Kadena, a blockchain startup from JP Morgan’s Blockchain Center for Excellence, has announced the arrival of its KDA cryptocurrency sure Bittrex.
In a blog post, Tony Pham, marketing director of Kadena, declared that the startup would carry out the first listing of its token Kadena (KDA) on the crypto-trading platform Bittrex Global this Thursday.
Listed since yesterday on the American exchange, the cryptocurrency is initially exchangeable for Bitcoin (BTC) and stablecoin Tether (USDT).
We welcome Kadena's blockchain solution on Bittrex Global Exchange, ”said Bittrex CEO Tom Albright.
Founded in 2016 in Brooklyn, Kadena is developing a hybrid blockchain platform to solve the challenges of scaling up Bitcoin and security concerns of Ethereum.
A blockchain application for Covid-19 tests
In addition to the listing of its token, Kadena has unveiled a decentralized open source application dedicated to monitoring the results of coronavirus tests.
Designed to solve the problems of aggregation and distribution of test results as well as concerns about the quality of test kits, the DApp can be easily used by healthcare professionals, without previous experience in blockchain, to manage and validate the Covid-19 test results.
Unfortunately, the pandemic has highlighted the limits of highly centralized and bureaucratic institutions. Kadena’s goal is to give healthcare professionals a simple tool they can start using right away. Tracking COVID-19 blockchain test results means there is no need to trust a single government or centralized authority, "said Kadena CEO Will Martino.
Kadena also plans to evolve its 1 PoW layer blockchain from 10 chains to 20 chains. The scaling process will take place on July 31.