Kadena Shuts Down, Chain Stays Online as Miners and Community Take Over
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- Kadena said it ceased all business operations, citing market pressures, and is ending corporate oversight of the network.
- The blockchain remains live as miners secure the chain; a transition binary will help nodes run without the company’s involvement.
- Mining rewards follow the original schedule, with 566 million KDA for miners through 2139; trading spiked, led by Binance users.
Kadena, a proof-of-work blockchain once pitched as a scalable alternative, announced that it shut down corporate operations immediately.
What happened
In a statement on X, the organization said ongoing market conditions made continuation impossible. The team notified employees and confirmed that active maintenance by the company ends as the network transitions to full community control.
Read The Full Article Kadena Shuts Down, Chain Stays Online as Miners and Community Take Over On Coin Edition.
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Kadena Shuts Down, Chain Stays Online as Miners and Community Take Over
Share:
- Kadena said it ceased all business operations, citing market pressures, and is ending corporate oversight of the network.
- The blockchain remains live as miners secure the chain; a transition binary will help nodes run without the company’s involvement.
- Mining rewards follow the original schedule, with 566 million KDA for miners through 2139; trading spiked, led by Binance users.
Kadena, a proof-of-work blockchain once pitched as a scalable alternative, announced that it shut down corporate operations immediately.
What happened
In a statement on X, the organization said ongoing market conditions made continuation impossible. The team notified employees and confirmed that active maintenance by the company ends as the network transitions to full community control.
Read The Full Article Kadena Shuts Down, Chain Stays Online as Miners and Community Take Over On Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Silver Supply Crisis Looms as Binance Hits $70 Billion Volume in Precious Metals Like Gold