It’s not what happens to you, but how you react that matters.
Epictetus
These words of the Greek philosopher could have never been truer. This past week in Blockchain, the industry was rocked by a devastating attack aimed at Terra Blockchain, which resulted in the collapse of UST & Luna.
The attack itself was horrible enough, but the way it was handled by Terra Form Labs, and the speculated OTC purchase & selling by Do Kwon which acted as a catalyst for this catastrophe speaks volumes about the values and priorities or lack there of that TFL placed on the health of this fragile industry and the immediate Terra Luna community.
Let us not dive further into the topic, but as a result of this we find that it is no longer fitting for us to build with Terra Luna.
We are still very pleased and thankful for Terra Form Labs CP reaching out willing and ready to provide the resources we need to grow, and we are always honored to have the privilege to incubate with WeFund.
We are still very open to building and growing with WeFund, whom from the beginning, set their eyes to operate as a cross-chain platform, and not solely on the Terra Luna Ecosystem. There’s a ton of amazing things to be expected from WeFund and we’re forever grateful for all their support and hard work.
The 13th Century Buddhist Sage, Nichiren Daishonin was widely known for emphasizing the following:
That which seems at first sight to be an intensely negative situation can serve as an opportunity for the creation of positive value.
The wisdom of Nichiren Daishonin has resonated strongly with us here at KŌSU. For many months we have sat back and observed the growth of Kadena Blockchain, even projecting how we might be able to scale immediately to Kadena — it appears that the universe is working in a way to speed up this desire to build in the Kadena Ecosystem.
What is Kadena?
Kadena is the only platform offering a complete decentralized infrastructure. This network has solved Crypto’s Trilemma of Security, Scalability, and Decentralization.
A PoW consensus mechanism that combines both a Layer 1 public chain protocol with a Layer 2 network to provide high throughput (over 400,000 TPS) while maintaining security and scalability.
It features a new smart contract language, dubbed Pact, which comes equipped with formal verification and upgradeable smart contracts.
Kadena also has the first Crypto Gas Station — A gas station is an account that exists only to fund gas payments on behalf of other users under specific conditions. By having a gas station pay user onboarding costs, many of the onboarding barriers are removed.
Kadena is among the first blockchain projects to deliver such a comprehensive feature-set.
Why Kadena?
We are convinced that Kadena could provide the backbone for our ultimate goal of global adoption in the education space.
➤ No compromise on security and decentralization:
Kadena has a fully decentralized infrastructure combined with an outstanding Chainweb architecture which takes security to the next level for a sharded chain. Also, built on a new proof-of-work model, Kadena provides security guarantees similar to bitcoin.
➤ Excellent user experience:
Our goal is to provide the best user experience to our users; with Kadena’s massive throughput, marginal gas fees, and gas station feature, we can make that goal a reality.
➤Great community of passionate builders:
The Kadena community has grown significantly over the past year, all through a passion for innovation, dedication, and community spirit. One we believe we are greatly aligned with and would love to be a part of.
You can learn more about Kadena here.
We’re very excited for what the future holds. There may have been some bad actors seeking to curb the growth of our beautiful industry, but sincerity and passion will never fail to prevail. ❤️
