Kaspa, a relatively new cryptocurrency, has just set a new benchmark in the industry by achieving an impressive 10 transactions per second (BPS) on its testnet. This milestone was reached during a recent test run and has left many in the cryptocurrency community impressed with its performance. The achievement of 10 BPS is a significant feat for Kaspa, as it is a clear indication of the cryptocurrency’s scalability and potential for mass adoption. With this level of performance, Kaspa has demonstrated that it can handle a high volume of transactions without experiencing any significant slowdowns or issues. The testnet run was conducted by the Kaspa development team, who have been working tirelessly to improve the cryptocurrency’s performance and usability. The team has stated that they are committed to continuing to push the boundaries of what is possible with Kaspa and are already working on further optimizations to increase its BPS even more. This news is sure to catch the attention of investors and users alike, as Kaspa’s impressive BPS puts it ahead of many other cryptocurrencies in terms of speed and efficiency. With its ability to handle a large number of transactions quickly and reliably, Kaspa is poised to become a major player in the cryptocurrency market. Overall, Kaspa’s achievement of 10 BPS on its testnet is a significant milestone for the cryptocurrency and sets a new benchmark for others to follow. As the development team continues to improve upon this performance, we can expect to see even more impressive results from Kaspa in the future.

Kaspa, a leading proof-of-work platform, has announced a groundbreaking achievement on its testnet. The company has successfully reached a rate of 10 Blocks Per Second (BPS), setting a new standard in the cryptocurrency industry.

The platform launched Testnet 11, a public experimental network, to achieve this impressive block rate. This development opens up new opportunities for innovation in the field of cryptocurrency.

Yonatan Sompolinsky, Founder of Kaspa and co-author of the GHOSTDAG protocol, expressed his excitement about the achievement. He emphasized that the system’s high sensitivity to errors and the need for top-notch execution capabilities make this a significant milestone.

Michael Sutton, a core developer at Kaspa, highlighted the importance of performance in cryptocurrency scalability. He pointed out that the scalability of a cryptocurrency is now limited by computation limits, not the protocol itself.

Shai Deshe, a Kaspa researcher, added that this is the first time a public proof-of-work network has achieved such high transaction rates on affordable hardware. He mentioned that surpassing 3000 TPS has been surprisingly effortless and raised the possibility of outperforming VISA.

This achievement is a significant step forward in realizing Satoshi Nakamoto’s vision of an efficient and widely adopted cryptocurrency. Kaspa’s use of blockDAG technology to handle high transaction volumes paves the way for future innovations in digital currencies.

Witness this historic milestone live on the Kaspa Twitch channel: https://twitch.tv/kaspacurrency.

About Kaspa:
Kaspa is the fastest and most scalable instant confirmation transaction Layer-1 built on proof-of-work. Using the GHOSTDAG protocol, Kaspa offers high block rates while maintaining security and decentralization.

For more information, visit the Kaspa website at https://kaspa.org, follow them on Twitter at https://twitter.com/KaspaCurrency, or read their Medium blog at https://medium.com/kaspa-currency.

Media Contact:
Nathaniel Crowningshield
Email: [email protected]
Website: https://kaspa.org

The original announcement can be found on Kaspa’s website: https://kaspa.org/kaspa-achieves-10-bps-in-testnet-sets-a-new-benchmark-in-cryptocurrency.