Blockchain

Kava Releases Kava 13 Upgrade Preview To Improve Performance

Key Points:

Kava has published a beta version of the Kava 13 upgrade.
Kava EVM 2.0 is included in the update, which will increase speed through full-node software optimization and flexibility.
It will also give the Kava DAO authority for liquidity provision, asset swaps, portfolio diversification, and other aspects.

Kava has published a beta version of the Kava 13 upgrade. The Kava 13 will provide architectural advancements to assist developers in scaling and accelerating their protocols, as well as optimizing the user experience throughout the Kava ecosystem.

Kava EVM 2.0 will increase performance by optimizing full-node software and expanding hosting service providers, eliminating downtime and speeding up the processing of massive volumes of data from protocols and wallets.

Substantial changes and enhancements to the Kava EVM will aid in new protocol onboarding by decreasing downtime and speeding up requests to handle huge volumes of data from both protocols and wallets.

The enhanced computational capacity of Kava 13 is the result of EVM software modifications that let transactions process quicker and simultaneously, as well as the addition of more dedicated hosting partners to help protect the network.

The new internal bridge leverages the security of IBC consensus to allow users to communicate native Cosmos assets to the entire suite of protocols running on Kava EVM.

Kava 13 contributes to the usefulness of wallets, dApps, and assets on the Cosmos SDK and EVM chain through the Cosmos-Ethereum bridge.

With the extension of the Strategic Vault function, Kava DAO will employ Any protocol capable of managing its treasury and sending resources to Kava for vault control.

The Kava 13 upgrade will offer the Kava DAO power over providing liquidity, asset swaps, portfolio diversification, and more, in addition to paying prizes to wallets or bulk wallets.

The price of KAVA has increased by more than 10% in the past 24 hours as of press time, thanks in part to the rising crypto market.

KAVA price chart. Source: TradingView

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.