Kadena, a hybrid blockchain project, will go live on January 15 and can handle 750 transactions per second

According to Finance Magnates, Kadena, a hybrid blockchain project aimed at providing blockchain platform services for enterprises and entrepreneurs, announced on Tuesday that it will be launched on January 15. After three and a half years of development, the project can handle 750 transactions per second, far more than the seven bitcoin per second and 15 ethereum per second. The project claims to go beyond existing smart contract blockchain solutions, including ethereum, and address the proven scalability of bitcoin's work.

The project was reportedly founded in 2016 by Stuart Popejoy and Will Martino, the two heads of jpmorgan's blockchain business, and raised $15m from venture capital and Angel investors including SV Angel and Asimov Ventures.

BlockBeats learned that a hybrid blockchain is neither a public chain nor a private chain, but rather an attempt to build a bridge between the two so that private data can be Shared with specific users while the blockchain is publicly accessible. PoW chain Kadena is a block chain network that can connect the public chain with the alliance chain/private chain, supporting the mutual call between the two and incorporating the alliance chain into a cross-chain system.

Source:https://www.financemagnates.com/cryptocurrency/news/former-jp-morgan-dlt-leads-to-launch-a-hybrid-blockchain-this-month

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