Scalability is one of the biggest issues cryptocurrencies face. Therefore, more and more Blockchain projects are focused on trying to solve this problem. Improving the capabilities of crypto assets, and therefore opening the doors to their massification. And among these projects that fight for greater scalability is Kadena, a cryptocurrency that achieves 480,000 transactions per second, as announced in the Tweet of the day:
Kadena and transactions on the 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 cryptocurrencies face in increasing their adoption. Well, at this time, when a transaction in the main cryptocurrencies such as Ethereum or Bitcoin can take up to half an hour to execute. It is not feasible to think of crypto assets as a replacement for fiat money.
And, when we go to buy goods and services, we need our payments to be made immediately or in a few seconds, as with fiat money. Therefore, multiple projects such as Binance Chain or Tron, are working hard to improve their 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 an update on its Blockchain has been completed. Which has allowed him to increase the speed of his transactions, reaching an incredible 480,000 transactions per second:
“Hybrid platform #Kadena reaches an industry leading figure of 480,000 transactions per second! Kadena has completed its upgrade from 10 chains to 20 chains on the first Blockchain #PoW layer-1 #blockchain fragmented and scalable“.
This would be an important milestone for the project created by researchers from JP Morgan. Which shows the impressive advances that are being made in terms of scalability, and that could strongly contribute to the massification of crypto assets.