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What is KardiaChain (KAI)?
KardiaChain basic info
What is KardiaChain (KAI)?
KardiaChain is a blockchain platform that prides itself on being fully interoperable and "non-invasive." This means that other blockchains can seamlessly connect to KardiaChain's network without needing to make any technical modifications to their own protocols. KardiaChain employs a dual-node structure to facilitate the connection between its ledger and other blockchains. Additionally, it uses sharding to ensure scalability and smart contracts to empower developers.
To make use of KardiaChain's services, users must utilize its native token, KAI. This token is used for staking, transaction fees, participating in services, and deploying smart contracts.
KardiaChain was initially announced in October 2018, and its mainnet went live in December 2020.
How does KardiaChain (KAI) Work?
KardiaChain is a blockchain platform that aims to provide a developed infrastructure running on multiple chains to allow for simple and efficient interaction between them. The platform utilizes dual-master nodes technology to ensure proper interaction between the chains. This technology means that two different blockchains can run parallelly without affecting the ledger. Additionally, the platform uses delegated proof-of-stake (DPoS) and Byzantine fault tolerance (BFT) consensus algorithms to ensure data consistency and security.
Developers can create smart contracts using Kardia Smart contract Markup Language (KSML) on the platform. KardiaChain also has a validator selection process. A validator refers to a high computing, secure, and stable server that functions as a full node in the network. The validator must stay online to produce new blocks and participate in DPoS. The validator earns a reward for each new block created and signed and also charges a commission fee as a cost to maintain their servers. If any user wants to become a validator, they must have at least 12.5M KAI in the wallet and 25K KAI for registration.
What is the KAI Token?
KardiChain's primary token is KAI, which users can use to pay network fees, transact, and establish DPoS and governance. Additionally, KAI can be used for staking, allowing users to earn rewards. Even staking as little as one thousand KAI can help users earn rewards.
KAI supply and tokenomics
Uniqueness
KardiaChain claims to be the first-ever fully non-invasive, interoperable blockchain. The primary way it achieves this is through its dual master node technology, which allows the blockchain to have simultaneous access to both its own ledger and those of other platforms. This allows KardiaChain to operate in conjunction with other blockchains without requiring them to alter their respective protocol or technology. According to its whitepaper , dual nodes can be operated by anyone, making them permissionless, and have a consensus mechanism to verify data from both chains.
KardiaChain's CEO has stated that the platform is working to decentralize the existing systems of governments and enterprises, which allows it to reach millions of users without having to educate the public on blockchain technology. It is specifically focused on targeting users who are not native to crypto.
The platform has launched several initiatives intended to increase adoption, including " adoption decentralized applications ," which combine aspects of both centralized and decentralized apps ; discounts on mobile top-ups for Viettel customers when paying with KAI; and KAIstarter , a decentralized finance fundraising and revenue sharing platform. KardiaChain has also inked partnerships with other projects and platforms such as NEM (XEM), MANTRA DAO (OM), ShareRing and Bounce Finance (BOT).
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What is the development prospect and future value of KAI?
The market value of KAI currently stands at $10.08M, and its market ranking is #1041. The value of KAI is not widely recognized by the market. When the bull market comes, the market value of KAI may have great growth potential.
As a new type of currency with innovative technology and unique use cases, KAI has broad market potential and significant room for development. The distinctiveness and appeal of KAI may attract the interest of specific groups, thereby driving up its market value.