What is Kadena (KDA)?

Kadena is a blockchain combining Bitcoin’s Proof-of-Work (PoW) with Directed Acyclic Graph (DAG) principles to offer industrial scalability and unparalleled security. In other words, it provides Bitcoin-level security with better scalability and throughput.

KDA is the native token of the Kadena blockchain, with a total supply of 1 billion. Its holders can use it to pay for gas fees on Kadena. The miners involved in its PoW consensus also receive their mining reward for producing new blocks in KDA tokens. It does not have a fixed maximum supply, but the token emission rate keeps decreasing with time. The entire emission will last over a period of 100 years.

The Kadena project was founded by Stuart Popejoy and William Martino, the creators behind JP Morgan’s first blockchain, Onyx.  One of its advisors is Dr. Stuart Haber, one of the most cited authors in Satoshi Nakamoto’s renowned 2008 Bitcoin whitepaper.

How Does Kadena (KDA) Work?

Kadena combines two separate consensus approaches to get the best of both worlds. DAG (Directed Acyclic Graph) and PoW (Proof-of-Work) are consensus technologies. This combination allows Kadena to braid different chains together to achieve unparalleled scalability without compromising security. In other words, Kadena offers not one but several different blockchains that can work simultaneously and asynchronously to validate the transactions. Since Kadena can mint multiple blocks, it can offer higher throughput to institutional and individual participants.

In fact, Kadena can scale as required by the needs of its users. However, the process is not automated and robust. Once the network faces congestion issues and rising fee prices, miners form a DAO to reconfigure the network size. Those who volunteer in this decision-making get incentives.

Apart from its unique consensus mix, Kadena uses a chain architecture called Chainweb to unite its different proof-of-work blockchains. Every chain confirms the blocks of its three peer chains in this architecture. It helps Kadena achieve the same transaction history across chains. So, an attacker would be required to fork all running chains to attack just one, giving Kadena an edge over its counterparts. With Chain Web architecture,

Kadena can scale to over 50,000 chains.

Kadena uses Pact, a unique smart contract language, to simplify the development and deployment of Smart Contracts. Unlike Ethereum’s Solidity language, which caters to developers, Pact lowers the technical barrier by providing human-readable codes. It stores codes directly on the blockchain so humans can easily read them. Pact also facilitates automatic bug detection and exploit protection.

How to Buy Kadena (KDA) in India?

There are many platforms where you can invest and Buy Kadena coin in India.

One such platform is Flitpay. To buy Kadena (KDA) in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy KDA crypto and execute the purchase.

You can instantly convert your Kadena (KDA) to INR and INR to Kadena (KDA) and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Kadena (KDA)?

KDA can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the KDA till it reaches a high price, and then sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is Kadena (KDA) coin?

KDA is the native currency of the Kadena blockchain network. It can be used for value transfers, paying transaction fees, and deploying smart contracts on the Kadena blockchain. Kadena users also get occasional rewards for participating in the KDA tokens. They can use their holdings to secure more passive rewards, too.

What is the Kadena (KDA) price in India?

Check out the INR price of Kadena crypto in India today on Flitpay.

Which is the best crypto exchange in India to buy Kadena (KDA)?

Flitpay is the best cryptocurrency exchange in India to buy KDA, buy Pixels, or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

How to buy KDA coin in India?

You can easily buy Kadena (KDA) in India on the safest crypto exchanges like Flitpay, with the lowest fees.

To buy Kadena (KDA) coin in India:

1. Register on Flitpay and create an account.
2. Verify your identity through Know-your-customer (KYC)
3. Add INR or Fiat currency, corresponding to the amount of KDA you want to buy.
4. Instantly buy Kadena (KDA) with the deposited funds.

What are the benefits of Kadena (KDA)?

Kadena (KDA) combines Bitcoin’s Proof-of-Work (PoW) with Directed Acyclic Graph (DAG) principles, offering Bitcoin-level security with superior scalability and throughput. KDA, the native token, is used for gas fees and mining rewards. The unique Chainweb architecture braids multiple blockchains to hit unparalleled scalability while making it highly attack-resistant. Kadena’s smart contract language, Pact, simplifies development with human-readable code and automatic bug detection, lowering technical barriers. All these make it a standout project for those looking for something that can give Bitcoin-type security while maintaining scalability.

Is it safe to invest in Kadena (KDA) in India?

Yes, investing and trading KDA is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying KDA crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw Kadena (KDA) crypto in India?

Your search for secure crypto deposits and withdrawals ends here. Flitpay is India's most trusted exchange to facilitate hassle-free and Instant deposits and withdrawals of all the top cryptocurrencies with minimal or no fees.