- Kava is an L1 blockchain featuring developer optimized co-chain architecture using two permissionless ecosystems.
- Cosmos co-chain is highly scalable and secure blockchain connecting Kava to several chains.
- Ethereum co-chain is an EVM compatible exec environment empowering solidity devs and their dApps.
Kava Network In Brief
Kava is a swift Layer 1 blockchain featuring a developer optimized co-chain architecture integrating a couple of prime permissionless ecosystems: Cosmos and Ethereum.
The Cosmos co-chain is a safe and extremely scalable SDK blockchain linking Kana Network to 30 chains and over $60 Billion of Cosmos ecosystem.
Ethereum co-chain is an EVM-compatible execution environment which empowers Solidity devs and their decentralized applications to take advantage of security and scalability of Kava Network.
There’s a concept of Tendermint Consensus utilized by Kava, enabling the ecosystem to back transaction needs of a plethora of protocols and myriads of users.
Liquid Staking Release
Liquid Staking will be implemented on Kava Network, enabling KAVA stakers access and utilize their funds in a tokenized manner while staking to increase security of the network and receive rewards.
Liquid staking is a process of delegation of tokens to a service that stakes on the behest of the trader. This allows traders to get accessibility to their funds even if they are staked.
Contrary to PoS staking, funds are escrowed but are still accessible. Demand for liquid staking has escalated for previous some years as it offers best of both worlds — a passive income and accessibility tostaked funds.
ALSO READ – What made the highly anticipated Kava 10 upgrade of Kava Network rescheduled?
Ethereum Bridge Release
With Liquid Staking, Kava network is going to unveil the ETH bridge, allowing flawless bridging of thousands of ERC-20 assets and Ethereum onto the Kava ecosystem and bridging indigenous Kava assets onto Ethereum network and rest EVM-architecture networks.
Cross-chain bridges have completely shifted the way protocols interact and exchange value, specifically DeFi. With this bridging tech, Kava will make sure that its ETH bridge is extremely safe and scalable.
GameFi and NFT Incentive Program
The final launch to take place this month on Kava network is its GameFi and NFT incentive program, which will deliver massive KAVA incentives to Web3 devs in NFT and GameFi verticals.
These incentives will be dispersed among top 100 projects based on a blend of Transaction Volume and Active Monthly Users.
Kava Rise, a $750 Million incentive program designed especially to continue attracting the most innovative devs across GameFi, NFT and DeFi space to Kava Network.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.