New York, New York, April 3rd, 2025, Chainwire
Advancing Beyond Layer 2 Solutions with Native Parallel Execution on Proof of Work (PoW)
Kadena, renowned for its cutting-edge blockchain scalability, introduces Chainweb EVM by integrating 20 EVM-compatible chains into its extensive network.
With Chainweb EVM, Kadena positions itself as a decentralized alternative to Ethereum's Layer 2 solutions, offering users the advantages of minimal gas fees, boundless scalability, and energy-efficient security through Proof of Work. Kadena's distinct approach to scaling utilizes native parallelization, ensuring high throughput and quick processing. Its horizontally scalable network allows for the addition of new chains to accommodate fluctuating demands, thus reducing block time and keeping gas fees lower than any Layer 2 solution.
Developers can easily deploy and scale decentralized applications using Solidity smart contracts, benefiting from Kadena’s scalable, cost-effective, and decentralized Layer 1 infrastructure while utilizing EVM tools directly.
The Chainweb EVM The initiative attracted significant attention, with hundreds of developers signing up for exclusive early access at ETHDenver to be among the first to deploy on-chain. This initiative aligns with Kadena’s plan to distribute $50 million in grants supporting Chainweb EVM development, token creation, and advancements in AI to foster ecosystem expansion. real-world assets Stuart Popejoy, Kadena's co-founder and CEO, shared his excitement about the Chainweb EVM project, highlighting its significance.
\"Leading this initiative with my co-founder, Will (Martino), stands as the largest project at Kadena since we began. We envision Chainweb EVM as the comprehensive platform for global settlements, from stock trading to online payments. Our new chains will soon reveal the extensive groundwork laid with Chainweb consensus to the EVM community. Solidity developers gain the advantage of developing with Kadena’s secure, efficient, and economically viable native parallel chains,\" Popejoy stated.
Originating in 2016 in the U.S. by Stuart Popejoy and Will Martino, the minds behind J.P. Morgan’s inaugural blockchain and key figures in the SEC’s Crypto Committee, Kadena leads the industry as the sole scalable Layer 1 Proof of Work blockchain. It combines energy efficiency with exceptional scalability, offering an ideal foundation for widespread adoption. Kadena's innovative smart contract language, Pact, equips developers with the tools needed to create secure, efficient blockchain applications that meet tangible needs.
About Kadena
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