Cavada: Empowering Decentralization for Everyone!

FOUNDATION

A digital rampage occurred in the cryptocurrency space regarding building Decentralized Applications on smart contact platforms this last decade. This was caused by a rise in popularity and profit derived from successful decentralized projects such as Non Fungible Tokens (NFTs), Decentralized Finance (Defi), Peer to Peer (P2P) Gaming and Automated Market Maker (AMM) to mention a few. These projects succeeded in ushering in new demographics into the cryptocurrency ecosystem that previously didn’t have any knowledge or interests in it. NFTs brought in Artists and Celebrities, Gaming brought in gamers and Defi spurred the entire financial industry in a new direction. According to Coingecko, a renowned Market Tracker in the crypto industry, Defi Projects Market Capitalization stands at $72.5 Billion as of the time of this documentation. But admits this triumph, comes other problems lurking in the dark. Issues such as scalability and decentralization emerged and put a cog in the spinning wheel; dent(s) in the shiny armour. A deficit in scalability translates to slow processing of transactions which leads to heightened transaction fees. This is so because miners have to prioritize whose transaction they would pick up from the pool; resulting in a Bad Quality of Experience (QOE) for users. A lack of decentralization is another issue that has plagued the entire Decentralized system. The Core team at Cavada have noticed these problems and have invented creative solutions that would salvage the situation. ?

A REVIEW OF CAVADA

Cavada is a Tron Virtual Machine (TVM) which is also compatible with Ethereum Virtual machines. Cavada is a smart contract platform built to linearly scale, retain accurate decentralization and present robust security. All these can be achieved via the segregation of nodes in the network into minute factions. Cavada also splits workload and permits additional parallel processing. Permitting the platform to Scale horizontally by increasing the nodes elevating throughput. Cavada emphasises that a network with a huge number of nodes will translate to a greater degree of decentralization. The team behind the Cavada project also imbibes numerous distinctive features such as linear scaling, load detection, node rotation and auto-scaling to present a satisfactory user experience and prolonged sustainability of any layer-one smart contract platform. The core team behind the Cavada Project is also doing something remarkable in the Cryptocurrency landscape; they are supporting ecosystem projects to develop creative new applications on the Cavada platform. The platform will also be able to import well-known applications that have been created by other development teams. Financial and Technical support would also be made to bolster the Ecosystem, building layer-two solutions to expand transaction throughput and build decentralized bridges to convey assets between Cavada and other networks. The Cavada core team is aiming to obliterate scalability issues in Blockchain technology by delivering layered solutions. The core team is also working on creating an intuitive user interface that is compatible with any system configuration; this would lead to a satisfactory user experience which would generally elevate the perception of the Cavada ecosystem. The core team also aims to build a special application platform primarily for the decentralized app developers in the Cavada establishment. The core team will also make its platform’s Block time the fastest in the Cryptocurrency industry since it runs on Decentralized Proof of Stake (DPOS). DPOS presents a faster block time since it offers a highly scalable consensus algorithm making the speed of a Block time faster and superior. This is in contrast with a Proof of Work (POW) consensus which delivers a slow block time and consumes a lot of energy and computer resources. Cavada presents faster transactions circumventing the need for investors and traders to wait for minutes and in some cases hours for confirmation. Cavada functions on DPOS making it extremely secure since the validators are also part of the Cavada ecosystem and stakers. Cavada is high on interoperability since it supports interaction between numerous Blockchains via a Bridge.

?FEATURES OF CAVADA

? Massive Scalability and Low Transaction Fees

Cavada is taking decentralization further by scaling them; increasing transaction speed and processing time. Cavada also functions as a step-function inter-change in blockchain scalability, having the ability of powering the greatest apps in the world; all these at a minimal transaction fees.

? Solid Security

The Cavada team has a lot of plans under their hood to boost Cavada platform’s security. The team plans to implement Proof-of-stake (POS) with slashing, backup nodes, node rotation and permissive participation. The Cavada team would also be using Keccak- 256 hashing algorithm to enhance Blockchain security.

? Auto-scaling and High Fairness

Cavada would auto-scale automatically with respect to demand in the network ensuring that its functioning cost is low. This is help maintain a meagre gas fee. The core team would to a great extent process transactions on a Free-For –Service (FFS) basis to ascertain high fairness eradicating maximal extractable value (MEV).

? Simple Node Operation

The core team is ingeniously developing the Cavada system to historically offload data to archive nodes in addition to its linear scalability. To achieve this, the team is ensuring that hardware requirements needed to run the nodes would be very low. Graphics User Interface (GUI) would help achieve this; welcoming non-technical users to the business of running nodes seamlessly.

? True Interoperable

Cavada expertly authorizes different protocols of Blockchain technology to assiduously communicate with one another; enabling different chains to interact with each other and exchange data. This makes it easier to employ multiple different networks of blockchain system on a single platform.

? User Driven Governance

Governance in terms of a Blockchain network is a culmination and examines every aspect of norms, culture, law, codes, people and establishments. Cavada delivers user-driven governance of Blockchain with decentralization, attainability, equitability and managing investors’ numerous interests.

