2d ago
They called it the “Bitcoin of business.”
Backed by JPMorgan veterans. $100M in grants.
And then, overnight.. Kadena was gone.
The abrupt death of $KDA 🧵👇
4/ Employees were notified of layoffs.
A small “transition team” stayed behind to issue one final binary update
the patch that would keep Kadena’s proof-of-work chain alive without its creators.
5/ To be fair, Kadena was designed for this.
Its Chainweb architecture ran 20 parallel chains.
Its smart-contract language, Pact, was meant to out-scale Ethereum.
And its founders, ex-JPMorgan execs Stuart Popejoy and Will Martino built it for institutions.
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