KardiaChain is a public blockchain platform. It was founded by two former high-school classmates, Tri Pham (CEO) and Huy Nguyen (CTO), in Vietnam. It was first announced in October 2018. However, the mainnet went live only in December 2020. KardiaChain is supported by the Vietnam government and also has government officials on the advisory board.
KardiaChain is the world’s first fully interoperable and non-invasive blockchain platform. This means that other blockchains can connect to the KardiaChain network without making technical changes to their own protocols. KardiaChain also uses a dual-node structure (Validator & Delegator). This facilitates the connection between its own ledger and other blockchains, smart contracts for developers, and sharding for scalability. This provides easy-to-adopt solutions for their clients.
The platform relies on its native token, KAI, which can be used for:
What is KardiaChain doing differently?
Elastic Sharding With Incentive Mechanism (ESWIM) ensures maximum network security and performance. It also maintains an appropriate number of staking power & nodes and the main network. This is done using transaction fee commission and adjusting block reward distribution.
Smart Contract Markup Language (KSML) is an innovative tool for developers to efficiently deploy cross-chain smart contracts on KardiaChain. All of this happens without the need to go through a significant learning curve or wait time.
KSML aims to break the language barrier between various smart contract platforms. It combines the collective strength of all participants to create a unified ecosystem. All this, in order to lay the foundation for the inevitable blockchain mass adoption. Of course, a single project cannot solve all technical hurdles on its own.
The change starts with KAI
Kardiachain is constantly offering newer incentives for stakeholders to benefit from HODLing KAI tokens, including 8.7% APR (Annual Percentage Rate).
With its newly launched tool KAIDEX, it aims to bridge the gap between centralized and decentralized exchanges. This uses the best features available in both worlds.
The CTO of Kardiachain had a discussion with the Vietnamese Deputy Minister of Science & Technology. The topic was to provide solutions on how to help in the sectors of education, economy, and with Covid 19. With the implementation of transparency and traceability, blockchain has contributed significantly to providing accurate distribution of medical supplies. It also provided verification of vaccine passports and searches for spreading points, which help to prevent further infection within communities.
You can buy KAI on Kucoin, Bilaxy, Uniswap, Bittrex, Gate.io exchanges. At the time of writing this article, KAI was hovering around $0.05354. This is about 13000% higher than its all-time lowest price about a year ago. And all this, despite a bearish market and a crash in altcoin prices since mid-April. Unfortunately, KAI suffered more than a 50% drop from its all-time high (which it achieved on April 14th). The author predicts that this is one of the tokens to watch out for when market sentiments turn bullish again.
