TOKEN INFORMATIONOverall Rating: 3/5- Sign: N/A- Payment type: N/A- Website: http://kadena.io/- Overview: Kadena designs a blockchain platform with massively protective secure, large scalability along with productive smart contract language for businesses.1. Idea- Overall, Kadena brings the idea that address the problem of security and scalability in the previous projects (Ethereum, Bitcoin). To do that, they present 3 different proposals.- First, Kadena provides a “Pact smart contracts” that is the first human-readable smart contract language so that the code of Pact can be easily verified by human eyes. “Pact smart contract” builds a secure certificate that cannot be revoked or keyed to a creator. In addition, it is immutable, deterministic and Turing-incomplete, fighting bugs and exploits while proposing the full power of a high-level language.- Second, Kadena presents “Public Blockchain” using “Chainweb Protocol” mechanism, a PoW parallel-chain network which can integrate multiple (up to thousands) mined peer chains into a single network to bring efficiency of PoS and enhance the security. In addition, Chainweb uses the two-step Simple Payment Verification that can handle over 10,000 transactions per second at the same time.- Third, Kadena offers ScalableBFT consensus protocol, which draws inspiration from the Tangaroa protocol as well as practical engineering realities, as the “private blockchain” for business and enterprise. The network’s performance of ScalableBFT is up to 8,000 TPS with latencies well below 100ms with 256 nodes.2. Human- Kadena project has 2 advisors and 6 members in core team.- Advisors are not related to blockchain technology, however, they have strong experience in their career, one is in the insurance business and the other works on legal field.- Core team is relative strong and they are experts in their assigned positions, each member has a transparent profile and link to LinkedIn and Tweeter account.- Will Martino (Founder, studied at Yale Univerisity), is a lead engineer for Juno, JP Morgan’s blockchain prototype.- Stuart Popejoy (Founder, studied at UC Berkely) is an Executive Director of New products Division at JP Morgan in 5 years, he also has over 15 years on building trading systems and exchange network3. Token- Until now, there is no information about Kadena token is released.- On telegram, they said they will be announce the detailed information on ICO soon. Main ICO is not until Q4 2018 and accredited investor private sale start in May, 2018.4. Road map- They did not show information about roadmap on their website and also on whitepaper. Road map is tentative (asked on telegram).- Q1 2018: Whitepaper Release, initial Venture round of funding.- Q2 2018: Accredited Investor Private Sale begins, Testnet release mid Q2.- Q3 2018: Testnet hard fork- Q4 2018: Mainnet release, main ICO.5. Competitive Advantage- Kadena has a number of competitors, specially, Ethereum, RSK and Qtum projects. However, as theoretical aspect, Kadena has more advantage because it can achieve large scalability and high security simultaneously.- Moreover, the Kaneda’s founders has strong experience on blockchain technology who worked at Juno (JP Morgan private blockchain).- The excellent feature of “Pact smart contracts” is designed for reading by human and verifying by computer which can enhance security and simplicity of the network.- They used Turing-incomplete design to simply the network compare to that of Turing-complete in Ethereum, which is so complicated and easily hacked.- In addition, they used the cross-chain cryptocurrency transfer by SPV Merkle Proof which helps to solve the liquidity problem and scale the network.- Until now, Kadena has raised over $ 14M. They have 5 partners and investors (Asimov Ventures, Metastable Capital, Coin Fund, Kilowatt Capital and Multicoin Capital).6. Community- Overall, Telegram is the main social media to connect with the community, and they got over 8K followers, however, the interaction of followers is medium. Admins on telegram seem not online regularly, however, they answered the question as many as possible. Moreover, followers discuss many things on technical aspects of this project.- On telegram, we mentioned about ICO and roadmap, admin said that they would like to prepare carefully and drop these information at once.- In addition, they also have Tweeter (1616 followers), Facebook (49 followers), LinkedIn (174 followers), Medium (176 followers) channel (09/06/2018), but the interaction is so small.- There is no topic about Kadena on Bitcointalk forum.- Kadena also received a good attitude from ICO review page, “Coin Crunch”- Rating at icogens.com7. Real Product- Website is designed simply, and the information is shown clearly. However, the information about ICO and roadmap is not presented. The rank and traffic of website is so low, and the registered domain is in USA (hypestat.com). Most of accesses are from USA and India- Whitepaper detailed explained about the technical information and only English version.- Github is usually updated (170 commits and 14 repositories)Recommendation**:** It is true that Kadena brings out a promising idea, which address the drawbacks of Bitcoin and Ethereum, scalability and safety. In addition, Kadena project have been funded over $14 M from several capitals. However, they have some problems until now: (1) Kaneda project is included by 2 advisors, several members and employees, which cannot fast boost the workflow, (2) they did not release information about ICO, roadmap; (3) they still not release the testnet’s result yet. Personally, we recommend that you should not invest to this project until more information is clearly released in the future. via /r/icocrypto https://ift.tt/2L3gA1z
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