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Highlights
- The Kava network combines Ethereum and Cosmos co-chains
- This results in enhanced speed and scalability of the network
- Its native coin is KAVA, which acts as a governance and utility token
Kava is a decentralised finance protocol, allowing its users to borrow and lend assets without any requirement of a conventional financial intermediary.
Its in-house token called KAVA, which also acts as a utility and governance token, is currently trading at US$4.41, a climb of 2.51% over the last day. There are nearly 170 million KAVA coins in circulation, while its maximum supply is not known.
Source: © Kviztln | Megapixl.com
About Kava’s network
Being a layer-1 blockchain, Kava's network makes use of a developer-optimised co-chain architecture, integrating Ethereum and Cosmos, the two leading permissionless ecosystems, into a single, scalable network.
In this way, the platform's co-chains make use of the speed and flexibility of Ethereum smart contract development as well as the interoperability of the Cosmos SDK into a single network.
It is pointed out that this platform uses a PoS-based consensus mechanism, and Kava’s smart contracts have been audited by several crypto security firms like CertiK and B-Harvest.
Also, by staking its token, delegators and stakers receive 37.5% of all KAVA emissions as a reward and are also given voting rights in governance proposals pertaining to the network.
Further, the network empowers its developers with flexible deployment, wherein they can create and deploy either on the Ethereum or the Cosmos co-chain, thus benefitting its users with speed, interoperability and low transaction fees.
Where to buy the KAVA coin from?
KAVA tokens can be bought from all major crypto exchanges across the globe. Some of them are Binance, Kraken, Coinbase, etc., while eToro and Capital.com are some of the leading crypto trading platforms trading in this crypto.
Bottom Line
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