Hashlock, a leader in Web3 security and smart contract auditing, is proud to announce the successful completion of a comprehensive security audit for Kadena, as the Layer 1 Proof-of-Work (PoW) blockchain begins distributing its recently announced $50 million grant program.
What is Kadena?
Kadena is an enterprise-grade blockchain that uniquely combines Bitcoin-style security with energy-efficient scalability. Its innovative Chainweb architecture interlinks multiple PoW chains in parallel to boost throughput without compromising decentralization. Additionally, Kadena’s Pact smart contract language is purpose-built for safety, simplicity, and scalability, enabling developers to write auditable and upgradeable contracts with ease.
With parallel execution, near-zero gas fees, and horizontal scalability, Kadena is capable of powering global financial systems and DeFi applications. On-chain assets, stablecoins, and tokenized real-world assets can all operate under PoW security.
Prioritizing Sustainability and Affordability
Backed by founders who led J.P. Morgan’s first blockchain and the SEC Crypto Steering Committee, Kadena has achieved energy efficiency improvements for its PoW design without halting block production since its mainnet launch in 2020. Its native token, KDA, serves as the fuel for transaction execution and can be used to fund gas station services, which allow businesses to subsidize user transaction fees. Gas stations foster enterprise and DeFi adoption without exposing users to unnecessary complexity and fees.
Ecosystem Expansion, Coming to EVM
Kadena’s ecosystem spans partnerships with institutions, startups, and technology providers. The platform offers a comprehensive developer toolkit and supports emerging use cases in both DeFi and TradFi, demonstrating Kadena’s commitment to bridging blockchain innovation with mainstream business needs. As the network of dApps and integrations grows, it will soon be enhanced by Chainweb’s upcoming EVM compatibility. Kadena aims to continue pushing the boundaries of the blockchain trilemma by achieving security, scalability, and decentralization. This positions Kadena as a strong foundation for next-generation Web3 infrastructure.
Kadena as a Home for Real-world Assets (RWA)
As part of Kadena’s $50 million grant program initiative ($25M of which is solely dedicated to accelerating RWA tokenization), the protocol has established its native token standard modeled after Ethereum’s ERC-3643. Kadena’s RWA token standard is built to facilitate the compliant issuance, trading, and redemption of tokenized assets in alignment with existing regulations.
It is designed to serve both traditional financial institutions seeking operational efficiency and startups building the next generation of asset infrastructure.
The team at Hashlock audited Kadena’s Pact code. The scope of work included a comprehensive review of smart contracts. These tests were conducted primarily through manual line-by-line analysis and were supported by software-assisted testing.
Hashlock’s Audit Results: Secure
Following Hashlock’s audit, the smart contracts were found to be ‘Secure.’ All of Kadena’s Pact contracts follow simple logic, with correct and detailed ordering.
All issues uncovered during automated and manual analysis were meticulously reviewed, and applicable vulnerabilities are presented in the Audit Findings section of the report below.
You can find the report here: https://hashlock.com/audits/kadena
About Hashlock:
Hashlock is a leading Web3 security firm specializing in smart contract auditing and blockchain cybersecurity. Our mission is to ensure the safe adoption of blockchain technology through rigorous audits and comprehensive security services.
Website: https://hashlock.com/
LinkedIn : https://au.linkedin.com/company/hashlock
About Kadena:
Kadena offers the industry’s only scalable Layer 1 Proof-of-Work (PoW) blockchain that is infinitely scalable, secure, and decentralized. Founded in 2016 by Stuart Popejoy and Will Martino, the creators of J.P. Morgan’s first blockchain and leaders of the SEC’s Crypto Committee, Kadena delivers high-performance infrastructure along with a secure smart contract language, Pact.
Website: https://www.kadena.io/
