Kadena (KDA) announces suspension of blockchain operations… "Protocol will be maintained"
Summary
- Kadena (KDA) announced the suspension of all business activities and the termination of its own blockchain operations.
- The project said that individual miners will continue to operate the network, and that the KDA token and the protocol will be maintained.
- The market is focusing on the project's viability and the level of miner network maintenance.
Proof-of-Work (PoW)-based smart contract blockchain Kadena (KDA) announced that it will suspend all business activities and terminate the operation of its own blockchain. The project said it will separately provide procedures related to network maintenance.
On the 21st (local time), Kadena said on its official X (formerly Twitter), "Kadena is a Proof-of-Work-based smart contract blockchain; the network is operated by individual miners and the KDA token and protocol are maintained." It added, "Procedures will be provided for operational continuity and details will be announced later."
With this announcement, Kadena will halt core development and business operations, but the network itself is expected to be maintained to some extent through its decentralized structure. The market is focusing on the project's viability and the level of miner network maintenance.
JH Kim
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