Kadena Implements First Crypto Gas Station on Blockchain

Kadena Implements First Crypto Gas Station on Blockchain

Blockchain
August 12, 2020 Editor's Desk
1885
Kadena, a network that combines public applications with private blockchains, has successfully achieved the world’s first crypto gas station on its blockchain. Kadena announced the news by a blog post on its official medium channel on August 6. Kadena attempts to solve the onboarding process of people seeming to pay to utilize cryptocurrencies by the
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Kadena, a network that combines public applications with private blockchains, has successfully achieved the world’s first crypto gas station on its blockchain. Kadena announced the news by a blog post on its official medium channel on August 6. Kadena attempts to solve the onboarding process of people seeming to pay to utilize cryptocurrencies by the creation of gas stations.

According to the post, the most important barrier to the adoption of decentralized applications (dApps) is the boisterous onboarding process where a user requires to build a wallet and apply an exchange to purchase the said cryptocurrency with a unit of gas. Kadena’s solution to this nightmare is the application of gas stations, an account that finances gas payments under specific conditions.

In a past post by Kadena’s co-founder, Will Martino noted, “The biggest impediment to the broad adoption of decentralized applications (dApps) is the requirement that participants onboard to a cryptocurrency first. Overall, the contemporary dApp user journey is closer to about as painful as opening a bank account when it needs to be as simple as signing up for Instagram.”

Types of gas stations by Kadena

To achieve the project, Kadena has drifted two types of gas stations via an open-source for the community to review. The first is a ‘gas guard type,’ which are gas stations where the limit of gas utilized in a transaction rests within a threshold. The other is named ‘gas payer’ where only authorized accounts are provided, or particular functions are used. The gas guard idea has been utilized to promote transactions on ZelCore multi-currency crypto wallet. The flexible and user-friendly nature of the gas payer type of gas station represents the power of blockchain.

The reality of the concept of gas stations 

The innovative idea of gas stations will be a game-changer for how people utilize blockchain-based apps. dApp creators demand to encompass the concept since it will enable users to get pre-paid gas fees, which are a low-cost investment that generates high returns.

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