What Is KardiaChain (KAI)?
KardiaChain (KAI) is a decentralized public blockchain that performs operations between two existing blockchains. According to the whitepaper, the platform aims to provide a developed infrastructure that runs on multiple chains and allows them to interact simply and possibly. For proper interaction between the chains, the platform uses a dual-master nodes technology. Dual-master nodes mean when two different blockchain runs parallelly without affecting the ledger. Further, the platform uses delegated proof-of-stake (DPoS) and byzantine fault tolerance (BFT) consensus algorithm. Byzantine fault tolerance (BFT) consensus means protecting system failure if some of the nodes (computers servers connected with the internet) fail to respond in the network. These algorithms ensure the data consistency of nodes in the network and the security of the blockchain.
The developers can create smart contracts using Kardia Smart contract Markup Language (KSML) on the platform. Moreover, the platform has a validator selection process. A validator refers to high computing, secure and stable server to function as a full node in the network. The validator must stay online to produce new blocks and participate in DPoS. The validator earns a reward for each new block created and signed. The validators also charge a commission fee as a cost to maintain their servers. If any user wants to become a validator, they must have at least 12.5M KAI in the wallet and 25K KAI for registration.
KAI is the primary token of the KardiChain platform. Users can utilize KAI to pay network fees, make transactions, and establish DPoS and governance. Also, the users can utilize KAI in staking and earn rewards. Even a minimum staking of one thousand KAI can help users earn rewards.
History of KardiaChain (KAI)
Huy Nguyen, is the CEO and Tri Pham, is president of the platform and co-founded the KardiChain platform on January 1, 2018.
The total supply of the KardiChain platform is 5,000,000,000 KAI.