As a seasoned researcher with over two decades of experience in the tech industry, I find this partnership between Magic Labs and Kadena particularly intriguing. Having witnessed the evolution of blockchain technology since its inception, it’s exciting to see two innovative players like Magic and Kadena joining forces to make dApp development more accessible and secure.
San Francisco, California, December 11th, 2024, Chainwire
As an analyst, I’m excited to announce that our partnership is broadening its multi-chain support. This empowers us, the developers, to construct not only resilient but also scalable decentralized applications (dApps) using both Magic and Kadena networks.
Magic Labs, a company specializing in keyless, passwordless digital wallet technologies, has teamed up with the Kadena blockchain network to broaden its multi-blockchain environment. By merging Magic’s wallet architecture with Kadena’s scalable and secure blockchain system, this collaboration seeks to streamline the process for developers and businesses in creating user-friendly and dependable online applications.
Through this alliance, developers can utilize Kadena’s infrastructure in conjunction with Magic’s wallet services to construct applications catering to numerous scenarios, such as DeFi and TradFi. This joint effort expands the selection of tools for constructing safe, user-friendly decentralized apps (dApps), providing end-users an intuitive method for engaging and navigating these platforms easily.
Kadena’s unique multi-chain structure is engineered to tackle scalability and security issues. By weaving together several parallel chains, the network can manage heavy transaction loads, catering to the creation of apps intended for widespread use and top-tier performance. Additionally, it boasts an energy-efficient Proof of Work (PoW) agreement system, striking a balance between conserving energy and ensuring security and decentralization – a significant improvement over conventional PoW systems.
Building on Kadena, developers can enjoy the advantage of its secure Pact smart contract language. The user-friendly syntax of Pact and its ability to be upgraded make development easier and minimize potential security risks, resulting in a reliable setting for creating and launching blockchain applications.
To enhance user convenience, Kadena SpireKey serves as an authentication tool that replaces complex passwords and seed phrases with biometric identification. By adhering to WebAuthn standards, Kadena SpireKey creates and saves keypairs directly on hardware devices. This allows for quick and easy authentication via a straightforward “scan, touch, proceed” process, simplifying the signing of transactions while ensuring security.
In collaboration, Magic and Kadena offer a platform for developers to construct the upcoming wave of decentralized applications, ensuring they’re secure, streamlined, and effortless for end-users to access. For further information, please explore magic.link and kadena.io.
About Magic
Magic Labs, supported by prominent venture capital firms such as PayPal, Placeholder, Lightspeed, KX, along with angel investors like Naval and Balaji, is spearheading efforts to simplify blockchain technology for users. With more than 35 million users onboarded and over 200,000 developers through top decentralized applications (dApps) like Polymarket and Helium, they are making significant strides. Magic facilitates easy login methods similar to Web2, enabling developers to integrate new users into their dApps without the need for them to grasp or manage self-custodial wallets. This forward-thinking strategy offers a user experience comparable to Web2, allowing users to reap the rewards of onchain interactions while bypassing the intricacies of the underlying technology.
Users can learn more at magic.link.
About Kadena
Kadena is unique in offering a Layer 1 blockchain that’s infinitely scalable, secure, and decentralized. This robust and invulnerable structure enables users to create valuable systems utilizing Kadena’s security-centric smart contract language, Pact. Established in 2017 by Stuart Popejoy and Will Martino, who were behind J.P. Morgan’s initial blockchain and the SEC’s Crypto Steering Committee, Kadena strives to promote widespread blockchain adoption by offering a Web3 platform designed for tackling real-world issues.
User scan learn more at kadena.io
Contact
Magic Labs
press@hype.partners
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2024-12-11 18:14