Kava 10 Mainnet Preview Released: The Kava Network 1.0 Era is About to Begin
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Kava 10 Mainnet Preview Released: The Kava Network 1.0 Era is About to Begin
Kava has positioned itself as a standalone Layer-1 network powering a wide range of widely-used DeFi products, and thus has gained early insights into the value of optimization.
Navigating Web3 tides with focused insights
Article by: KAVA Chinese Community
We are excited to announce that Kava is entering its next phase in 2022—after establishing itself as a powerful, scalable Layer-1 network and ecosystem supporting top-tier DeFi products, Kava will soon upgrade to the Kava 10 mainnet, marking the beginning of a bright future filled with limitless potential.
Introducing the new Kava Network: a lightning-fast Layer-1 blockchain featuring a unique co-chain architecture that combines the speed and interoperability of the Cosmos SDK with the flexibility and developer-friendly capabilities of the Ethereum Virtual Machine (EVM).
So, what exactly is the Kava Network, and why is this transformation happening now?
The Multichain Future
It’s clear that the future of the blockchain industry is "multichain." To address Ethereum's inability to handle Web3-scale throughput demands, numerous alternative Layer-1 blockchains have emerged, each offering different solutions for transaction speed and scalability.
However, rather than replacing Ethereum, this trend has led to the realization that different networks may be better suited to serve specific verticals. As developers, applications, and users chase more opportunities and value, their assets flow from one chain to another.
This multichain approach means optimization for a specific set of developers or use cases is key. Layer-1 blockchains must deliver targeted value to the developers and users they serve.
Positioned as a standalone Layer-1 network powering widely used DeFi products, Kava has long understood the importance of optimization. Observing the rise of the multichain future, Kava identified an opportunity to apply its optimization-driven model to deliver even greater value to developers and users—unlocking tremendous growth potential in the process.
The New Kava Network
The new Kava Network is a highly optimized "co-chain" network designed to deliver the development frameworks of two of the largest Web3 ecosystems within a single network.
Kava chose to build on the Cosmos SDK because it was evident at the time that Ethereum's architecture could not support a massively decentralized future. The Cosmos SDK enables superior scalability and unlocks access to a growing ecosystem of blockchains and applications.
Yet, Kava also recognized that the Ethereum ecosystem and its developers cannot simply be replaced. For any Layer-1 blockchain to successfully build a truly active and widely used Web3 application ecosystem, it must provide a smooth transition for developers and users looking to bring their products or assets onto the network.
That’s why Kava Network is implementing a co-chain architecture, featuring dedicated chains for both EVM and Cosmos SDK development environments. Through a translation module, these two chains seamlessly collaborate, integrating the two most widely used Web3 ecosystems into a single unified network.
Introducing the "Co-Chain"
Within the Kava Network, the existing Kava blockchain will become the Cosmos Co-Chain, while the Ethereum Co-Chain currently under development will launch in May alongside the Kava 10 mainnet upgrade.
These two co-chains operate seamlessly with each other, enabling developers to build in their preferred environment without sacrificing access to users and assets on the other.
The Kava Network uses a unique co-chain architecture to deliver the best of both Cosmos and Ethereum to developers and users
Think of it like the two hemispheres of a brain—one optimized for Cosmos ecosystem developers, the other for Ethereum ecosystem developers. A translation module connects these two distinct execution environments, allowing them to work together seamlessly at scale.
This bundles the two most widely used execution environments into a single network: two chains, one network. Ethereum meets Cosmos through Kava Network’s powerful, developer-optimized Layer-1 architecture.
The entire network is powered by the Tendermint consensus engine, secured by validators and stakers, and governed by KavaDAO. Additionally, an industry-first on-chain developer incentive model will drive massive growth through an open and transparent distribution process.
KavaDAO is a fully decentralized autonomous organization (DAO) governing the Kava Network. KAVA stakers and validators who help secure and operate the network will be able to propose and vote on governance proposals affecting the Kava Network.
Opportunities
According to Messari.io, the combined total value locked (TVL) across the Ethereum and Cosmos ecosystems exceeds $67.4 billion. Yet, no fully functional Layer-1 blockchain currently exists that allows developers to access both development environments and their ecosystems within a single network.
The opportunity created by combining these two ecosystems is immense. Data from industry portfolio tracker DappRadar shows Ethereum has over 4,000 active open-source ecosystem developers monthly and approximately 1,360 active dApps.
In the Cosmos ecosystem, more than 260 projects are built on the Cosmos SDK, with 33 active Zones integrated via IBC, completing hundreds of thousands of cross-chain value transfers daily.
Establishing a development hub connecting these two ecosystems will generate significant activity for projects enabling this connection, create additional value for both Cosmos and Ethereum, and unlock greater earning opportunities for everyone involved.
The Road to Kava Network
Pioneer Program | February 7, 2022
Kava launched its Pioneer Program, introducing major incentives ahead of mainnet launch to accelerate growth of the Kava Network. 100,000 KAVA will be awarded to protocols deploying on the Kava Network.
EVM Co-Chain Alpha | March 8, 2022
The Kava Network will support a closed group of protocol partners deploying on the EVM Co-Chain, stress-testing Kava’s EVM compatibility and execution environment prior to public release.
Incentivized Testnet for EVM and Cosmos Co-Chains | April 5, 2022
Prior to the Kava Network mainnet launch, Kava will reward participants testing the co-chain architecture. Participants will earn rewards by experiencing firsthand the protocols and dApps launching on Kava Network.
Public Beta Launch of Ethereum Cross-Chain Bridge | April 5, 2022
The public beta of the Ethereum cross-chain bridge will go live on Kava Network, unlocking ERC-20 and ERC-1155 assets.
Kava Network Mainnet Launch | May 3, 2022
The Kava Network officially completes and fully launches with its Ethereum and Cosmos co-chain architecture. Developers can seamlessly build across EVM and Cosmos SDK execution environments, connecting the world’s two largest decentralized ecosystems.
DeFi, GameFi, and NFT Incentive Programs | May 2022
Kava launches incentive programs targeting on-chain DeFi and Web3 developers, releasing substantial rewards annually to accelerate ecosystem growth.
One Network, Two Chains, Unlimited Possibilities
Kava is evolving into a more open, scalable, and optimized Layer-1 blockchain for Web3 developers. By optimizing support for the two largest decentralized ecosystems, Kava Network is positioning itself for massive growth in the multichain future.
The Kava community looks forward to welcoming you during the Alpha test phase. The new mainnet is coming soon—stay tuned to Kava’s official social media channels so you don’t miss the latest updates and upcoming events.
About Kava
Kava is a highly secure, lightning-fast Layer-1 blockchain that combines the two most widely used permissionless execution environments into a single, scalable, developer-optimized network.
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