嘉手纳关停：市场状况影响“商业区块链”

Kadena 以“市场状况”为由停止运营，引发 KDA 代币崩盘。这对于小型区块链的未来意味着什么？

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

嘉手纳关停：市场状况影响“商业区块链”

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 曾被誉为“商业区块链”，但由于市场条件严峻，它正在逐渐走向衰落。这一消息导致其 KDA 代币暴跌，引发了人们对小型区块链在竞争激烈的加密货币领域的可持续性的质疑。

The Rise and Fall of Kadena

嘉手纳的兴衰

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 于 2016 年创立，旨在使用独特的工作量证明架构将可扩展性和安全性融合在一起。他们在摩根大通和 SEC 的背景赋予了该项目早期的可信度，KDA 代币的估值在 2021 年 11 月达到了近 40 亿美元的峰值。快进到今天，这个数字已大幅下降。

'Market Conditions' Force a Halt

“市场状况”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.

嘉手纳宣布以“市场状况”为由，无法再维持业务活动或促进网络采用。该团队对其支持者表示感谢，但做出了艰难的呼吁：停止运营并停止主动网络维护。

The Blockchain Lives On

区块链永存

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.

尽管该公司已关闭，嘉手纳区块链本身仍将继续运营。独立矿工和验证者将继续处理交易和挖掘区块。为了确保稳定性，Kadena 将发布一个新的二进制文件，旨在在不直接参与的情况下保持区块链的运行。

What's Next for KDA Tokens?

KDA 代币的下一步是什么？

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 将保留一个小团队来管理停业，并就分配剩余的 KDA 代币与社区进行协商。大量代币将于 2029 年 11 月解锁，更多代币将作为挖矿奖励在 2139 年之前释放。

A Sign of the Times?

时代的标志？

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 的关闭凸显了较小的区块链在保持与以太坊和 Solana 等巨头的相关性和盈利能力方面所面临的挑战。这提醒我们，即使是有前途的项目也可能在动荡的市场中举步维艰。

My Take: A Wake-Up Call

我的看法：警钟

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.

虽然嘉手纳的情况很不幸，但这也是加密货币领域必要的现实。这证明仅靠创新是不够的，还需要努力。项目需要可持续的商业模式才能长期生存。市场是无情的，适者生存。只要看看美国政府关门对其他市场的影响就知道了。甚至预测市场也在考虑延长停工时间。这种宏观不确定性影响一切，包括加密货币。

The Silver Lining

一线希望

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，至少嘉手纳区块链还在运行！因此，尽管该公司可能会宣布退出，但这项技术仍然存在。谁知道呢，也许这只是暂时的挫折，嘉手纳会像凤凰一样浴火重生……或者，你知道，一个真正有弹性的区块链。