Kadena consists of:
- Pact - the first human-readable smart contract language.
- Chainweb - a massively-parallel protocol to bring efficiency to Proof-of-Work. Mining is paid for throughput and provisioning, not just hash difficulty.
- Enterprise blockchain
Most important things from AMA with founders:
- Private blockchain is being deployed for more than one year. CEO thinks the customers run POS setup with 4 nodes and 4100 clients. It includes Pact.
- Ethereum doesn’t provide a possibility to upgrade a smart contract. In Pact, you can directly upgrade your smart contract. Governance of this process can be as simple as multisig, or as complicated as when you gather a bunch of votes and then vote on the transaction hash of the upgrade.
- Current version of Pac supports only multisig governance. Next version will provide a wide range of open governance capabilities.
- CEO says that Pact is quite unique as an interpretive language. Its uniqueness is reflected in the way how exactly it is Turing incomplete, how it admits itself to the formal verification, its database focus, its public key optimization focus.
- Turing incompleteness makes Pact faster (because it is possible to aggressively inline function references). Also it is one of the reasons why Pact has formal verification.
Roadmap
- April-May - formal verification system will be online and opensource to use.
- Summer - testnet
- End of 2018 - public launch
Team
Stuart Popejoy, founder
Latest position: 2 years as Executive Director at JPMorgan New Products Division (before that, 3 years as Executive Director, Electronic Trading)
10+ year experience as programmer / trading systems programmer.
Will Martino, founder
Latest position: 1 year as Financial Technology Manager at JPMorgan. Worked with blockchain technologies.
Before that, worked as a Senior Science Advisor for SEC for 2 years.
Extensive background in programming, quantitative analysis, trading systems programming.
Monica Quaintance, Lead Engineer & Adoption Strategist
Latest position: 3 years as Senior Data Engineer at Rent The Runway
Before that, 4 months as Quantitative Analytics Programmer at SEC
Decent background in data analysis
Don't see any reasons to look deeper into team. It is already all-star for me.
Advisors
Paul Giordano Advisor, Insurance
Current position: CEO Ironshore Surety Holdings, Inc.
Near 20 years in insurance industry.
Closed successful $800M IPO and secondary offering in spin off from XL Capital to support AAA ratings and provide necessary growth capital.
Oversaw transactional and regulatory aspects of $2.4B sale of Ironshore to Fosun International in 2015 and on $2.9B strategic sale of Ironshore to Liberty Mutual in 2017
Wayne Martino Legal Counsel and Business Advisor
Didn't find any info about him
Pros:
- blockchain platform
- all-star team
- they are working on the project for nearly 2 years without announcing an ICO and creating hype.
Cons:
- only one confirmed strong advisor;
- no token metrics for now.
Verdict
If they add more strong advisors, it would be perfect. But anyway, if token metrics are good, then it’s worth investing into this project.
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