嘉手納關停：市場狀況影響“商業區塊鏈”

Kadena 以“市場狀況”為由停止運營，引發 KDA 代幣崩盤。這對於小型區塊鏈的未來意味著什麼？

Kadena's Shutdown: Market Conditions Bite a 'Blockchain for Business'

嘉手納關停：市場狀況影響“商業區塊鏈”

Kadena, once hailed as a 'blockchain for business,' is winding down due to tough market conditions. This news sent its KDA token plummeting, raising questions about the sustainability of smaller blockchains in a competitive crypto landscape.

Kadena 曾被譽為“商業區塊鏈”，但由於市場條件嚴峻，它正在逐漸走向衰落。這一消息導致其 KDA 代幣暴跌，引發了人們對小型區塊鏈在競爭激烈的加密貨幣領域的可持續性的質疑。

The Rise and Fall of Kadena

嘉手納的興衰

Founded in 2016 by Stuart Popejoy and Will Martino, Kadena aimed to blend scalability and security using a unique proof-of-work architecture. Their backgrounds at JPMorgan and the SEC gave the project early credibility, and the KDA token hit a peak valuation of nearly $4 billion in November 2021. Fast forward to today, and that figure has dramatically fallen.

Kadena 由 Stuart Popejoy 和 Will Martino 於 2016 年創立，旨在使用獨特的工作量證明架構將可擴展性和安全性融合在一起。他們在摩根大通和 SEC 的背景賦予了該項目早期的可信度，KDA 代幣的估值在 2021 年 11 月達到了近 40 億美元的峰值。快進到今天，這個數字已大幅下降。

'Market Conditions' Force a Halt

“市場狀況”迫使停止

Kadena announced it could no longer sustain business activities or promote network adoption, citing 'market conditions.' The team expressed gratitude to its supporters but made the tough call to wind down operations and cease active network maintenance.

嘉手納宣布以“市場狀況”為由，無法再維持業務活動或促進網絡採用。該團隊對其支持者表示感謝，但做出了艱難的呼籲：停止運營並停止主動網絡維護。

The Blockchain Lives On

區塊鏈永存

Despite the company's shutdown, the Kadena blockchain itself will continue operating. Independent miners and validators will keep processing transactions and mining blocks. To ensure stability, Kadena will release a new binary designed to keep the blockchain running without its direct involvement.

儘管該公司已關閉，嘉手納區塊鏈本身仍將繼續運營。獨立礦工和驗證者將繼續處理交易和挖掘區塊。為了確保穩定性，Kadena 將發布一個新的二進製文件，旨在在不直接參與的情況下保持區塊鏈的運行。

What's Next for KDA Tokens?

KDA 代幣的下一步是什麼？

Kadena will retain a small team to manage the wind-down and consult with the community on distributing the remaining KDA tokens. A significant chunk of tokens is set to be unlocked in November 2029, with more released as mining rewards until 2139.

Kadena 將保留一個小團隊來管理停業，並就分配剩餘的 KDA 代幣與社區進行協商。大量代幣將於 2029 年 11 月解鎖，更多代幣將作為挖礦獎勵在 2139 年之前釋放。

A Sign of the Times?

時代的標誌？

Kadena's closure highlights the challenges smaller blockchains face in maintaining relevance and profitability against giants like Ethereum and Solana. It's a reminder that even promising projects can struggle in a volatile market.

Kadena 的關閉凸顯了較小的區塊鏈在保持與以太坊和 Solana 等巨頭的相關性和盈利能力方面所面臨的挑戰。這提醒我們，即使是有前途的項目也可能在動蕩的市場中舉步維艱。

My Take: A Wake-Up Call

我的看法：警鐘

While Kadena's situation is unfortunate, it's also a necessary dose of reality for the crypto space. It proves that innovation alone isn't enough; projects need sustainable business models to survive long-term. The market is unforgiving, and only the fittest will thrive. Just look at how the U.S. government shutdown affected other markets. Even prediction markets are pricing in extended shutdowns. This macro uncertainty impacts everything, crypto included.

雖然嘉手納的情況很不幸，但這也是加密貨幣領域必要的現實。這證明僅靠創新是不夠的，還需要努力。項目需要可持續的商業模式才能長期生存。市場是無情的，適者生存。只要看看美國政府關門對其他市場的影響就知道了。甚至預測市場也在考慮延長停工時間。這種宏觀不確定性影響一切，包括加密貨幣。

The Silver Lining

一線希望

Hey, at least the Kadena blockchain is still kicking! So, while the company might be calling it quits, the tech lives on. Who knows, maybe this is just a temporary setback, and Kadena will rise from the ashes like a phoenix... or, you know, a really resilient blockchain.

嘿，至少嘉手納區塊鏈還在運行！因此，儘管該公司可能會宣布退出，但這項技術仍然存在。誰知道呢，也許這只是暫時的挫折，嘉手納會像鳳凰一樣浴火重生……或者，你知道，一個真正有彈性的區塊鏈。