena?kadena was listed on Binance
Can a coin that is not even in the top 10 in the coinmarketcap ranking surpass Solana? This is very hard to predict but if anyone were to pass it would definitely be KADENA! TPS value is the most important feature that brings SOLANA to its current position. Kadena, on the other hand, has 10 times more than that. Let's see if we can say "new SOLANA" for KADENA.
I will talk about the technical features of KADENA, its team, partners, mining, market value and potential of KDA Coin. I want to underline that nothing I will tell here is an investment advice. Let's start with the first the question what is KADENA?. Kadena is an ecosystem, just like Ethereum, Avax, Solana etc. It works with the Proof of Work system. so it's similar to Ethereum and Bitcoin in this part, proof based on computing power. We will come to the part about mining in a little while. Yes, decentralized, reliability and scalability. These are concepts that we are used to hear in the entire ecosystem. They all go this way, we know that.
There is a reason why we compare Kadena to the new Solana, it's about TPS. In other words, when comparing the number of transactions per second, Kadena's TPS value is 480,000, which is about 10 times faster than Solana, which is 5 times the closest competitor with a phantom and has a capacity of 50,000 transactions per second. They say that with the 19 crosschains and layer 1 + 2 which they they use, this TPS value can even reach millions. So who says? Who is behind this project? That's the trickiest part of the job. Before KADENA was founded in 2016, Stuart Popejoy led JPMorgan's Emerging Blockchain group. You know, JPMorgan is one of the companies that owns the most bitcoins.
The other co-founder, Will Martino, was the Technical Leader of the SEC's Cryptocurrency Steering Committee. If you're a Kadena investor or are considering becoming one, it might be a hobby for you to examine the rest of the team. A team of experts in their fields with full academic careers. Among the companies it works with are CELO, COSMOS; In addition to the ecosystems such as POLKADOT, FLUX, etc., there is Ledger, most important one. As you know, Ledger is the market leader in its field, it produces cold wallets as usb memory sticks, and Ledger does not work easily with a blockchain. This is a huge plus for kadena. Let's come to the mining part, since proof of work is required based on processing power, mining can be done with a video card or with miner devices we call Asic. The Goldshell KD6, which is mined by KDA and produced with state-of-the-art chips, has recently gone on sale. This device retails for $25,000. A sub-model, the KD5, is out of stock in most places, but there are still some places on sale. however, they have increased their prices too much and this device, which scrapes an average of 13 KDA per day, can pay for itself in an average of 15 months with the current price of KDA. Around 2017-2018, Asic miner devices would pay for themselves in an average of 5-6 months.
Let's come to the situation of the KDA coin. KDA coin is currently $1.40 So is this price cheap or expensive? To understand this, let's interpret the supply by looking at the market order. It has a circulating supply of 184 million units against a maximum supply of 1 billion units. So 18% is in circulation. Maximum supply doesn't matter much in blockchains, most of them already have unlimited maximum supply. Kadena's maximum supply is already set to be completed after 120 years. Since it is proof of work, there is no problem of trust in this regard. It is 99th in the market ranking. I can say that it is very low for a project that has its own blockchain, consists of a solid team in terms of both technical and investor power, and whose partners are such strong. The only drawback is the possibility of regulation in the EU for proof of work coins, which may have high energy consumption in the future. Other than that everything is great. It was listed on the Binance exchange in the past months, but it was not reflected in the price as the market entered the bearish curve. Then we entered the Bear season and, like every project, the price of Kadena dropped. KDA, which was sold to the market for $ 1 from the pre-sale, increased to $ 24 in November last year, and then fell back to its current price with the decline process. It would not be a utopian prediction to say that Kadena will exceed the $200 level in the next bull season. We have experienced all these rises in Avax and Solana. It is not possible to give a clear date for when the bull season will come, but I can say that for this, we must first overcome the global crises we are in and enter a period in which all investors can breathe easily in terms of economy. This period may come when you least expect it. Because stock markets and markets are usually like that. As an investor, you should buy at the best price and wait calmly for a long-term investment. So be a good Hodler! In this process, if you do not like too much risk, if you want to guarantee your investment more and continue with small profits, you can take a look at the stock market tokens in this difficult process.
