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01 April 2020

JPMorgan’s DLT Spin-off Completes Industry’s First Hybrid Blockchain

JPMorgan’s DLT Spin-off Completes Industry’s First Hybrid Blockchain


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As the launch completes Kadena’s hybrid blockchain platform, the fully functional hybrid blockchain enables the connection of a public chain with a private network, Kadena’s co-founder and president Stuart Popejoy said.

Kadena Kuro, another component of Kadena’s hybrid blockchain platform that was formerly known as ScalableBFT, is the private blockchain launched on Amazon Web Services in January 2019.

The Kadena co-founder also noted that if the firm would have launched with too many chains, people would not be able to realize the importance of Kadena’s innovation.

Launched in 2016, Kadena raised $15 million as of August 2019 in order to build a hybrid blockchain platform that outstrips smart contract blockchain solutions like the Ethereum blockchain and solves the PoW scalability issues of Bitcoin.

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cointelegraph.com
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