🌐 The Kandola Network $KAN is a revolutionary Web3 infrastructure that focuses on improving data privacy and security in the decentralized data layer, particularly in the context of IoT technology and smart devices. 🌍🔒
🚀 What Kandola Offers:
A decentralized Database-as-a-Service (DaaS) catering to DApps.
Focus on data security, retrieval, integrity, and privacy.
Specialized for healthcare, IoT, social media, and gaming.
Utilizes its native cryptocurrency, $KAN, capped at 1 billion tokens.
🌟 Key Features:
PoRT (Proof of Real-time Transfer) consensus mechanism.
Decentralized data exchange, storage database, and retrieval protocol.
Targets challenges like cybersecurity, anonymity, performance, and block finality.
🛠 Technical Insights:
Layer 1 blockchain solution with Proof of Stake (PoS) consensus.
Unique SDK for seamless integration in various platforms.
Addresses blockchain trilemma with parallel side chains and sharding.
💼 Team Background:
Founded by Siddharth Banerjee (CEO), Krithika Radhakrishnan (CMO), and Ragul Kumar (CTO).
The team’s past experiences include Cosine Labs and significant roles in large corporations.
💰 Tokenomics:
$KAN serves for transactions and data access on the network.
Stablecoin pricing model to maintain service affordability.
Staking pools for network security and decentralization.
🔮 Future Plans:
Deploying testnet tokens on the Polygon network.
Implementing smart contracts for payment, escrow, and onboarding.
Forming a committee for node provider incentive models.
🌐 Global Impact and Adoption:
Emphasis on data privacy and IoT cybersecurity.
Collaborations with various investors and partners.
Aimed at safeguarding smart devices and enhancing data integrity.
🔑 In conclusion, the Kandola Network $KAN is poised to be a pivotal player in the Web3 and IoT domains, bringing enhanced security, privacy, and efficiency to the decentralized world. 🌍🔐🚀
To dive deeper, check out the complete article:
https://droomdroom.com/kandola-network-kan-fundamental-analysis/
