KAD public chain is a blockchain based on Ethereum, KAD public chain adopts POW+ POS mixed consensus mechanism, using the latest POW+ DPOS hybrid consensus mechanism, supporting smart contract application development, and supporting cross-chain transactions. KAD public chain is designed with decentralization, security, trustlessness, and scalability as its design principles. One technology at a time
Through the use of smart contract technology, KAD has developed a completely decentralized blockchain application system, allowing users to conduct currency issuance, payment and settlement operations through this system. The following introduces the relevant technologies developed by the KAD public chain system.
Encryption algorithms. An encryption algorithm is a data encryption technology that encrypts data to prevent it from being read, tampered with, and forged by others, that is, a piece of plaintext information becomes ciphertext. The public key is the key used for encryption, and the private key is the key used for decryption, and both are indispensable.
The development of the KAD public chain system uses AES encryption algorithm, which is a symmetric cryptosystem based on large integer factorization and large prime factorization. It is more secure than the normal RSA algorithm. With AES encryption, even hackers can't crack it, which is why most network systems now use AES for data encryption.
The KAD public chain system is developed using the SHA256 algorithm, which is much more secure than the AES algorithm and can ensure that the data will not be stolen or tampered with during transmission.
Consensus mechanism. In the traditional blockchain system, because Bitcoin uses a proof-of-work mechanism, the entire system requires a lot of computing resources to run, so the system is vulnerable to attack. In addition, because Bitcoin uses the PoW consensus mechanism, miners will earn Bitcoin rewards through continuous computation and mining. As miners get more and more powerful, so do the rewards. When more miners join, the system will have a significant overcapacity.