CAVADA- A PERFECT PLATFORM FOR CREATING SCALABLE AND HIGH SECURED DECENTRALIZED APPLICATIONS (DAPPS)
Decentralized applications popularly known as dApps are applications that can operate autonomously through the use of smart contracts. They exist on a peer-to-peer (P2P) network of computers such as blockchain or other distributed ledger systems. Although dApps provide some functions or utility to their users just like traditional applications, they operate without human intervention and are not controlled by a single authority thereby making them decentralized.
DApps (blockchain-based) can do anything mobile or web applications can do, while maintaining privacy, as well as bypassing middlemen and keeping immutable records. One of the major benefits of decentralized applications is censorship resistance. This is true because there is no single entity that controls a dApp which makes it very difficult or practically impossible for any individual or government to restrict or control access to the dApp.
Additionally, dApps are usually open source making it possible for the code to be available for anyone to see. Also, any updates and changes are decided upon through a consensus mechanism (majority votes) rather than by a developer. This ensures a faster and more secure development of the ecosystem. Also, dApp does not rely on a single point of failure like a hosting server because it exists on a P2P network of computers, thereby ensuring no downtime or any form of restrictions.
It is important to take note of some of the challenges facing dApps which include lack of users, poor usability, and susceptibility to being hacked. Also, dApps are faced with speed, scaling, and reliability limitations, but the good news is that CAVADA has come to provide innovative solutions to these challenges, and this will enable the mass adoption of dApps which are the largest apps in Web3.
CAVADA- REVOLUTIONIZING BLOCKCHAIN TECHNOLOGY THROUGH ITS POTENTIAL AND INNOVATIVE FEATURES
CAVADA is a powerful Tron Virtual Machine (TVM), and Ethereum Virtual Machine (EVM) compatible smart contract platform. It is specially designed to linearly scale and at the same time maintain true decentralization as well as a high level of security by using the Partitioning of nodes in the network into smaller groups, by dividing the workload thereby making it possible for more parallel processing. This will also enable the CAVADA platform to scale horizontally and this can be achieved by adding more nodes to increase throughput.
CAVADA has a higher degree of decentralization because its network has a larger number of nodes. As a top-notch and leading blockchain-based platform, CAVADA is aimed at incentivizing its ecosystem projects to build new and innovative applications on its platform. Additionally, CAVADA will also provide more ecosystem incentives which will be used to further develop layer-two solutions to increase transaction throughput, and at the same time create decentralized bridges that will enable users to transfer their assets from CAVADA to other networks and vice-versa.
By incorporating many outstanding features like node rotation, load detection as well as linear scaling and auto-scaling CAVADA has not only proven to be at the forefront of innovation but has also shown that it has the potential to deliver the best user experience and long-term sustainability of any layer-1 smart contract platform. Another thing that sets CAVADA apart from other platforms is that it delivers faster transactions thereby putting an end to the amount of time people spend while waiting for their transaction confirmation.
CAVADA- THE LEADING BLOCKCHAIN-BASED PLATFORM WITH SCALABILITY, INTEROPERABILITY AND SECURITY
CAVADA is designed to enable everyone to create scalable decentralized applications (dApps), without altering the interoperability of superior users including the feature of scalability to existing public blockchains. It is one of the most reliable and economical platforms for startups, small businesses, entrepreneurs, and individuals who want to trade, invest, and transact. CAVADA's global market position has a broad perspective that facilitates transparency, integrity, and economic well-being which will help users to prosper.
One of the advantages of CAVADA is that it is compatible with any network having a modular internal architecture that is easily customizable, flexible, and barely error-prone. CAVADA through its great potential provides scalability, security as well as instant transactions by using a multichain that is based on an adapted implementation of a hybrid framework for asset security, it is also built with a decentralized network of POS (Proof-of-Stake) validators.
A faster block time is one of the unique selling points of the CAVADA platform, unlike the POW (Proof-of-Work) which requires a lot of energy, and resources and offers a comparatively slow block time, CAVADA uses POS which is a highly scalable consensus algorithm that offers better and faster speed of block time. In terms of security, CAVADA is second to none as it runs and works on DPOS (Delegated Proof of Stake) where validators themselves are also the stakes. As a powerful scalable blockchain network, CAVADA is built with interoperability which functions as the bridge for communication between different multiple blockchains.
