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Throughout history, the Middle East has been the place where the oldest contracts were made. In this regard, especially Mesopotamia, the region in the eastern Mediterranean near the Tigris and Euphrates rivers that is sometimes referred to as “the cradle of civilization,” plays an important role. The topics of the contracts made in this region were as varied as the human relationships themselves. The main ones were Sales and Purchase warranties, whether for a slave, crop, or a house, Service contracts such as for repair of a home, Rental contracts, even one with a 60-year term, and Labor contracts such as for a ring with 20 years guarantee, Partnership contracts, Loan and end even Mortgage-like contracts, Marriage contracts with camels as dowry, Inheritance and of course afterwar Peace treaties.
The Kadesh project was born again in Mesopotamia with the awareness of preserving the continuity of history. The goal this time was to create the world’s first blockchain-based digital contracts, which would be signed using the biometric data of the parties. The project got its name not from any ordinary commercial agreement but from the Treaty of Kadesh, the earliest peace contract. Also, considering how desperately we need it today, we thought that a name reminding people of peace once again would be appropriate. Moreover, as the Treaty of Kadesh brought an end to centuries of conflict between the Hittite Empire and the Egyptians along the eastern Mediterranean, the Kadesh project emerged to bring perpetual peace to the world of smart contracts.
As it is known that although the use of smart contracts on the blockchain has become widespread since they first emerged, they have not yet gained legal and binding contract status. This is because smart contracts are based on the trustless trust principle, which states that the parties to the intelligent agreement do not need to know or trust each other. The Kadesh project seeks to combine the KYC protocol and the innovative contract system, allowing smart contracts to be signed with biometric data and thus become legally binding.
What is Kadesh?
Kadesh is an ecosystem that allows users to organize and biometrically sign smart contracts.
What is Kadesh Wallet?
Kadesh Wallet is a digital wallet application that allows users to manage their digital assets and perform payment, transfer, and contract transactions.
What is Kadesh Chain?
Kadesh Chain is the distributed ledger unit in the Kadesh ecosystem that stores digital contracts and authentication data.
What is KDS token?
KDS is the funding token used for transaction and commission payments in the Kadesh ecosystem built on the AVAX infrastructure.
What is a block in a blockchain?
The “block” in a blockchain refers to a block of transactions that have been broadcast to the network. The “chain” refers to a string of these blocks. When the network validates a new block of transactions, it is attached to the end of an existing chain. This chain of blocks is an ever-growing ledger of transactions that the network has validated. We call this single, agreed-upon history of transactions a blockchain. Only one block can exist at a given chain height. There are several ways to add new blocks to an existing chain. These are often termed “proofs,” i.e., Proof of Work (PoW), Proof of Stake (PoS), and Proof of Authority (PoA). All involve cryptographic algorithms with varying degrees of complexity.
How does blockchain work?
When a digital transaction occurs in a blockchain network, it is grouped in a cryptographically-secure “block” with other transactions in the same time frame. The block is then broadcast to the network. A blockchain network comprises nodes or participants who validate and relay transaction information. The union of transactions is verified by participants called miners, who use computing power to solve a cryptographic puzzle and validate the block of transactions. The first miner to translate and validate the block is rewarded. Each verified block is connected to the previously confirmed block, creating a chain of blocks.
What is a blockchain database?
Historically, databases have incorporated a centralized client-server architecture, in which a sole authority controls the central server. This design means that data security, alteration, and deletion rest with a single point of failure. The decentralized architecture of blockchain databases emerged as a solution for many of the weaknesses of centralized database architecture. A blockchain network consists of many distributed nodes––voluntary participants who must reach consensus and maintain a single transactional record together.
What is a blockchain?
A blockchain is a distributed, cryptographically-secure database structure that allows network participants to establish a trusted and immutable record of transactional data without intermediaries. A blockchain can execute various functions beyond transaction settlement, such as smart contracts. Smart contracts are digital agreements embedded in code, which can have limitless formats and conditions. Blockchains have proven themselves as superior solutions for securely coordinating data, but they are capable of much more, including tokenization, incentive design, attack resistance, and reducing counterparty risk. The first blockchain was the Bitcoin blockchain, which was a culmination of over a century of advancements in cryptography and database technology.