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About KardiaChain
Key Points
- KardiaChain is a blockchain platform that aims to be fully interoperable and “non-invasive.”
- It uses a dual-node structure to facilitate connections between its own ledger and other blockchains.
- The platform relies on a native token, KAI, used for staking, transaction fees, and deploying smart contracts.
- KardiaChain was founded by Tri Pham and Huy Nguyen, with Pham serving as CEO and Nguyen as CTO.
- The platform claims to be the first-ever fully non-invasive, interoperable blockchain.
- KardiaChain has a total token supply of 5 billion KAI.
- The
Introducing KardiaChain: A Pioneering Blockchain Ecosystem
Introducing KardiaChain (KAI): A Revolutionary Blockchain Ecosystem
KardiaChain is a blockchain platform designed to achieve seamless interoperability, allowing diverse blockchains to integrate without necessitating technical alterations to their native protocols. By employing a dual-node architecture, KardiaChain facilitates connections between its proprietary ledger and external blockchains, leveraging sharding to ensure scalability and smart contracts to empower developers.
The platform is powered by its native token, KAI, which serves as the cornerstone for staking, transaction fee settlements, service participation, and the deployment of smart contracts.
KardiaChain was initially unveiled in October 2018, and its mainnet officially launched in December 2020, marking a significant milestone in its development journey.
The Visionary Founders Behind KardiaChain
KardiaChain was co-founded by two former high school classmates, Tri Pham and Huy Nguyen, with Pham assuming the role of CEO and Nguyen serving as Chief Technology Officer. As a seasoned entrepreneur, Pham had previously co-founded AppFluke, a startup dedicated to bridging the gap between cutting-edge technology and consumer products. His experience at AppFluke sparked his interest in democratizing access to innovative technology, and in 2017, he discovered the vast potential of blockchain applications. In collaboration with Nguyen, he turned his attention to the Vietnamese market, launching KardiaChain as a solution for seamless enterprise-focused blockchain interoperability.
Nguyen, a seasoned technology expert, most recently held the position of technical manager at Google, where he spearheaded the innovative Google Fiber project. Additionally, several other esteemed Google employees joined forces with Nguyen to form the core development team at KardiaChain. Prior to this, Nguyen accumulated a wealth of experience in technical engineering roles at prominent companies, including Cisco, Apple, and Hitachi.
Unveiling the Unparalleled Excellence of KardiaChain
KardiaChain purports to be the pioneering, fully non-invasive, interoperable blockchain. The primary mechanism by which it achieves this feat is through its innovative dual master node technology, which enables the blockchain to concurrently access both its own ledger and those of other platforms. This facilitates seamless collaboration with other blockchains, eliminating the need for them to modify their respective protocols or technologies. As outlined in its whitepaper, dual nodes can be operated by anyone, rendering them permissionless, and are equipped with a consensus mechanism to verify data from both chains.
KardiaChain’s CEO has proclaimed that the platform is striving to decentralize the prevailing systems of governments and enterprises, thereby enabling it to reach a vast user base of millions without necessitating public education on blockchain technology. Notably, its primary focus lies in targeting individuals who are not inherently familiar with cryptocurrency.
The platform has introduced a range of initiatives aimed at driving adoption, including the development of “adoption decentralized applications,” which seamlessly merge the benefits of both centralized and decentralized apps. Additionally, Viettel customers can enjoy discounts on mobile top-ups when paying with KAI. Furthermore, the platform has launched KAIstarter, a decentralized finance platform that facilitates fundraising and revenue sharing. Notably, KardiaChain has also forged strategic partnerships with other prominent projects and platforms, including NEM (XEM), MANTRA DAO (OM), ShareRing, and Bounce Finance (BOT).
KardiaChain (KAI) Coin Circulation: A Quantitative Overview
KardiaChain boasts a total token supply of 5 billion KAI, with a meticulous allocation strategy in place. A significant 816 million KAI (16.32%) was earmarked for private sales, while 750 million KAI (15%) was made available for public purchase through an initial exchange offering on Gate.io. Furthermore, 1 billion KAI (20%) was reserved for ecosystem development, with 10% available for immediate utilization and 10% subject to lock-up periods. Additionally, 250 million KAI (5%) was set aside for community engagement, subject to a 3-month lock-up. Moreover, a substantial 500 million KAI (10%) was allocated for block rewards, which will be incrementally released over a 10-year period.
The KardiaChain team was allocated 600 million KAI, equivalent to 12% of the total, while its advisors received 150 million KAI, representing 3%. Meanwhile, 934 million KAI, or 18.68%, was set aside for foundation reserves. Notably, these tokens were subject to a 12-month lock-up period, followed by a 24-month vesting period.
KAI was initially introduced as an ERC-20 token on the Ethereum blockchain, but subsequently underwent a token swap to become a native token on the KardiaChain blockchain, coinciding with its mainnet launch.
The KardiaChain Network’s Robust Security Mechanisms
The KardiaChain network is fortified with a Byzantine Fault Tolerance delegated proof-of-stake consensus mechanism, which necessitates that newly appended blocks receive approval from a two-thirds majority, thereby enabling stakeholders to delegate transaction validation to trusted third-party entities. As outlined in its white paper, KardiaChain’s innovative dual-node approach to interoperability ensures the uncompromised security of external blockchains when interacting with the KardiaChain ecosystem.
Prior to its launch, esteemed blockchain security firm CertiK conducted a comprehensive audit of the KardiaChain mainnet in December 2020, concluding that “all identified issues within the audit’s scope were formally addressed by the team.”
Where to Acquire KardiaChain (KAI): A Comprehensive Guide
KAI is listed on a multitude of reputable cryptocurrency exchanges, including Bilaxy, KuCoin, Hoo, and Gate.io, where it can be traded against the South Korean won, as well as prominent digital assets such as Bitcoin (BTC), Ether (ETH), and the stablecoin Tether (USDT).
Are you intrigued by the prospect of acquiring KAI or other prominent cryptocurrencies like Bitcoin? CoinMarketCap offers a straightforward, step-by-step guide, expertly designed to educate you on the intricacies of crypto and facilitate your inaugural coin purchase.
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