Kava is a Layer-1 blockchain protocol that uses a mix of the speed and interoperability of Cosmos with the power of development from Ethereum. The software protocol of KAVA uses multiple cryptocurrencies to make it possible for its users to borrow and lend assets without the need for a traditional financial intermediary.
Among the various crypto projects currently worked upon, KAVA is considered an emerging decentralized finance (DeFi) project. To note a difference, whereas most DeFi projects run on Ethereum, Kava is built on Cosmos, which its team arguably believes adds additional functionality.
The two co-chains of KAVA; the Ethereum Co-Chain and the Cosmos Co-Chain are connected by a translator module. This module enables them to interoperate seamlessly while bringing the two most used blockchain development environments together within a single, scalable network.
The main contributing team for Kava Network is the Kava Labs. It was co-founded by Brian Kerr; also an advisor for several digital asset-focused companies, including Snowball and DMarket. Ruaridh O’Donnell; an MSc Physics graduate and former engineer and data analyst at Levelworks. Along with them the current CEO Scott Stuart is also one of the founders of the Kava Network.
The Kava Network’s Co-Chains combine the flexibility and speed of Ethereum smart contract development with the interoperability of the Cosmos SDK in a single network. Not only that but it also has access to the all-powered ultra-fast Tendermint consensus engine.
Walking towards creating a network that is as good as the projects that are built on it, Kava is creating the best network for Web3 developers with flexible deployment, seamless interoperability, and incredible on-chain incentives. To make the vision a possibility, KavaDAO; a decentralized autonomous organization (DAO) is also in place to fully govern the Kava Network.
|Coin||Market Cap**||Circulating Supply||Price*|
|Kava (KAVA)||$305,623,309||190,239,461.00 KAVA||$1.61|
Keeping its dedication to providing the crypto ecosystem with a platform that gives as good a network as are the projects, KAVA continues to provide the following 3 key features:
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