Kadena Shuts Down Operations as Team Confirms Immediate Halt
koinmilyoner
Updated at: 3 hours ago
{"content":"Kadena Shuts Down Operations as Team Confirms Immediate Halt to All Activities
Yesterday, the Kadena team shockingly announced that the organization can no longer operate and would shut down immediately. Under its decentralized proof-of-work framework, independent miners and developers will maintain the Kadena blockchain after the firm closes.
The revelation shocked the crypto world, sending KDA, Kadena's native cryptocurrency, down more than 55% within hours. One of the biggest blockchain project drops in recent history, Kadena's price loss wiped virtually all of its five-year gains.
Kadena cited market circumstances and the impossibility to continue operations as grounds for the closure in its official announcement. The company will keep a small workforce to help with the transition and assure operational continuity while encouraging the community to govern and maintain the network.
Kadena's Future in Community Hands
The Kadena team detailed X's network maintenance processes. The company stressed operational continuity throughout this changeover. A new binary will enable the blockchain to operate freely without central monitoring. Node operators will be urged to update quickly to ensure uptime.
The Kadena blockchain and KDA coin will survive the company's collapse. The project will payout about 566 million KDA in mining incentives until 2139. The project will also issue 83.7 million locked tokens by November 2029.
The Kadena team also encouraged community participation in governance and upkeep. Possible shift toward a decentralized, community-led paradigm. Time will tell whether the ecology can survive without centralization.
Even well-established blockchain enterprises might fail in the face of protracted market headwinds and operational hardship. The network will live, but its future depends on whether miners, developers, and users fight to maintain Kadena's infrastructure and mission or let it vanish into blockchain history.
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