Will Martino

Kadena has built the framework for the first DAO, Decentralized Autonomous Organization, on its public blockchain called dao.init. As Kadena’s ecosystem continues to grow, the creation of a DAO will allow for the broader community to provide their input in a decentralized manner. The DAO will serve two purposes, 1) allow for the Kadena community to submit and decide on proposals that aim to advance the Kadena ecosystem and 2) establish a decentralized process that can govern the addition of new features to the Kadena platform itself.

On January 15 2021, Kadena celebrated its one-year anniversary of the public launch of the Kadena Public blockchain platform, the only sharded, scalable Proof-of-Work smart contract platform that can meet the demand of true industrial-scale operations on a blockchain. It’s a good time to review the token economic model that drives the network, and we’re happy to announce that we’ve revised our platform emissions schedule to address inflation while still enabling us to provide economic infrastructure to drive growth.

As part of our ongoing work with the Polkadot team, our lead language engineer Emily Pillmore developed an exciting long-term approach to extend the benefits of Pact to the Polkadot community while also furthering Pact as the standard for smart contracts Pact Core. With Pact Core, Polkadot or any WASM-compatible platform can natively execute Pact smart contract code with the help of a minimal interpreter installed directly on-chain.

The biggest impediment to the broad adoption of decentralized applications (dApps) is the requirement that participants onboard to a cryptocurrency first. As a consequence, interested parties often do not adopt because the ‘sign up’ or ‘create an account’ flow involves learning about wallets and keys. Then, participants find that they need to purchase tokens to pay for gas, which leads them to try to understand exchanges. By this point, it is understandable why the average participant already wants to give up. Overall, the contemporary dApp user journey is closer to about as painful as opening a bank account when it needs to be as simple as signing up for Instagram.

Learn more about our easy provisioning and formally verified smart contracts on Microsoft’s cloud platform.

On the difference between public and private blockchains. Bitcoin’s mining mechanism is a masterstroke of algorithmic design, enabling a scalable Byzantine Fault Tolerant (BFT) consensus by achieving a specific balance of incentives. As a reminder, mining-based blockchains like Bitcoin are public anyone can become a miner simply by downloading the software and firing it up.

How Kadena’s stack turns cost centers into revenue generators. Kadena is uniquely positioned in the blockchain ecosystem; we provide a complete blockchain stack allowing entrepreneurs and developers to use both permissioned and permission-less (private and public) blockchains to unlock new sources of revenue.