Kaddex (KDX), the very first Gas Free DEX (Decentralized Exchange) on Kadena, has announced the release of X-Wallet, a web extension wallet that enables seamless interaction between decentralized applications (Dapps) without ever requiring users to exit the web browser.
What is Kaddex?
Kaddex was introduced in Beta in December 2021 to generate the first ever Decentralized Exchange (DEX) based on Kadena, and it currently holds over $500 thousand in TVL on a single KDA-FLUX pair. Kadena is the first regrow Proof-of-Work (PoW) layer-1 public blockchain network, and these holdings have already demonstrated the Kaddex smart contract’s incredible potential.
Kaddex can produce a gas-free cash flow buying and selling knowledge while also enabling for novel strategies to liquidity authorization and slippage controls, all while being resolved by the globalized safety that only PoW could provide.
Along with the technical benefits that DeFi offers, Kaddex also introduces its utility token, KDX, in order to create genuine democracy and civic engagement inside the Kaddex ecosystem and to launch the first Liquidity Mining program that is financially sustainable. This enables the community to direct platform development, realizing a shared goal, while also encouraging engagement in certain pairs and enhancing the general user swapping experience.
What is X-Wallet?
Through easy communication with Dapps created on the Kadena Network, X-Wallet, suitable to both Chrome and Brave browsers, facilitates engagement with Kadena’s DeFi ecosystem. Users can send or receive assets, carry out cross-chain transfers, see transactions, engage with Dapps, and more inside X-Wallet, which also produces private keys and passwords that are only known by the user. With new functionality being introduced as Kadena develops, it gives users everything they need to interact with Dapps.
All accounts established in X-Wallet are private k:accounts by default. Users can also swiftly regenerate existing accounts and recover the password seed phrases for Chainweaver, Kadena’s official wallet. All tokens on the Kadena network are now supported by X-Wallet, the only wallet in the Kadena ecosystem.
About Kadena
Kadena wants to create a public blockchain that is developer-friendly, scalable, and offers security on par with Bitcoin. Kadena includes a novel consensus technique, a proof-of-work model called Chainweb, and a modern digital contract language called Pact to fulfill this objective.
Its goal is to achieve developer adoption and transaction throughput optimization at the base layer without the need of any scalable or functional solutions at the second layer. The provision of a complete toolkit on a single platform is meant to be a little more developer-friendly because second layer solutions have a tendency to make application development more difficult. In accordance with internal tests, the team also asserts that Kadena has no upper limits on the quantity of operations it can process each second.
Pact, the primary smart contract language of Kadena, is intended to address some of the shortcomings of Solidity, the language used by Ethereum, most notably its vulnerability to infinite loops and absence of Formal Verification. Additionally, upgrades to pact smart contracts are always possible without a hard fork.
