What Is Kava (KAVA)?
Kava is a Layer-1 blockchain that combines the accelerate and interoperability of Cosmos with the developer power of Ethereum. The Kava Network uses a developer-optimized co-chain architecture. The Ethereum Co-Chain enables support for EVM fresh contracts while the Cosmos Co-Chain enables the lightning-fast Tendermint consensus engine and the Inter Blockchain Communication Protocol ( IBC ). The two co-chains are connected by a interpreter module that enables them to interoperate seamlessly, bringing the two most used blockchain growth environments together in a single, scalable network. The Kava Network features a native administration and utility nominal, KAVA, that can be staked by validators or delegated to validator nodes. Stakers and delegators earn 37.5 % of all KAVA emissions as a reward for securing the net. Kava stakers besides have voting rights in network government proposals.
Who Are the Founders of Kava?
Kava Labs is the primary contribute team to the Kava Network. The company ’ mho mission is to establish the Kava Network as a top-five Layer-1 blockchain by driving by rights empowering and incentivizing the developers that drive growth and usage for Layer-1 ecosystems. Kava Labs was co-founded by Brian Kerr, Ruaridh O’Donnell, and Scott Stuart. The current CEO of Kava Labs is Scott Stuart, a former professional poker musician and consecutive entrepreneur. Scott served as the Head of Product for Kava Labs from 2017 to 2021, when he took over as chief executive officer from Brian Kerr. Brian Kerr previously worked as an adviser for several digital asset-focused companies, including Snowball and DMarket. Ruaridh O’Donnell is an MSc Physics alumnus and erstwhile engineer and data analyst at Levelworks. Kava Labs has approximately 40 full-time employees distributed across North America, Asia, and Europe .
What Makes Kava Unique?
The Kava Network utilizes a developer-optimized co-chain architecture that delivers the development power of Ethereum and the scalability, interoperability, and broken transaction fees of Cosmos in a individual net. The Kava Network empowers developers with : * flexible deployment : Developers can build and deploy on either of the two most use permissionless performance environments in the universe using the EVM-compatible Ethereum Co-Chain or the Cosmos Co-Chain .
- On-Chain Incentives: A transparent and decentralized on-chain bonus mannequin ensures that the best developers and projects in every Web3 upright ( including DeFi, GameFi, and NFTs ) are rewarded for their contributions with a proportional contribution of the value and administration of the net .
- Seamless Interoperability: Developers can deploy Solidity smart contracts that interoperate seamlessly with Cosmos SDK protocols in the same network, connecting their stick out to every major asset and millions of users .
Check out Cosmos ( ATOM ) — the network that Kava ‘s core computer architecture is based on and which enables the IBC protocol. Avalanche ( AVAX ) is another Layer-1 blockchain that utilizes a subnet set about in delivering discreet interoperable execution environments.
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Terra ( LUNA ) is besides built using the Cosmos SDK and features native DeFi lend protocols. Check out the CoinMarketCap Blog for the latest industry news and market updates .
How Many Kava (KAVA) Coins Are There in Circulation?
As of March 2022, there are ~158 million KAVA tokens in circulation, out of a presently uncapped maximum supply of tokens. Since KAVA is inflationary, the maximal supply increases over time. All vesting KAVA has been unbarred, so there are no remaining investor or team unlocks. All newly emitted KAVA derived from inflation goes to developer incentives and staking rewards :
- 62.5% to developer incentives
- 37.5% to staking rewards
The KAVA nominal first gear launched in 2019 following respective individual sales and a Binance Launchpad initial substitute extend ( IEO ). In entire, 40 % of the initial KAVA tokens were sold to secret sale investors, with 6.52 % of the sum supply was sold on Binance Launchpad — raising ~ $ 3 million. Of the remaining initial KAVA token provide, 25 % was allocated to Kava Labs shareholders and the concluding 28.48 % is assigned to the Kava Treasury — to be used for growing the Kava ecosystem .
How Is the Kava Network Secured?
Kava is built on Cosmos, and uses a Tendermint-based proof-of-stake ( POS ) consensus mechanism to ensure the integrity of the network. This uses a network of validator nodes for confirming transactions. These validator nodes must put up collateral to take up the duty of validating transactions. If validators misbehave or fail to meet rigorous minimum requirements, their stake will be penalized — thereby incentivizing validators to remain honest and efficient. Kava holders can run a impale lymph node to earn KAVA rewards directly from the protocol. however, lone the top 100 Kava nodes ( besides known as validators ) are eligible to receive these rewards. beyond this, KAVA holders can venture their tokens on diverse compatible exchange platforms, like Binance, Kraken, Huobi Pool, and in wallets like Trust Wallet, Cosmostation Wallet, and Keplr. Kava ‘s smart contracts have been audited by multiple independent blockchain and crypto security firms, including CertiK, B-Harvest and Quantstamp. To date, no vulnerabilities have been found .
The KavaDAO is a amply decentralized autonomous organization ( DAO ) governing the Kava Network. KAVA stakers and validators guarantee and run the network ; frankincense, their province is to table and vote on proposals that affect the Kava Network.
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These changes can take the imprint of bright contract modifications, adjustments to the ball-shaped debt limit, the addition or removal of collateral assets, among other considerations .
Where Can You Buy Kava (KAVA)?
KAVA tokens can be traded on over a twelve commute platforms, and there are now a wide assortment of KAVA trading match available, the most popular of which include : KAVA/USDT, KAVA/BTC and KAVA/BNB. As of March 2022, Binance is the most liquid exchange for KAVA tokens, whereas Kraken is the merely change to offer KAVA/EUR and KAVA/USD trade pairs. To learn more about buying cryptocurrencies with decree, see our comprehensive examination scout .