Kava (KAVA)

Last Updated: 04/09/2022

What Is Kava (KAVA)?

A Layer-1 blockchain called Kava combines the developer-friendly features of Ethereum with the speed and interoperability of Cosmos. A co-chain design that is developer-friendly is used by the Kava Network. Support for EVM smart contracts is enabled by the Ethereum Co-Chain, and the Inter Blockchain Communication Protocol and the blazing-fast Tendermint consensus engine are enabled by the Cosmos Co-Chain (IBC). A translator module links the two co-chains, allowing for smooth interoperability and combining the two most popular blockchain development platforms into a single, scalable network.

The native governance and utility token of the Kava Network is called KAVA, and validators can stake it or grant it to validator nodes. As payment for safeguarding the network, stakers and delegators receive 37.5% of all KAVA emissions. Stakeholders in the kava industry can also vote on recommendations for network governance.

The Kava Network uses a developer-optimized co-chain architecture to combine Cosmos' scalability, interoperability, and low transaction fees with Ethereum's development capabilities in a single network.

With the help of the EVM-compatible Ethereum Co-Chain or the Cosmos Co-Chain, developers may build and deploy on any of the two most popular permissionless execution environments in the world using the Kava Network. On-Chain Incentives: A transparent and decentralized on-chain incentive scheme makes certain that the top projects and developers in every Web3 vertical (including DeFi, GameFi, and NFTs) are recognized for their contributions with a fair share of the network's value and governance. Interoperability: By deploying Solidity smart contracts that communicate with Cosmos SDK protocols in the same network, developers can connect their project to any significant resource and millions of users.

Kava is based on Cosmos and protects the network's integrity via a proof-of-stake (POS) consensus method based on Tendermint. A network of validator nodes is used in this to verify transactions. In order to take on the responsibility of validating transactions, these validator nodes must post collateral. Validators will be fined if they behave badly or don't satisfy strict minimum requirements, which will encourage them to continue being reliable and effective.

Holders of Kava can operate a staking node to receive rewards in KAVA straight from the protocol. However, these benefits are only available to the top 100 validators, or Kava nodes. Quantstamp, have examined Kava's smart contracts. There are no known vulnerabilities as of yet.

The KavaDAO is the totally autonomous, decentralized organization (DAO) in charge of running the Kava Network. KAVA stakers and validators secure and run the network; thus, their responsibility is to table and vote on proposals that affect the Kava Network. Modifications to smart contracts, changes to the total amount of debt allowed, the inclusion or deletion of collateral assets, and other things are examples of these alterations.

Team

Kava Labs was co-founded by Brian Kerr, Ruaridh O'Donnell, and Scott Stuart.

Scott Stuart, a former professional poker player and current serial entrepreneur, is the CEO of Kava Labs. From 2017 until 2021, Scott worked as Kava Labs' Head of Product before succeeding Brian Kerr as CEO.

Prior to this, Brian Kerr served as an advisor for a number of businesses with a focus on digital assets, including Snowball and DMarket.

Ruaridh O'Donnell is a former Levelworks engineer and data analyst who has an MSc in physics.

Roadmap

Where to store Kava (KAVA)

An alternative wallet provider for Kava token holders can be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.

Similarly, a user-friendly option to keep your $KAVA secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.

The Atomic Wallet is another wallet provider that supports the Kava (KAVA) coin. This software wallet can be downloaded on to a desktop or mobile device and offers a wide range of features such as, enhanced anonymity, decentralisation, and security.

If you are looking for a cold storage wallet to keep you Kava tokens offline safe, we recommend using the leading hardware providers and Ledger.

Binance Chain Extension Wallet is a Crypto Wallet for Binance Chain, Binance Smart Chain. You can send and receive funds on Binance Chain, Binance Smart Chain and cross-chain transfers between both of Binance’s blockchains. It’s currently supported in major browsers: Chrome and Firefox.

Where to buy and sell Kava (KAVA)

You can Buy & Sell Kava (KAVA) by heading over to the Buy Coins page of our website. Kava (KAVA) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $KAVA has never been easier, simply place your order and provide your wallet address. Once your payment arrives Kava (KAVA) will be sent directly to your wallet.

If you choose to Sell Kava (KAVA) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.

Kava (KAVA) Resources:

Website: https://www.kava.io/

Block Explorer: https://atomscan.com/kava/

Twitter: https://twitter.com/kava_platform

Medium: https://medium.com/kava-labs

Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.