Zelcore is a multi-asset digital wallet where you can store all your assets, such as cryptocurrency. Aside from that, companies can team up with Zelcore and empower their clients. One example is Kadena, who recently partnered with Zelcore to bring the Zelcore wallet’s power to their community. Possibly the first partnership of an independent DEX and an independent non-custodial wallet provider, the collaboration is unparalleled. It has the level of integration you’d expect from an in-house solution.
Before we get into what Kadena looks like powered by Zelcore, you can get a sense of what Kadena and Zelcore are like independently. When you see what each platform can do, you’ll be able to get a better understanding of how they will work together.
What is Kadena?
Kadena consists of a scalable public blockchain, a customizable private blockchain, and the Pact smart contract language that connects both networks. There are many benefits of using Kadena, such as speed, scalability, control, connectivity, security, and simplicity. The platform was created to answer a range of problems that no one else has addressed. They pride themselves on being the solution needed by both the most prominent enterprises and the most innovative entrepreneurs.
Kadena was first used by Fortune 500 companies in 2018 but has since expanded its clients’ portfolio across insurance, healthcare, financial services, supply chain, and government.
The Kadena public blockchain is the only sharded and scalable layer-1 Proof of Work (PoW) network in production today. The PoW consensus mechanism improves throughput and scalability while maintaining the security and integrity found in popular assets such as Bitcoin. Kadena braided together multiple Bitcoin-like chains to achieve this scalability.
Kadena’s private blockchain network is known as the Kuro permissioned network. It delivers scalability and usability that goes further than any other private blockchains. The blockchain system can scale to thousands of nodes and has been proven to achieve up to 8,000 TPS with latencies below 100ms in real-world testing. The Kuro network is open-sourced and allows all developers and users of Kadena to reach up to 480,000 TPS.
Lastly, Kadena’s hybrid blockchain platform is connected by the Pact smart contract language. It acts as the bridge that ties the Kadena ecosystem together. Kadena describes Pact as the most powerful tool for creating applications on a blockchain. You don’t have to worry about not understanding the language, as it has been designed to be readable by non-developers. The system facilitates transactional logic with a mix of functionality in authorization, data management, and workflow.
What is Zelcore?
Zelcore is a multi-asset crypto wallet and platform powered entirely by blockchain. The app uses a free wallet with ZelID — a pseudo-anonymous ID system used to communicate with the blockchain. It allows you to have financial freedom and take charge of all aspects of your crypto investments without depending on any middleman or having to access multiple platforms.
Zelcore CEO Tim Tully and one of the company’s co-founders Parker Honeyman describe the digital wallet as the foundation of cryptocurrency’s financial usability. Using a decentralized 2-factor authentication (d2FA), you can log in to your account securely using face ID, biometrics, or passphrase. You can also rest assured your login credentials will never leave your device, and none of your private information is stored by Zelcore, allowing you peace of mind over your finances’ security.
You’ll be able to store, send, and trade over 250 cryptocurrencies and connect to your favorite DeFi apps like Binance, Kraken, Gemini, KuCoin, and many more. You can buy cryptocurrencies with credit and debit cards secured by their trusted fiat partner Wyre. With no hidden fees, it’ll always be 2.9% + $0.30. Your cryptocurrency will then be sent right away to your Zelcore account.
What Zelcore and Kadena Will Look Like Together
With Zelcore and Kadena teaming up, Zelcore is now the ‘users’ wallet for Kadena. It’s convenient, light, and mobile, making it easy for anyone to use. Alongside Kadena’s core wallet, which has been made for developers and smart contract creators, the two wallets will complement each other.
The partnership and integration of Zelcore with Kadena to deliver access to KadenaSwap, an unparalleled decentralized exchange, is extremely deep and aims to deliver a world-class DeFi experience. The Zelcore team is working incredibly hard to provide a DeFi experience for Kadena’s users that are as familiar as online banking. With the convenience of the application, there’s no doubt this will be achieved.
Zelcore anticipates to have KadenaSwap fully integrated and ready for mass consumption by May 30th, 2021.