Kadena, the “scalable” blockchain technology provider, has announced Chainweb EVM with the addition of 20 EVM-compatible chains to its multi-chain network.
Chainweb EVM reportedly positions Kadena as a decentralized alternative to Ethereum Layer 2s, with “near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security.”
Kadena takes what it claims is a “unique” approach to scaling by “leveraging native parallelization for high throughput execution and processing.”
Their horizontal scaling network can add new chains to absorb “demand fluctuations, which reduces block time and keeps gas fees lower than all Layer 2s.”
Builders can deploy and scale dApps with Solidity smart contracts and leverage EVM tooling natively, all while “benefiting from Kadena’s scalable, affordable, and decentralized Layer 1 infrastructure.”
The Chainweb EVM initiative has reportedly received interest from builders who signed up for early access at ETHDenver, “gaining the first chance to deploy on-chain.”
This initiative coincides with Kadena’s $50 million in grants to support building on Chainweb EVM, “tokenizing real-world assets, and AI development to drive ecosystem growth.”
Stuart Popejoy, Kadena’s co-founder and CEO, commented on the vision for Chainweb EVM, citing his enthusiasm for the buildout:
“Spearheading this project alongside my co-founder, Will (Martino), has been the single biggest initiative at Kadena since its inception. We see Chainweb EVM as the long-lasting settlement platform for the world, from stock market trading to e-commerce payments. Our new chains will soon open what we have been building with Chainweb consensus to the EVM world. Solidity developers can now build with the security, efficiency, and cost-effectiveness of Kadena’s native parallel chains,”
Founded in the U.S. in 2016 by Stuart Popejoy and Will Martino – creators of J.P. Morgan’s “first” blockchain and “leaders” of the SEC’s Crypto Committee – Kadena delivers performance as the “scalable” Layer 1 Proof of Work blockchain.
Kadena‘s approach combines energy efficiency with “scalability, making it an ideal infrastructure for mass adoption.”
With its smart contract language Pact, Kadena offers tools for “building secure, efficient, and developer-friendly blockchain applications that address real-world needs.”