Kadena, a public layer 1 certification of labor (POW) blockchain, introduced right now that ChainWeb EVM TestNet has launched on the primary stage of ETHCC and that the ChainWeb EVM Developer Portal is open to all builders. Along with the announcement of Kadena’s $50 million grant program, the discharge highlights Cadena’s dedication to offering an EVM-compatible multi-chain community that serves as a decentralized different to layer 2 rollups.
The testnet consists of 5 unbiased EVM chains that run in parallel underneath the Cadena Chain Net Consensus. Every chain gives the identical merge mining safety as Bitcoin, whereas benefiting from native cross-chain communications. Builders can deploy Solidity Sensible Contract in a Chain Net EVM chain and transfer liquidity or belongings between chains as simply as single chain token transfers.
Over 50 tasks are already engaged on launches on ChainWeb EVM, with over 200 builders presently primarily based on the testnet. Verified contributors embrace prime tier Defi, infrastructure, and gaming protocols reminiscent of Sushiswap, Minterest, Eonian, Dexalot, Meta Lend, and Espotz. This can be a record that continues to develop as Chain Net EVM Testnet develops additional
“We’ve promised seamless EVM compatibility with out compromising decentralization or throughput, however we provide it right now.” mentioned Stuart Popejoy, co-founder and CEO of Kadena. “Chain Net EVM Testnets show that true horizontal scaling can keep alive within the base layer, not within the patchwork of roll-ups. Strong Builders have a POW spine that has low charges, sooner execution, and eliminates censorship from the equation.”
ChainWeb EVM streamlines the biggest pool of already solidified Web3 builders primarily based on Cadena. To speed up onboarding, Kadena engineers are publishing Testnet KDA’s open supply instruments, community endpoints, and taps. The devoted ChainWeb EVM Developer Portal aggregates paperwork, examples of studies, and help channels and has detailed details about the grant program.
This {industry} exhibits excessive demand previous to the launch of Chain Net EVM Testnet. Kadena is coordinating with a cohort of extremely seen companions throughout Defi, infrastructure and video games which have agreed to deploy pilot contracts to Testnet over the approaching weeks. Early commitments embrace cross-chain AMM and liquidity routers, Stablecoin protocol, high-throughput NFT, gaming backends, and Oracle suppliers already wire chain internet checkpoints to their feeds.
With these early integrations, ChainWeb EVM goals to look at Cadena’s paper that advantages from a distributed L1 with cross-chain capabilities built-in right into a fragmented rollup stack.
The rollup gives momentary aid from Ethereum crowds, however depends on centralized sequencers, bridge dangers and complicated fraud prevention machines. ChainWeb EVM approaches scale on the primary layer. All new chains add linear throughput whereas sharing paw safety. Native Merkle Proof Transfers transfer immediately by chains with out third-party bridges. Parallel execution holds fuel costs near zero even in peak demand. Distributed mining eliminates the bottlenecks of single sequencers.
Mixed, these properties place ChainWeb EVM as L1, which gives the identical benefits as L2 with out trade-offs.
To speed up improvement, Kadena just lately introduced a $50 million grant program. Half of that’s assigned to the ChainWeb EVM venture. Kadena grants present capitalless capital, technical steerage, market help and safety critiques. The proposals might be reviewed on a rolling foundation, and the accepted group will take part in a milestone-based fundraising observe.
“Capability alone is not sufficient. Builders want sustainable infrastructure.“Popejoy added. “Our grant programme will undertake builders who share their imaginative and prescient that actually decentralized and extremely scalable EVMs can unlock mainstream adoption.”
With right now’s launch, Kadena might be introducing contracts to Solidity Engineers, auditors, touring suppliers and protocol designers, deploy stress take a look at cross-chain transfers, and invite them to ship suggestions. TestNet paperwork, community RPC URLs, and tap hyperlinks can be found within the Chain Net EVM Developer Portal.
Growth is underway. MainNet helps extra EVM chains, expanded indexer help, efficiency telemetry dashboards, native cross-chain transfers, and lays the inspiration for the way forward for decentralized internet.
About Cadena
Kadena was launched by Will Martino, creator of the Public Tier 1 blockchain, launched within the US by Stuart Popejoy in 2016, and the primary blockchain for JP Morgan and chief of the SEC’s Cryptographic Committee. Kadena gives industry-leading efficiency as a proof of the one scalable Layer-1 work blockchain, offering full EVM compatibility to run Surtidity and Begin Sensible Contract, providing low charges, excessive throughput, and enterprise-grade safety. Builders use Kadena to deploy the Defi protocol, tokenize actual world belongings, and combine AI-driven functions right into a scalable and safe platform.
At its coronary heart, Cadena implements the chain internet. Chain internet is a braided parallel chain structure that runs many chains concurrently, linking them by the nerves of the cross-chain uncle. With devoted grants, developer instruments and enterprise permissions, Kadena provides groups the authority to construct Defi, AI, and tokenization tasks on a scalable, low-cost blockchain.
Web site | x | Disagreement | Telegram | Chain Net EVM Developer Portal
Media Contact:
Anastasiia kulibaba
E-mail: (E-mail safety)
TG: @kulibabka
Disclaimer: The data contained on this article is a part of sponsors/press releases/paid content material for promotional functions solely. Readers are inspired to conduct their very own analysis with warning earlier than taking any actions associated to this web page or firm content material. Coin Version will not be accountable for any loss or damages arising out of or in reference to using any content material, services or products talked about.
