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What is the “KardiaChain” project and its digital currency “KAI”? And what distinguishes it?

Posted on November 18, 2022 by admin

What is the “KardiaChain” project and its digital currency “KAI”? And what distinguishes it?

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Answer What is the “KardiaChain” project and its digital currency “KAI”? And what distinguishes it?

First of all, we make it clear that the name of the project is “Kardia Sheen” and not “Kardashian” and there is no relationship between them.

Many crypto and blockchain projects aim to facilitate communication between blockchain networks and their method, but the “Kardashian” project would like to stand out in its own way by connecting and communicating without the need to make technical modifications to its protocol or impose on the network to be connected also modify its protocols.

What is KardiaChain Project (KAI)?

The KardiaChain project is a blockchain platform that aims to be fully interoperable with self-optimization, meaning that other blockchains can connect to the network without having to make technical modifications to their protocols.

Read:Institutional investment in the cryptocurrency market is on the rise

The reason for this is that “KardiaChain” relies on a two-node architecture to facilitate communication between its blockchain and other blockchain networks, while relying on “sharding” for scalability and providing smart contracts to developers.

The platform is based on a native cryptocurrency, KAI, which is used for storage, transaction fees, participation in services and the deployment of smart contracts.

KardiaChain was first announced in October 2018, and its main network was launched in December 2020.

I also founded KardiaChain?

KardiaChain was founded by two high school students who were studying together:

  1. Tri Pham.
  2. Huy Nguyen.
1
2

Pham is CEO and Nguyen is the project’s chief technical officer.

Fam is a longtime entrepreneur.

Prior to founding KardiaChain, he co-founded AppFluke, a startup focused on bridging the gap between high-tech and consumer products.

Pham and Nguyen then focused on the Vietnamese market and launched KardiaChain as a solution for interoperability between blockchain networks, especially enterprise-focused ones.

Nguyen was a technical director at Google, where he led the Google Fiber project.

Read:Expert warns that CBDCs will not have the same advantages as Bitcoin

Later, several other Google employees joined the KardiaChain project to form the core development team.

Nguyen also worked in technical engineering positions for several international companies such as Cisco, Apple and Hitachi.

What makes the KardiaChain project special?

According For the official site For the KardiaChain project, it is the first blockchain that allows connecting other blockchain networks to each other without changing the protocols.

This is done by acting as a data channel that allows communications over public or private blockchain networks regardless of their protocols.

The dual master nodes technology allows simultaneous access to both its own blockchain and those of other platforms.

This allows KardiaChain to work alongside other blockchain networks without requiring them to change their protocol or technology.

According to the project’s white paper, anyone can run dual nodes, with a consensus mechanism in place to verify data from both networks.

KardiaChain CEO stated that the platform decentralizes existing systems of governments and institutions, allowing it to reach millions of users without the public needing deep knowledge of blockchain technology.

Read:Ledger hardware wallet supports 100 digital currencies based on Cardano…Details here

The project specifically focuses on targeting users who are not crypto-currency versed.

The platform launched several initiatives aimed at increasing reliance, including the adoption of decentralized applications, which combine aspects of central and decentralized applications, and the most famous uses of the project are its adoption of discounts when recharging the mobile phone balance of “Viettel” customers when paying using KAI, and the “KAIstarter” platform, which is A decentralized platform for fundraising and revenue sharing.

KardiaChain has signed several partnerships with various other projects and platforms such as:

“NEM”, “MANTRA DAO”, “ShareRing” and “Bounce Financ”.

General information about KAI digital currency:

The maximum volume of KAI coins is estimated at: 5 billion coins with a market capitalization of $173 million, knowing that it is ranked 291 on the “coinmarketcap” site.

The digital currency “KAI” is available for trading on the “KuCoin”, “Bitrex” and “Gate.io” platforms, while it is not yet listed on either Binance or Coinbase.

The currency can be allocated by the official wallet of the project which can be accessed from over here.

It is also possible to know and calculate the value of the rewards when allocating the currency from over here.

Read also:

What is the Flow Crypto Project and FLOW? And what distinguishes it?

What is the Thorchain Crypto Project? What are the uses of the digital currency RUNE?


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