Kava is a Layer-1 blockchain that merges Cosmos's quick transaction capabilities and cross-chain operability with Ethereum's robust developer ecosystem.
The blockchain is engineered from the basics to foster protocol development, empowered by its Cosmos EVM technology, which ensures high scalability, speed, security, and robust developer backing.
Kava developers can earn a portion of Kava Rise's $750 million fund for developers. This is distributed monthly through a blockchain-based method specifically designed to reward the highest-performing protocols, based on their usage.
Who Are the Founders of Kava?
Kava prioritizes security and decentralization in its platform. At present, the Kava blockchain ecosystem benefits from the contributions of over 100 application protocol teams and is supported by more than 100 infrastructure teams.
A number of independent international foundations back the Kava ecosystem. These organizations are tasked with distributing protocol-level funding to recipients to bolster the growth and maintenance of decentralized networks and systems.
How Many Kava (KAVA) Coins Are There in Circulation?
The KAVA token made its debut in 2019 through an educational event on Binance Launchpad. All tokens that were initially locked have since been released, and the network’s proof-of-stake consensus mechanism generates tokens as incentives for validators to help secure the system. Some of these tokens are also allocated to initiatives like Kava Rise, which aim to enhance the network's decentralization, security, and stability.
How Is the Kava Network Secured?
Built on the Cosmos platform, Kava employs a Tendermint-based proof-of-stake (POS) consensus mechanism to safeguard the network's reliability.
The network depends on validator nodes to confirm transactions. Validators are required to stake collateral to earn the right to validate transactions. Misbehavior or failure to adhere to stringent standards results in penalties, motivating validators to act honestly and effectively.
KAVA holders can set up a staking node to receive KAVA rewards directly from the protocol. Only the top 100 Kava nodes, referred to as validators, qualify for these rewards. Additionally, KAVA tokens can be staked on numerous compatible exchanges, such as Binance, Kraken, Huobi Pool, and in wallets like Trust Wallet, Cosmostation Wallet, and Keplr.
Kava's smart contracts have been thoroughly audited by several independent blockchain and cryptocurrency security firms, including CertiK, B-Harvest, and Quantstamp. No vulnerabilities have been discovered thus far.
Where Can You Buy Kava (KAVA)?
KAVA tokens are available for trading on numerous exchange platforms, offering a broad range of trading pairs. The most frequently traded pairs include KAVA/USDT, KAVA/BTC, and KAVA/BNB.
As of March 2022, Binance stands out as the most liquid exchange for KAVA tokens, while Kraken is the sole platform providing KAVA/EUR and KAVA/USD trading pairs. For additional information about purchasing cryptocurrencies with fiat currency, refer to our detailed guide.
