Kadena Launches Chainweb EVM to Solve Ethereum Scalability

Kadena, a scalable Layer 1 Proof of Work blockchain, announced it has launched a Chainweb EVM by adding 20 EVM-compatible chains to its multi-chain network.

With its unique infrastructure, Kadena seeks to help businesses build secure, efficient, and developer-friendly blockchain applications that address real-world needs.

Following the debut of the Chainweb EVM, Kadena has emerged as a decentralized alternative to Ethereum Layer 2s. It offers near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security.

Notably, the Chainweb EVM initiative has received interest from hundreds of builders as it offers them the first chance to deploy on-chain by signing up for exclusive early access at ETHDenver.

Following its commitment to helping businesses utilize blockchain technology to solve real-world problems, Kadena has also offered $50 million in grants to support building on Chainweb EVM, tokenizing real-world assets, and AI development to drive ecosystem growth.

While it seeks to solve Ethereum scaling issues, Kadena takes a unique approach to scaling by leveraging native parallelization for high-throughput execution and processing. Their horizontal scaling network can add new chains to absorb demand fluctuations, reducing block time and keeping gas fees lower than all Layer 2s.

Furthermore, the platform allows builders to deploy and scale dApps with Solidity smart contracts and leverage EVM tooling natively, benefiting from Kadena’s scalable, affordable, and decentralized Layer 1 infrastructure.

The co-founder and CEO of Kadena, Stuart Popejoy, commented on the development while highlighting the vision behind Chainweb EVM, saying;

“Spearheading this project alongside my co-founder, Will (Martino), has been the single biggest initiative at Kadena since its inception. We see Chainweb EVM as the long-lasting settlement platform for the world, from stock market trading to e-commerce payments…”

“Our new chains will soon open what we have been building with Chainweb consensus to the EVM world. Solidity developers can now build with the security, efficiency, and cost-effectiveness of Kadena’s native parallel chains,” Popejoy said.