tag: pow

Proof of Work (PoW) is a consensus algorithm used in blockchain technology to validate transactions and produce new blocks. In PoW mining, “miners” compete to solve hard mathematical problems, and the first to solve a problem adds a new block to the chain and is rewarded with newly minted cryptocurrency.

Kadena is currently the only blockchain on a proof-of-work model that can expand to handle global transaction volumes. This makes it scalable, a difficult feat to accomplish. This forms the building blocks of Kadena’s ecosystem, verifying transactions in a more resilient manner that gives developers room to flex up capacity when their projects take off.

Since its inception in 2016, Kadena has continuously innovated and achieved tremendous milestones, making it the first and only Layer-1 blockchain that has managed to permanently address scalability while preserving the power of Proof-of-Work (PoW) security and decentralization. It is the only Layer-1 blockchain to have solved the Blockchain Trilemma.

Today, we’re shining the spotlight on Crankk, A community-founded project that has developed distributed wireless networks that provide coverage for IoT devices such as smart meters and GPS trackers. Using Kadena’s low gas fees and its secure and high throughput Proof-of-Work network, Crankk plans to build a community network for LoRaWan coverage with better transparency and with checks running through Pact.

Let’s start with the classic Computer Science parallelization and work from there. If one Bitcoin blockchain can do 5 transactions per second (using round number approximations for simplicity), two Bitcoin blockchains can do 10 transactions per second, ten blockchains can do 50 tps, etc. But this approach has two major problems

Debate Proof of Work or Proof of Stake? Join Multicoin Capital Managing Partner Kyle Samani and Kadena CEO Will Martino on March 20th at 2:00PM ET for a LIVE Discord AMA on Proof of Work vs. Proof of Stake — New Findings, Perspectives and Tradeoffs.

Learn more about Kadena’s public, proof-of-work blockchain protocol designed for scalability and security.