The Kava Network is a Layer-1 blockchain to combines the speed and scalability of the Cosmos SDK with the developer support of Ethereum.
The Ethereum Co-Chain enables support for EVM smart contracts while the Cosmos Co-Chain enables the fast Tendermint consensus engine and the Inter Blockchain Communication Protocol (IBC). The Kava Network will empower developers to build for Web3 and blockchain technologies through its co-chain architecture. Kava Protocol is the set of rules and behaviors built into the Kava Chain that enables advanced Decentralized Finance (DeFi) functionality like permissionless borrowing and lending.
KAVA is the native governance and staking token of the Kava Network, enabling its decentralization and security. Kava Chain is secured by its token KAVA and it is used across the full chain as a transport and a store of value. It is given as a reward for minting USDX on the Kava app.
The Kava Network utilizes a co-chain architecture that delivers the development power of Ethereum and the scalability, interoperability, and low transaction fees of Cosmos in a single network. The Kava Network empowers developers with Flexible Deployment, On-Chain Incentives, and Seamless Interoperability.