23.8.2020 | 05:29
Scalability is one of the most important issues facing cryptomonies. That’s why more and more Blockchain projects are focused on trying to solve this problem. Improving the capabilities of cryptoactives, and therefore opening the doors to their massification. And among these projects that fight for a greater scalability is Kadena, crypto currency that gets the 480,000 transactions per second, as announced in the Tweet of the day:
Blockchain technology is the way to greater financial inclusion
Kadena and the transactions at Blockchain
Scalability is not a minor issue for the crypto world. On the contrary, it could easily be argued that it is the biggest problem facing cryptomonies to increase their adoption. For, at the moment, when a transaction in major cryptomonies such as Ethereum or Bitcoin can take up to half an hour to execute. It is not feasible to think of cryptoactives as a replacement for fiat money.
When we are going to buy goods and services, we need our payments to be made immediately or within a few seconds, as is the case with fiat money. Therefore, many projects such as Bitcoin Billionaire or Tron, work hard to improve its scalability. Offering very fast transactions at low prices. Being the virtual currency Kadena within this group of projects.
Thus, through Kadena’s Twitter account, the crypto community has been informed that it has completed an update on its Blockchain. This has allowed her to increase the speed of her transactions, reaching the incredible figure of 480,000 transactions per second:
„The #Kadena hybrid platform reaches an industry leading figure of 480,000 transactions per second! Kadena has completed its upgrade from 10 strings to 20 strings in the first fragmented and scalable #PoW layer-1 #blockchain“.
This would be an important milestone for the project created by researchers from JP Morgan. It shows the impressive progress being made in scalability, which could contribute strongly to the massification of cryptoactives.