JPMorgan's DLT Spin-off Completes Industry's First Hybrid Blockchain

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JPMorgan's blockchain spin-off Kadena has fully launched its public blockchain, completing what it calls the "Industry's first hybrid blockchain platform."

Launched on Jan. 15, Kadena's public blockchain includes full transactions and the ability to write smart contracts, the firm's CEO co-founder and Will Martino said in a press release shared with Cointelegraph.

Kadena's hybrid blockchain seamlessly integrates a public chain with a private networkAs the launch completes Kadena's hybrid blockchain platform, the fully functional hybrid blockchain enables the connection of a public chain with a private network, Kadena's co-founder and president Stuart Popejoy said.

"Despite blockchain having immense potential, our experience building JP Morgan's first blockchain showed us its limitations. Launching a fully functional hybrid blockchain which seamlessly integrates a public chain with a private network is a significant step forward in reimagining what applications can do on-chain."

Kadena's hybrid blockchain supports interoperability using Pact, the firm's open-source smart contract programing language.

Martino noted that while Bitcoin's scalability challenges are being tackled with Proof-of-Work chains, the security issues of the Ethereum blockchain are being addressed with Pact.Kadena Kuro, another component of Kadena's hybrid blockchain platform that was formerly known as ScalableBFT, is the private blockchain launched on Amazon Web Services in January 2019.Kadena's hybrid blockchain can process 750 transactions per second, launches with 10 chainsAccording to Kadena's statement to Cointelegraph, Kadena's hybrid blockchain can process 750 transactions per second, while Bitcoin and Ether are capable of processing just 7 and 15 transactions per second, respectively.

The Kadena co-founder also noted that if the firm would have launched with too many chains, people would not be able to realize the importance of Kadena's innovation.

Led by JPMorgan blockchain veterans Stuart Popejoy and Will Martino, the Kadena network went live in early November 2019 as the firm announced a new $20 million token sale.

In an email to Cointelegraph, Kadena spokesperson clarified that the firm does not refer to its public chain as Chainweb anymore, simply calling it "Kadena public blockchain." That is because the firm changed the product name to eventually refer to Chainweb as the underlying technology protocol of Kadena's public blockchain, not not the public blockchain product name.

Launched in 2016, Kadena raised $15 million as of August 2019 in order to build a hybrid blockchain platform that outstrips smart contract blockchain solutions like the Ethereum blockchain and solves the PoW scalability issues of Bitcoin.

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