kava network

Kava network is a layer-1 blockchain that blends the developer power of the Ethereum network with the speed and interoperability of Cosmos. The Kava Network’s primary contributing team is Kava Labs, which was founded by Scott Stuart, Ruaridh O’Donnell, and Brian Kerr. The platform's goal is to make the Kava Network one of the largest Layer-1 blockchains.   Established in 2018, the Kava mainnet went live on November 14th, 2019. The blockchain functions as a decentralized financial institution. According to the whitepaper, it is the first DeFi network to give users the choice to lend and borrow significant crypto assets, without the involvement of a conventional financial middleman.   The network employs a developer-optimized co-chain architecture. While the Ethereum Co-Chain offers support to the EVM smart contracts. The Cosmos Co-Chain enables lightning-fast Tendermint consensus engine and Inter Blockchain Communication Protocol (IBC). The two technologies are connected via a translator module, which enables seamless interoperability.    The protocol is home to its native governance and utility token “KAVA”. Which can be staked validators or delegated to validator nodes. The delegators and stakers of KAVA are rewarded with 37.5% of all KAVA emissions, for securing the platform. They are also offered voting rights in the governance proposals of the network.