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Kadena announced at ETHCC in Cannes that his long -planned Chainweb EVM Testnet is live. In contrast to Ethereum L2s that promise scales of scales via rollups, Chainweb EVM runs on Kadena’s braided proof-of-work architecture, designed to scale horizontally without fragmentation of discreet sequencers or bridges.
According to Stuart Popejoy, co-founder and CEO of Kadena, the result is “seamless EVM compatibility without decentralization or transit in jeopardy.”
“This is vanilla EVM with Pectra, so you can use our chains today,” Popejoy told the audience in Cannes at EHCC today.
Chainweb EVM initially has five parallel EVM chains on Testnet, with the architecture of Kadena, which means that this number can grow with demand, while still retaining subcentransactions. As Popejoy explained:
“Every time we add chains, the transit goes up from linearly for that amount,” said Popejoy. “So when we went from 10 to 20 chains, for example, our transit doubled.”
The existing chains of Kadena run Pact, the indigenous smart contract language of the network, designed to give priority to security, auditability and formal verification. In contrast to firmness (which is Turing-Complete and can express everything at the expense of complexity), Pact is deliberately turing-combined.
But like so many L1s and former L1s that the EVM have taken over, the network effects of the virtual machine from Ethereum – especially for things such as tooling and portfolios – are difficult to disturb. Just today there were extra EVM launches of heavyweights Ripple and Ton, using the Cosmos Stack.
Kadena throws his proof-of-work carrots like a function, not a bug:
“Proof-of-work is still the most safe and the most decentralized consensus technology there is,” said Popejoy, although this is being discussed. “It eliminates the need for sequencers … and it is a much safer architecture.”
But the real question is whether developers and users will come. Kadena knows that developers of stability of onboarding must overcome a considerable UX complexity over multiple chains. Asked how they are planning to abstract this complexity, Popejoy said:
“Since the launch in 2020, the Multichain architecture of Kadena Dapps has allowed in a unique way to scales linearly with the demand … With our upcoming Chainweb EVM -Lancing we bring this technology to solidity developers, both by adjusting techniques of Pact and working with the PAULDERPARTNERNS with the advanced station with the advanced station station -Upgrade. “
To help the ecosystem with the ecosystem, Kadena yields real money: a $ 50 million subsidy program, half of it is intended for Dapps based on solidity, AI integrations and half for Real-World Asset (RWA) tokenization.
On the RWA side, Kadena tries to distinguish with a compliance first approach, according to co-founder Annelise Osborne.
“Early Adopters such as MPact Capital and Curveblock have chosen the RWA standard of Kadenas because it solves various critical challenges that confronts institutions: regulating compliance by our OnchainID framework, operational efficiency via programmable Distribution of Getulatable Getup) and Institute Getulation Getups” and Properation Update) Osborn told blocks.
Even with subsidies and ambitious claims, the challenge of Kadena is clear: can they attract enough developers and users to retain real activities as soon as those incentives dry up?
“The goal is not only to be another EVM option,” Popejoy told Blockworks, but rather “the place where Defi developers go when they are fed up with high costs, slow transactions and complex bridging.”