Enter Kadena’s Chainweb EVM, a purpose-built execution layer to overcoming age-old constraints for blockchain developers. Kadena is committing $50 million in grants to developers. This funding will help establish an environment conducive to these types of big institutional applications becoming the norm. Chainweb EVM improves overall transaction processing speed by executing in parallel, delivering high throughput, ultra-low fees, and improved security.
Kadena’s Chainweb EVM is based on a braided proof-of-work architecture. This transactional design breakthrough allows transactions to be simultaneously executed across several chains. This design preserves the integrity of the model while greatly expanding throughput. On-Chain Finance Our goal at Kadena is to empower applications that are able to move the swiftest and heaviest teraflops of institutional capital.
In just three weeks since the launch of the testnet, more than 50 projects have already started building on Kadena’s new environment. The Kadena team is working hard every day to get ready for mainnet and building out new interoperability features between EVMs. In addition to these industry-leading interoperability features, Kadena has released native token standards, which natively encode regulatory requirements directly into the protocol layer.
With these native token standards, projects are given much more control, not at the expense of transparency or speed. Kadena’s Chainweb EVM is fully compatible with the EVM and Solidity ecosystem. Plus, it is compatible with Kadena’s smart contract language, Pact.
Commonwealth Popejoy, a member of Kadena’s delegation, stressed that the company was focused on creating applications that can process the massive flows of institutional capital. Chainweb EVM from Kadena With its unique multi-chain architecture, Chainweb EVM provides high throughput, ultra-low transaction fees, and proven security.
