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Cryptocurrency News Articles
title: Kadena Solves Ethereum Scalability with Chainweb EVM
Apr 03, 2025 at 09:03 pm
Chainweb EVM positions Kadena as a decentralized alternative to Ethereum Layer 2s, with near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security.
Kadena, a blockchain technology company, has announced Chainweb EVM, adding 20 EVM-compatible chains to its multi-chain network.
This builds on the company’s Chainweb architecture, introducing a decentralized alternative to Ethereum Layer 2s, offering near-zero gas fees, infinite scalability, and the energy-efficient security of Proof of Work.
Kadena approaches scaling through native parallelization for high-throughput execution and processing. Its horizontal scaling network can add new chains to absorb demand fluctuations, which keeps block time low and gas fees manageable.
Developers can deploy and scale dApps with Solidity smart contracts and leverage EVM tooling natively, benefitting from Kadena’s scalable, affordable, and decentralized Layer 1 infrastructure.
The Chainweb EVM initiative has seen interest from hundreds of builders who signed up for exclusive early access at ETHDenver, scoring the first chance to deploy on-chain.
This launch is part of Kadena’s broader initiative, allocating $50 million in grants for building on Chainweb EVM, tokenizing real-world assets, and AI development to drive ecosystem growth.
Stuart Popejoy, co-founder and CEO of Kadena, shared his enthusiasm for this project.
“Spearheading this project alongside my co-founder, Will (Martino), has been the single biggest initiative at Kadena since its inception. We see Chainweb EVM as the long-lasting settlement platform for the world, from stock market trading to e-commerce payments. Our new chains will soon open what we have been building with Chainweb consensus to the EVM world. Solidity developers can now build with the security, efficiency, and cost-effectiveness of Kadena’s native parallel chains,” Popejoy said.
About Kadena
Founded in the U.S. in 2016 by Stuart Popejoy and Will Martino — creators of J.P. Morgan’s first blockchain and leaders of the SEC’s Crypto Committee — Kadena delivers industry-leading performance as the only scalable Layer 1 Proof of Work blockchain. Kadena’s innovative approach combines energy efficiency with unmatched scalability, making it an ideal infrastructure for mass adoption. With its pioneering smart contract language Pact, Kadena offers tools for building secure, efficient, and developer-friendly blockchain applications that address real-world needs.
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- Fidelity Investments Launches Cryptocurrency IRA Product
- Apr 04, 2025 at 04:55 pm
- output: Jakarta, Pintu News—Fidelity Investments recently announced the launch of an Individual Retirement Account (IRA) product that allows investors in the United States to invest at no cost in cryptocurrencies such as Bitcoin Litecoin
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