In proof-of-stake (PoS) technology systems, transactions are validated based on tokens owned and staked on the blockchain. This often leads to centralization of tokens in the hands of large nodes.
Actors with larger deposits have a dominant role in controlling how transactions are validated and how much new money is created. There is a risk of financial institutions becoming involved in PoS-based blockchains, which undermines the decentralized nature of the system. Kaddex is the first DEX to offer a secure, decentralized platform that leverages on Kadena PoW consensus and infinitely scalability to foster and enhance decentralization. This enables Kaddex to bring the security of PoW to DeFi in a scalable and gas-free environment, revolutionizing DeFi and making it truly open and accessible to all.
