Why Kava could become this week’s hottest cryptocurrency due to zero inflation

Kava has announced that a very special initiative will be launched next week. This adjusts the so-called tokenomics: Kava goes to 0 inflation! What a coincidence, because this cryptocurrency has been tradable on BLOX since November!

December 7 is important for kava

Kava 15 will go live on Thursday, December 7. This is a new version of the Kava blockchain. This paves the way to reduce inflation to zero. The plan is for this to come into effect from midnight on December 31st.

We hope that our new political elite can also guarantee that there will be no more inflation from the turn of the year.

Despite all election promises, a central bank without inflation is unthinkable. Whatever number is at the top of the pyramid, the money printer simply turns on again. Another reason why blockchain and cryptography are much better alternatives.

Even Bitcoin has no 0 inflation

With encryption, things work differently. Almost no cryptocurrency has zero inflation, not even Bitcoin. What Kava does can rightly be called something special. How does this work?

Available Kava Coins are assigned a maximum number equal to the maximum supply. In addition, new Kavas can no longer be added. So there is no mining like with Bitcoin.

It can only be the other way around, only coins can be destroyed. This ensures that there is less and less kava available over time, creating a kind of artificial scarcity.

Good for kava races?

In theory, this could be good for kava prices. It should make kava a more attractive investment. Remember: when inflation is high, you can buy less and less with your money, and the currency becomes less and less valuable. No amount of inflation guarantees that something will be a stable investment.

The update does much more than just eliminate inflation, it also makes it easier for developers and users to create and use apps. The focus is on network stability and a more sustainable blockchain model.