Kadena to launch Chainweb network in October

Blockchain startup Kadena announced it is launching a public blockchain this October, CoinDesk writes.

Kadena has been working on Chainweb, a proof-of-work (PoW) blockchain network, since last year, with testnet trials reportedly beginning in March. The network aims to offer up to 10,000 transactions per second while maintaining high network speed and low costs. To achieve this, Chainweb’s protocol works by connecting and running various blockchain networks simultaneously and sharing the transaction volumes between them, planning to produce as many as 1,000 blockchains per second.

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