{"id":21300,"date":"2022-12-23T11:19:29","date_gmt":"2022-12-23T11:19:29","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=21300"},"modified":"2022-12-23T11:20:41","modified_gmt":"2022-12-23T11:20:41","slug":"what-is-kava","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/what-is-kava","title":{"rendered":"What is Kava.IO (KAVA)?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#What_is_Kava_Crypto\" title=\"What is Kava Crypto?\">What is Kava Crypto?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#How_Does_Kava_Work\" title=\"How Does Kava Work?\">How Does Kava Work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#Kava_Network_and_Cosmos\" title=\"Kava Network and Cosmos\">Kava Network and Cosmos<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#Kava_Ecosystem\" title=\"Kava Ecosystem\">Kava Ecosystem<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#KavaDAO\" title=\"KavaDAO\">KavaDAO<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#How_To_Use_Kava_Crypto\" title=\"How To Use Kava Crypto?\">How To Use Kava Crypto?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#Kava_Lend\" title=\"Kava Lend\">Kava Lend<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#Pros_and_Cons_of_Kava_Coin\" title=\"Pros and Cons of Kava Coin\">Pros and Cons of Kava Coin<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#Pros_of_Kava_Coin\" title=\"Pros of Kava Coin\">Pros of Kava Coin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#Cons_of_Kava_Coin\" title=\"Cons of Kava Coin\">Cons of Kava Coin<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#FAQs_on_KavaIO\" title=\"FAQs on Kava.IO\">FAQs on Kava.IO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#How_Do_Kava_Loans_Work\" title=\"How Do Kava Loans Work?\">How Do Kava Loans Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#How_Do_You_Make_Money_From_Kava\" title=\"How Do You Make Money From Kava?\">How Do You Make Money From Kava?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/zebpay.com\/in\/blog\/what-is-kava\/#Can_You_Mine_Kava_Crypto\" title=\"Can You Mine Kava Crypto?\">Can You Mine Kava Crypto?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>Blockchains have been a revolutionary innovation for payments, data storage and finance. But they also have their shortcomings. The major concern many developers and users have is choosing the right blockchain since each one operates separately. Therefore, protocols must be built for each blockchain separately. Kava.IO is here to solve this problem.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Kava_Crypto\"><\/span>What is Kava Crypto?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Kava is a <a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-blockchain-layer-0-1-2-and-3\" target=\"_blank\" rel=\"noreferrer noopener\">layer 1 blockchain<\/a> that is focused on protocol growth and scalability. It is built on a \u201cco-chain\u201d architecture, based on both the Ethereum and Cosmos blockchains. The Cosmos co-chain ensures compatibility between 30 different blockchains using the Cosmos network. Additionally, the Ethereum co-chain creates a development environment compatible with the <a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-ethereum-virtual-machine-evm\" target=\"_blank\" rel=\"noreferrer noopener\">Ethereum Virtual Machine (EVM)<\/a>.\u00a0<\/p>\n\n\n\n<p>Its goal is to allow developers to create unique decentralised applications &#8211; or dApps &#8211; without worrying about network congestion or compatibility with other blockchains and protocols.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Does_Kava_Work\"><\/span>How Does Kava Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"384\" src=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/12\/How-Does-Kava-Work-1024x384.jpg\" alt=\"How Does Kava Works?\" class=\"wp-image-21297\" srcset=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/12\/How-Does-Kava-Work-1024x384.jpg 1024w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/12\/How-Does-Kava-Work-300x113.jpg 300w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/12\/How-Does-Kava-Work-768x288.jpg 768w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/12\/How-Does-Kava-Work-150x56.jpg 150w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2022\/12\/How-Does-Kava-Work.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p>Kava\u2019s key differentiating feature is its co-chain architecture. As described by their docs, the co-chains are like two hemispheres of a brain. The Cosmos co-chain can be used by developers comfortable with the Cosmos SDK. On the other hand, developers who use solidity can create using the Ethereum co-chain.&nbsp;<\/p>\n\n\n\n<p>The magic lies in their translator module. This connects both co-chains and ensures <a href=\"https:\/\/zebpay.com\/in\/blog\/everything-you-need-to-know-about-dapps\" target=\"_blank\" rel=\"noreferrer noopener\">dApps<\/a> developed on one can function seamlessly with the other.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kava_Network_and_Cosmos\"><\/span>Kava Network and Cosmos<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cosmos is a blockchain framework that simplifies the process of creating new blockchains. Kava is a <a href=\"https:\/\/zebpay.com\/in\/blog\/proof-of-stake-explained\" target=\"_blank\" rel=\"noreferrer noopener\">proof-of-stake<\/a> blockchain built using this framework.\u00a0<\/p>\n\n\n\n<p>The Kava network thus uses the Tendermint Core engine of Cosmos as its consensus mechanism. This is a Byzantine Fault Tolerance (BFT) system, which means that transactions can still be finalised even if some nodes are faulty or misbehaving.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kava_Ecosystem\"><\/span>Kava Ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Kava Ecosystem consists of the co-chains mentioned above, Cosmos chain participants and the KavaDAO.&nbsp;<\/p>\n\n\n\n<p>Any blockchain or applications built on the <a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-cosmos-atom\" target=\"_blank\" rel=\"noreferrer noopener\">Cosmos network<\/a> is interoperable with Kava thanks to the Cosmos hub and its inter-blockchain communication. Kava also supports tokens not native to Cosmos or Ethereum by converting them into wrapped tokens.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"KavaDAO\"><\/span>KavaDAO<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you are a staker or if you run a kava node for validation on the network, you can also participate in the KavaDAO. This is a decentralised autonomous organisation that governs the platform.&nbsp;<\/p>\n\n\n\n<p>Decisions such as network operations and incentive mechanisms can be voted on and implemented to advance the blockchain.