@MikeHerron When I want to buy a coin or token I

Question

@MikeHerron When I want to buy a coin or token I

checked both the good and bad things of the project
I have 5 questions
1)what is the bad things of this project?
2)why is the TVL of the project is low
3)the project since more than 5 years but the marketing is so low
4)how is it decenterlized ,I checked the poll? And saw they can double spending.
5)why we should trust the project ?
Thanks 🙏🏻 🌹

#blockchain #cryptocurrency #english #kadena

0

01.01.2024

8 ответов

30 просмотров

Hafiz

if the tvl is low mean we are still early .. you will not get this price.

0

11 месяцев назад

ولید Sobhani Автор вопроса

Hafiz
if the tvl is low mean we are still early .. you ...

But the project since more than 5 years Look at ARB TVL

0

11 месяцев назад

KDXLain | kaddex.xyz Yoshikawa

1. Kadena uses a braided PoW architecture that is patented. It is really a series of chains. It allows for horizontal scaling by adding more chains, allowing for increased tps. The trade off for this is that Kadena has slower finality than some other chains. The block time increases as more chains are added, but this is a logarithmic function so you get marginally increasing returns to added block time. This means Kadena is not FAST but it is quick and HAS HIGH THROUGHPUT (TPS). Under high traffic conditions, Kadena will be faster than other chains with lower TPS as transactions build up in the mem pool. 2. Dapps have to be created in a new programming language: Pact. Pact has several benefits over solidity (EVM's smart contract language) but I won't go into those here. Just know that one cannot copy paste dapps from Ethereum like most other chains can. For example, RedLinx, a lending dapp, will be coming early next year, and it will be the first lending dapp. Once DeFi primitives are created, then the conditioner Tvl increasing will be present. It's an exciting time to be early before these events. 3. The project was conceived of in 2018, but the actual mainnet itself didn't launch until 2020 iirc. Kadena was launched by a US based corporation, and they are careful to follow all required regulation, so these things took time. The Blockchain has not been live for 5 years. Marketing has been constantly identified as a pain point in the company. Mike Herron, you replied to you above was brought on to address these glaring issues, and things have been turning a corner on the marketing front ever since. 4. It's decentralized because it uses PoW concensus. PoS consensus centralizes ownership of the protocol through compounding interest to validators staking tokens. Proof of Work forces miners to sell tokens into the economy to pay power costs. 5. Kadena is a unique project with parents behind it's technology. https://patents.google.com/patent/WO2019055585A1/en They are US based. You can have some confidence there that they won't literally rug pull you or something. If they did, then legal action would be possible in theory.

0

11 месяцев назад

Rose

KDXLain | kaddex.xyz Yoshikawa
1. Kadena uses a braided PoW architecture that is ...

MetaMask and TrustWallet aren't supported! Kadena has its own blockchain so doesn't have a contract address as such. You can obtain it from CoinMetro.com / Binance.com / KuCoin.com / Gate.io / Okx.com (and other exchanges listed here: https://www.coingecko.com/en/coins/kadena#markets)

0

11 месяцев назад

KDXLain | kaddex.xyz Yoshikawa

ولید Sobhani
But the project since more than 5 years Look at AR...

You can copy paste dapps onto arbitrum. Kadena apps must be built from scratch. ZK apps have to be built from scratch. Show me a ZK rollup on Eth w a thriving daop ecosystem and high tvl

0

11 месяцев назад

KDXLain | kaddex.xyz Yoshikawa

Also, as a quick aside to this question 4, I have never heard of a double spend on Kadena. It's basically nakamoto concensus

0

11 месяцев назад

Alexander

KDXLain | kaddex.xyz Yoshikawa
Also, as a quick aside to this question 4, I have ...

I think he said it because he sent a pic of a old screenshot that said some mining pool had like 71% of the hashrate, which is not true

0

11 месяцев назад

Mike Herron · Accepted Answer

Mike Herron

Transparency matters is a saying I started. So I’m gonna be transparent. I’m on vacation and I’ve probably had too much to drink at lunch. I’ll do my best to answer what I can

0

11 месяцев назад

210 похожих чатов

@MikeHerron When I want to buy a coin or token I

8 ответов

Похожие вопросы