Kadena Launches Chainweb EVM Testnet with Promising Scalability Features
Kadena, a blockchain platform, made a significant announcement at EthCC in Cannes by revealing that its long-awaited Chainweb EVM testnet is now live. This testnet operates on Kadena’s braided proof-of-work architecture, which sets it apart from Ethereum Layer 2 solutions that rely on rollups for scaling. The unique design of Chainweb EVM allows for horizontal scalability without the need for discrete sequencers or bridges, ensuring a seamless user experience without compromising decentralization or throughput.
Stuart Popejoy, the co-founder and CEO of Kadena, emphasized the platform’s compatibility with Ethereum Virtual Machine (EVM), stating that developers can deploy their applications onto Chainweb EVM with ease. The testnet currently supports five parallel EVM chains, with the capability to expand this number based on demand while maintaining low transaction fees.
One of the key advantages of Kadena’s architecture is its ability to increase throughput linearly by adding more chains. Popejoy highlighted this feature by explaining that doubling the number of chains resulted in a corresponding increase in transaction throughput. Additionally, Kadena’s native smart contract language, Pact, prioritizes security, auditability, and formal verification over complexity, offering a unique alternative to Ethereum’s Solidity.
Despite the popularity of Ethereum’s EVM, Kadena believes that its proof-of-work roots provide enhanced security and decentralization. Popejoy emphasized that the elimination of sequencers and the robust architecture of proof-of-work make Kadena a secure choice for developers and users alike. However, the platform acknowledges the challenges of onboarding Solidity developers and plans to simplify the process through advanced account abstraction and gas station functionality.
In a bid to attract developers and users, Kadena has launched a $50 million grant program, focusing on supporting Solidity-based dapps, AI integrations, and real-world asset (RWA) tokenization. The platform aims to differentiate itself in the RWA space by offering a compliance-first approach, addressing critical challenges faced by institutions.
While Kadena’s ambitious goals and financial incentives are promising, the platform faces the challenge of sustaining developer and user activity in the long run. Popejoy envisions Kadena as the go-to destination for DeFi developers looking to escape high fees, slow transactions, and complex bridging solutions. By providing a scalable and secure environment for building decentralized applications, Kadena aims to carve out a unique niche in the blockchain ecosystem.
As Kadena continues to evolve and expand its offerings, the platform’s success will ultimately hinge on its ability to attract and retain a vibrant community of developers and users who see value in its innovative approach to blockchain technology.