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_To_Use_Kava_Crypto\"><\/span>How To Use Kava Crypto?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are two main uses for the KAVA token. Firstly, it is the governance token of the network. If you hold KAVA, you can join the KavaDAO and start voting on proposals for the blockchain.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kava_Lend\"><\/span>Kava Lend<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Kava Lend is the DeFi protocol of the Kava network. It creates a decentralised ecosystem for users to borrow and lend their crypto assets. There is no central authority that decides rates or who can take a loan. Instead, the system is managed entirely through smart contracts.&nbsp;<\/p>\n\n\n\n<p>If you provide liquidity to Kava lend users, you can earn KAVA tokens for your services. <a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-staking-crypto\" target=\"_blank\" rel=\"noreferrer noopener\">Staking<\/a> these tokens grants you a passive income through more KAVA and special HARD tokens.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pros_and_Cons_of_Kava_Coin\"><\/span>Pros and Cons of Kava Coin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pros_of_Kava_Coin\"><\/span>Pros of Kava Coin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>Easy To Earn &#8211; You can acquire KAVA passively by becoming a lender on the Kava Lend platform. This ensures a steady stream of LP rewards and ways to increase your stake without purchasing more tokens.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Efficient Ecosystem &#8211; The co-chain architecture of Kava makes it highly efficient and straightforward to use. Developers do not need to adapt to an entirely new environment and users can enjoy interoperability between dozens of services.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Governance &#8211; Holding KAVA allows you to join the KavaDAO and vote on important decisions for the protocol.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cons_of_Kava_Coin\"><\/span>Cons of Kava Coin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>Uncertain Future &#8211; Ethereum\u2019s Merge is just one step in all of its future upgrades. These improvements are geared towards improving the number of users Ethereum can service and reducing network costs. This may make the co-chain architecture unnecessary as all needs will be addressed by Ethereum.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Adoption &#8211; Kava is still a new project and has not been tested at scale. Until the project achieves widespread adoption, it will remain unclear if the co-chain architecture can support enough users reliably.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Kava presents an interesting alternative to the many layer-2 scaling solutions present for Ethereum. Its co-chain architecture not only solves Ethereum\u2019s scalability issues but also creates a unified network for many different blockchains and applications to work together. But only time will tell if the project can retain relevance after Ethereum\u2019s updates address its scalability.&nbsp;<\/p>\n\n\n\n<p>You can <a href=\"https:\/\/connect.zebpay.com\/account\/login?returnUrl=%2Fconnect%2Fauthorize%2Fcallback%3Fclient_id%3Deee7baaa-9d6c-43f1-9eb6-8174f62cd244%26redirect_uri%3Dhttps%253A%252F%252Fzebpay.com%252Fapp%26response_type%3Did_token%2520token%26scope%3Dopenid%2520profile%2520wallet%253Atransactions%253Aread%2520trade%253Aread%2520trade%253Acreate%2520wallet%253Aaddress%253Acreate%2520wallet%253Aaddress%253Aread%2520wallet%253Atransactions%253Asend%26state%3D316bc048da8846a7baf9024aa5954129%26nonce%3D4645edf6d7b84ef4b9069f47cb3d16b3\" target=\"_blank\" rel=\"noreferrer noopener\">buy KAVA<\/a> on ZebPay. Start achieving your financial goals with <a href=\"https:\/\/zebpay.com\/in\" target=\"_blank\" rel=\"noreferrer noopener\">Zebpay<\/a> Inda.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_KavaIO\"><\/span>FAQs on Kava.IO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1671794254891\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_Do_Kava_Loans_Work\"><\/span>How Do Kava Loans Work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To take a loan on Kava, you must first deposit the required collateral in the form of crypto tokens. Kava\u2019s loans are distributed as USDX, a stablecoin pegged to the USD through over-collateralization.\u00a0<\/p>\n<p>Therefore, you must deposit more crypto than the value of the loan you wish to take.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1671794284883\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_Do_You_Make_Money_From_Kava\"><\/span>How Do You Make Money From Kava?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>There are two ways to make money from Kava, providing liquidity and staking.\u00a0<\/p>\n<p>Providing liquidity means locking your digital assets into smart contracts. These assets can then be used by borrowers in the form of a loan. To compensate you for the service provided, you are rewarded with KAVA tokens.\u00a0<\/p>\n<p>Alternatively, you can stake your KAVA tokens from your crypto wallet and earn a passive income through that route.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1671794318764\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Can_You_Mine_Kava_Crypto\"><\/span>Can You Mine Kava Crypto?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Kava operates on the Tendermind consensus protocol, which is used for proof of stake blockchains. Therefore, it is not possible to mine KAVA as it does not support proof of work. You can only stake your tokens or delegate them to another validator to earn block rewards.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Blockchains have been a revolutionary innovation for payments, data storage and finance. But they also have their shortcomings. The major concern many developers and users have is choosing the right blockchain since each one operates separately. Therefore, protocols must be built for each blockchain separately. Kava.IO is here to solve this problem.&nbsp; What is Kava [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":21296,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21300"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=21300"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/21296"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=21300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=21300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=21300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}