Vietnamese blockchain company Kardiachain will launch its mainnet on Tuesday, December 29, as it promises to make the advantages of blockchain open to everyone.
Kardiachain, which has recently secured five major blockchain validators, including LG CNS, a subsidiary of electronics giant LG, is upgrading its testnet to mainnet 1.0, featuring a special ‘non-invasive interoperability feature.’
This allows various blockchain networks, regardless of their protocols, to connect to KardiaChain without requiring any technological modifications or reconstructions, maintaining blockchain sovereignty while dramatically reducing the time and costs for a blockchain to become capable of cross-chain communication.
This function differs from other interoperable blockchains, such as Polkadot and Cosmos, which require protocols to adhere to a strict set of predefined rules in order to access the interoperable network and to communicate with other blockchains.
Focusing on Vietnam and South East Asia in particular, Kardiachain has developed an impressive suite of products since its inception in 2018, including the DEX cross-chain, the KAI Membership mobile app, and KAIstarter, the Defi platform to provide KAI holders with flexible earnings through conventional business investments.
Tri Pham, CEO and co-founder of Kardiachain, said that moving to mainnet was the result of years of hard work by the team, adding that he was excited about developers, builders, and companies forming on top of Kardiachain.
“Mainnet launch is a vital milestone of any blockchain. Today, we witness the birth of the first interoperability blockchain ever launched in Vietnam and the local region. After years of hard work and pulling all-nighters, we are proud to lay the foundation for blockchain mass adoption in our home country.”
Ready for launch
Mainnet is an improvement from the Fengari 3.0 Testnet company which has the ability to process 6,000 transactions per second and is actually 10,000 times cheaper to use than Ethereum.
● Dual master nodes – this function provides simultaneous access to KardiaChain’s ledger data and another blockchain of choice. Together with the agreement that exists between them, they can bring any data between blockchains while maintaining the cryptographic evidence.
● Elastic reward mechanism (ESWIM) – this ensures optimum network efficiency and security. It retains a sufficient number of nodes and take-over control in dual groups and the main network by changing the block reward allocation and transaction fee commision.
● Smart Contract Markup Language (KSML) – this is the ultimate method for developers to easily deploy cross-chain smart contracts on KardiaChain without a major learning curve or previous experience. The aim of KSML is to break the language barrier between different smart contract platforms.
Tri argues that these resources will make creating and deploying smart contracts and decentralised applications simpler, driving blockchain uptake and acceptance.
He said: “We offer businesses the opportunity to adopt blockchain faster and easier. Building on KardiaChain is future-proof as their applications are always connected to the whole blockchain ecosystem. For local players in Vietnam, it is so convenient and beneficial when integrating blockchain into their existing products and services because millions of people will be on blockchain in 2021.”
Kardiachain has already secured an enviable list of validators for its blockchain that will help to validate and protect the network.
These include a subsidiary of electronics giant LG, LG CNS, which is working to merge its own blockchain technology, known as Monachain, with the Kardiachain network.
Businesses already have many real-world applications in network creation, including decentralised identity (DID), certificate issuing and smart city technology, in one of Vietnam’s largest cities, Danang.
Alongside LG CNS, Kardiachain also secured Geleximco’s multinational conglomerate, HPT Vietnam’s global technology firm, Mai Linh Group’s Vietnamese national taxi company, and Biti’s shoe giant as network validators.
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