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Intro
Kava Company was founded by Brian Kerr, Ruaridh O'Donnell, and Scott Stuart in 2018. It survived all bear and bull markets, was adaptable and flexible towards all the market’s rapid and unexpected changes, and proved itself as a strong, solid, and reliable network.
Kava is a lightning-fast Layer-1 blockchain with a unique co-chain architecture that merges the speed, interoperability, and cost-efficiency of the Cosmos SDK with the flexibility and developer support of the Ethereum Virtual Machine (EVM).
The Ethereum Co-Chain makes support for EVM smart contracts possible, while the Cosmos Co-Chain provides the Tendermint consensus engine and the Inter Blockchain Communication Protocol (IBC). The Tendermint Proof-of-Stake (PoS) consensus mechanism allows Byzantine Fault Tolerance (BFT), providing instant finality and security.
Kava has a native governance and utility token, KAVA. It can be staked by validators or delegated to validator nodes. Stakers and delegators get the network's fees as a reward for:
- securing the network;
- have voting rights in network governance proposals.
Kava for Developers
The Kava network provides developers with the following opportunities:
- Adaptable Deployment
Developers can build and roll out their apps using both the EVM-compatible Ethereum Co-Chain and the Cosmos Co-Chain. - On-Chain Incentives
A decentralized on-chain incentive model ensures that the best developers and projects get rewards in DeFi, GameFi, and NFTs. - Spotless Interoperability
Developers can use Solidity smart contracts that interoperate with Cosmos SDK protocols in the same network, linking their project to all major assets and millions of users.
Kava’s Ecosystem
Kava's unique co-chain architecture connects you to the world’s most used blockchains. It enables the free flow of users, assets, and projects into the Kava Ecosystem.
Co-chain Structure
The core Kava feature is its co-chain architecture, empowering developers to build and roll out their projects using the EVM or Cosmos SDK execution environments. This bundles the industry's two most popular execution environments into a single network.
The Ethereum Co-Chain — an EVM-compatible execution environment that empowers Solidity developers and their dApps to take advantage of the Kava Network’s scalability and security.
The Cosmos Co-Chain — a highly-scalable and secure Cosmos SDK blockchain linking Kava to the 35+ chains and $60B+ of the Cosmos ecosystem via the IBC protocol.
Cosmos SDK and Tendermint Core
Kava is built using Cosmos-SDK, an open-source framework for building public Proof-of-Stake blockchains. Key Cosmos-SDK features are:
- Tendermint Core consensus engine: Kava is based on a Byzantine Fault Tolerant consensus engine that supports Proof-of-Stake systems.
- Cosmos modularity: new open-source modules are designed for the Cosmos ecosystem, Kava can quickly integrate desirable modules.
On-Chain Incentives
The Kava Network has a unique approach to developer incentivization. A portion of KAVA emissions is awarded to protocols to incentivize usage and drive the Kava ecosystem’s growth.
KAVA Token
The KAVA token is crucial for the platform's security, governance, and mechanical functions. These are the three main KAVA token use cases.
Security: Validators earn KAVA as block rewards and a portion of the network's transaction fees. They risk losing KAVA via strict slashing conditions such as failing to ensure high uptime and double signing transactions.
Governance: KAVA holders use it to propose and vote on crucial parameters of the Kava Network. So, they can choose the types of supported assets and Dapps, their debt limits, and acceptable assets to use as debt collateral, collateral ratio, and a lot kore. The token holders also vote on proposals affecting the Kava Network SAFU Fund and treasury allocation.
Incentives: An amount of KAVA is distributed as incentives for scaling the network. These incentives go to top projects on each chain to speed up growth, boost competition spirit, and enhance the Kava ecosystem’s overall health.
KAVA’s Latest News and Updates
Kava is unstoppable when it comes to development and integrations. Here are some of the network’s plans to come true soon:
Q3 2022
- Kava 11 Mainnet Launch
- Liquid Staking Goes Live
- Kava SDK Transactions Signed in Metamask
- Kava Earn Yield Optimizer
- Kava SDK Transactions Signed in Metamask
- ETH Bridge Launch
Q3 2022
- The Kava Network ETH bridge
- Kava Foundation Launch
Q4 2022
- Kava Network GameFi + NFT Incentive Program
- KAVA Loyalty and Referrals Rewards
- BNB Chain Bridge Launch
DYOR
The information is power, but nothing is permanent underneath the Moon. To stay updated, follow the projects you like and are interested in. All great projects like Kava have several social media channels rich in content and exciting to follow. Any article you read is just an excuse to fall in love with the project’s idea.
Here are Kava’s channels to follow: YouTube|Medium|Twitter|Discord|Telegram
Closing Thoughts
DeFI is one of the essential trends in the crypto industry, making habitual bank products more available. KAVA is a bright DeFi example, and it has great potential for the further development and attraction of even more holders. IEO* took place on such popular as Binance, and it proves the project’s credibility.
Kava is a home for 30 chains and $60B+ of the Cosmos ecosystem through the IBC protocol. It’s a strong and promising blockchain that made it possible to kill two birds with one stone and merge Cosmos and Ethereum to get the best of two words.
* An Initial Exchange Offering (IEO) is equivalent to a stock launch or Initial Public Offering (IPO), and it takes place on the Cryptocurrency Exchange.
Disclaimer: Notum does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Cryptocurrency is subject to market risk. Please do your own research and trade with caution.