Kava network: fueling a decentralized future
In our last Kava article, we covered its origins and explored the high-performance DeFi protocol suite that makes up the Kava platform. In the second post of our three-part series, we dig deeper into the Kava network and take a look at the ecosystem of the best DeFi, NFT, and GameFi services that are built on it.
The Kava network
Originally designed to support the Kava platform, the Kava network is a highly secure and scalable Layer 1 blockchain. Built using the Cosmos SDK, the Kava network is interoperable, lightning fast, and has been tested and refined over the course of two years. During this time, he supported the successful launch and operation of three DeFi protocols totaling over $ 500 million in TVL and over $ 2.1 billion in on-chain assets.
After optimizing the speed and security of the Kava network in the controlled environment of the Kava platform, Kava opens up to the public and welcomes other projects and protocols into its ecosystem.
An ecosystem of trust
Kava’s mission has always been to provide users with secure and reliable access to the earning potential of DeFi. Over the past two years, the utility of distributed ledgers has expanded to include NFT, GameFi, Metaverse and beyond projects. This change prompted Kava to open up its network to other projects to give users access to a larger ecosystem of leading decentralized services.
To ensure that Kava’s rigorous security and user experience standards are maintained as it grows, Kava takes a somewhat unique approach to bringing new projects into its network. Other Layer 1 blockchains have repeatedly shown the risks of onboarding projects without proper verification. On their own, Ethereum-based protocols have racked up hundreds of millions of losses from hacks and scams. For DeFi to mature and serve a larger market, people need to be confident that their economies are secure. This is where the Kava airlock comes in.
Where most Layer 1 blockchains like Ethereum allow anyone to run a token or protocol on them, Kava implements a filtering process to ensure the quality of projects in the ecosystem. This filtration will be managed in a completely decentralized manner via the Kava DAO. Projects will be able to build and test on a public test network (Kava Airlock) before submitting a launch proposal on the main network. Holders of $ KAVA tokens will then be able to vote on the accepted protocols and be part of the Kava ecosystem.
The first major step in making the Kava ecosystem a reality comes with the upgrade of the Kava 9 mainnet in the first quarter of 2022. This will lay the groundwork for easy integration of cross-chain projects by implementing the Kava 9 protocol. Comsos inter-blockchain communication (IBC) and preparing the network for the launch of an ETH bridge shortly thereafter. In our next article, we’ll take a look at what this will mean for the Kava ecosystem and take a look at what lies ahead for the Kava network for the remainder of 2022.
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