THE OUTSTANDING FEATURES OF CAVADA
CAVADA is built with innovative features that will revolutionize DeFi and the entire crypto world. The features include:
HIGH LEVEL OF SECURITY: CAVADA employs Proof-of-Stake, node rotation, standby nodes, and permissionless which contributes to the boosting of network security. It also utilizes the Keccak-256 hashing algorithm to enhance blockchain security.
- INTEROPERABILITY: This feature allows different protocols of blockchain to communicate actively with each other. That is to say that with CAVADA, various chains can interact with each other and share data which will make it easier to use different networks of the blockchain. CAVADA offers a true interoperability experience to users.
- AUTO-SCALING AND HIGH FAIRNESS: CAVADA is designed to auto-scale dynamically based on the demand in the network while keeping its operational cost low to retain low gas fees. CAVADA network processes transactions on an FFS basis which will ensure high fairness and eliminate MEV.
- SIMPLE NODE OPERATING: Historical data on CAVADA are usually offloaded to archive nodes on top of its linear scalability, thereby making hardware requirements to run a node on the CAVADA network low. And with the help of GUI, non-tech users can easily run nodes on CAVADA.
- USER-DRIVEN GOVERNANCE: As a fully decentralized platform, CAVADA offers user-driven governance of blockchain with decentralization equitability, accessibility, and management of users’ various interests.
- ENGINEERED TO EVOLVE: CAVADA can evolve alongside the industry as users and developers alike progress. Modularity enables the CAVADA technology stack to leverage innovations to improve as governed by its community.
- CARBON NEUTRAL: CAVADA maintains minimal environmental impact by leveraging Proof-of-Stake and other innovations. This is achievable because the CAVADA Foundation is very much committed to being carbon neutral and building a more energy-efficient digital assets industry with no negative impact on the environment.
ABOUT CAVADA TOKEN
CAVADA token (CAVADA) is a viable digital asset with great potential. CANADA has a total supply of 9,000,000,000 and it is supported by Ethereum, Binance, and Tron Blockchains.
TOKEN DISTRIBUTION
CAVADA's total supply will be distributed in the following ways:
- 30% will be allocated for pre-seed sales, private sales, VC, and investors.
- 20% will be allocated for Initial Exchange Offering (IEO), and public sale.
- 15% will be allocated for team development and management.
- 15% will be allocated for foundation members.
- 10% will be allocated for ecosystem, airdrop, and marketing campaigns.
- 10% will be allocated for liquidity pool and market-marketing.
HOW THE CAVADA FUND WILL BE UTILIZED
CAVADA fund utilization will be as follows:
- 40% of the fund is reserved for infrastructure and ecosystem development.
- 20% of the fund will be locked in the reserved fund.
- 12% of the fund will be used for community management (marketing & promotion).
- 10% of the fund is reserved for physical assets.
- 8% of the fund is reserved for operational expenses.
- 5% of the fund is reserved for legal expenses.
- 5% of the fund is reserved for risk and unexpected
CONCLUSION
Decentralized applications have come to stay, and CAVADA is the perfect platform to take them to the next level. With CAVADA users can unlock the power of linear scalability and at the same time experience increased TPS through transaction division among nodes as well as an AI-based transaction roll-up system with the lowest transaction fees. This shows that CAVADA is not only innovative but also super fast.
As a platform that serves as a step-function change in blockchain scalability, and interoperability, CAVADA has the capacity of supporting the largest applications in the world. Apart from having incredible security and scalability, CAVADA is built with amazing UX/UI to enable mass adoption. CAVADA provides long-lasting solutions to the scalability issues that have affected most blockchain technology. Now is the time to delve into the world of Web3 with CAVADA, and experience scalability like never before.
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WRITER’S INFORMATION
Writer: Mansonndubuisi
Bitcointalk Username: Mandez4real
