Led by JPMorgan blockchain veterans Stuart Popejoy and Will Martino, the Kadena network went live in early November 2019 as the firm announced a new $20 million token sale. At the time, Kadena launched its Chainweb mainnet alongside the Kadena token wallet Chainweaver.
In an email to Cointelegraph, Kadena spokesperson clarified that the firm does not refer to its public chain as Chainweb anymore, simply calling it “Kadena public blockchain.” That is because the firm changed the product name to eventually refer to Chainweb as the underlying technology protocol of Kadena’s public blockchain, not not the public blockchain product name.
Launched in 2016, Kadena raised $15 million as of August 2019 in order to build a hybrid blockchain platform that outstrips smart contract blockchain solutions like the Ethereum blockchain and solves the PoW scalability issues of Bitcoin.