? High Energy Efficient

Blockchain Technology employs a ledger that is accessible and immutable between all the users and members with authorization. This fosters an escalation of trust, security, transparency and traceability of exchanged or shared data of all business networks. This tactics delivers high energy efficiencies presenting cost savings.

? Carbon Neutral

Cavada’s staking exercise would be using the Proof of stake consensus which consumes little to no energy in comparison to proof of work. This mitigates the negative harmful effect of mining on the environment, minimizing global warming from this perspective. The Cavada Foundation is devoted to being Carbon Neutral and erecting an enhanced energy-efficient digital asset industry.

CHALLENGES CAVADA TACKLES

? Adaptability

Cryptocurrency has made a great impact in the financial technology (Fintech) space. The landmark revolution Bitcoin achieved in the previous halving, reaching an all- time high of $69,000 has alerted a lot of Institutional Investors and other financial giants. A lot of establishments and financial platforms like Binary and Forex have made Bitcoin a payment option and trading commodity. But factors such as volatility and a definite regulation have made many establishments sceptical about going the bandwagon; adapting to cryptocurrencies’ financial and economic structure. Cavada is aiming to solve this problem by becoming a reliant independent liquidity provider. This would bring price stability making sceptics confident and reliant about the cryptocurrency preposition and Cavada itself.

?? High Electricity Consumption

Bitcoin and Ethereum mining is a very lucrative source of income for many crypto enthusiast around the globe but this comes with a caveat. The High Electricity consumption this mining machine consumes is a big problem. This has imposed a lot of financial implications on miners since they have to pay a high electric fee. This is another reason why people stray away from cryptocurrency as a whole. Cavada aims to tackle this problem by employ a Decentralized Proof of Stake Algorithm for its staking programme. DPOS consumes zero electricity and is Carbon neutral.

? High Transaction Fees

The exorbitant electrical cost of mining cryptocurrency also translates into other expenses as well; sadly, a high transaction fee is one of them. Sending Bitcoin over a Cryptocurrency network to another users cost up to $38 in December 2023. This caused a lot of grievance across the cryptocurrency community making investors calculative towards initiating a transaction. On the contrary, Cavada presents cheaper transaction fees welcoming new users to the platform, this puts smiles in the faces of investors making then free regarding the number of transactions they initiate. Cavada's transaction fee would be as low as $0.01 to $0.02.

?? Connectivity To Other Networks

Cavada is huge on interoperability which means that it can connect to a large number of Blockchain networks in the likes of Ethereum, Binance Smart Chain, Polygon Matic, Solana and Tron to mention a few; this puts Cavada at the heart of the ecosystem making it stand tall and proud. This gives Cavada an edge above Bitcoin and Ethereum. Making it well suited for any transaction or for other digital purposes. Cavada’s preposition also boasts a robust security providing safety to investors’ fund on its platform. On Cavada’s ingenious network, investors have access to all other network through one platform, preserving a lot of money and time. ?

Cavada Presale Events

The core team is carrying out presale events to raise funds which would be used to advance the Cavada project. The benefit of participating in this lucrative event is that you get to buy the Cavada token at a very meagre price and then sell when the team lists the token in exchanges at $0.3. This way, you get a return on your investment in a greater magnitude than you invested. Don't miss this golden opportunity. To participate, click the purchase link here and in the links section.

CAVADA EXCHANGE LISTINGS

There are many exchanges in the industry and they can be categorized into Tier 1, Tier 2 and Tier 3 exchanges. The core team at Cavada have chosen to list on Bitmart, Gate.io , MEXC Global and Bitget exchanges which fall in the Tier 1 category. This shows how committed the core team is at ensuring that the Cavada project gets global recognition and investors. Kindly familiarise yourself with these exchanges and sign-up without further ado.

CAVADA ROADMAP

The Roadmap below shows the team's near and distant mapped out plan. The Core team has a 3-year roadmap structure; where numerous Dapps and platforms are incorporated.

CAVADA TOKENOMICS AND SPECIFICATIONS

? Token Name: CAVADA

? Token Ticker: CAVADA

? Total supply: 9,000,000,000 CAVADA (Pre-Mined)

? Blockchain : Ethereum , Binance , Tron

? Standard Token: ERC20 , BEP20, TRC20

CONCLUSION

The Cavada core team is revolutionizing the Decentralized Segment of the Cryptocurrency Industry. There are combating scalability and decentralization since they would dampen the entire user experience of new and veteran users. Again, the core team's decision to include multiple networks is a welcome development since investors would not have to waste their precious time and money navigating through different platforms. The team is determined to remain Carbon Neutral by implementing the Proof of Stake Consensus. This is very crucial since global warming is one important discussion on the table on a global scale. The last global event was held in Dubai, United Arab Emirates (UAE) last year in a United Nations Climate Change Conference. Cavada's decision to make the transaction fees on its platform as low as possible and also become an independent liquidity provider would alienate most of the problems preventing the wide spread adoption of cryptocurreny on global scale. As an investor or Crypto enthusiast, you can't go wrong with the Cavada platform; be part of the Decentralized revolution today!

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?Author's Link

Name: Mr. David Okocha

POA: https://bitcointalk.org/index.php?action=profile