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Analyst Mikro recently shared a viral thread about Kaspa on his X account, formerly known as Twitter. In the thread, he provided some fascinating insights about KAS and explained why he considers this project to be a “better Bitcoin” and a true digital silver.
According to Mikro, Kaspa is a revolutionary blockchain project designed to address Bitcoin’s core limitations. At its foundation, Kaspa introduces the world’s first blockDAG—a digital ledger that supports parallel block processing and enables instant transaction confirmations. This isn’t merely a technical enhancement; it’s a complete rethinking of how cryptocurrencies can operate.
The project’s mission is closely aligned with Satoshi Nakamoto’s original vision of a peer-to-peer electronic cash system. While Bitcoin has evolved into a digital gold and a store of value, Kaspa aims to position itself as digital silver—more practical and suitable for everyday transactions. The name “Kaspa” is derived from an Aramaic word that translates to silver or money.
$KAS – The Better Bitcoin / True Digital Silver
Kaspa is the fastest, open-source, decentralized & fully scalable Layer 1 in the world.
It solves the Trilemma & fulfills Satoshi’s vision of a peer-to-peer electronic cash system.
Welcome to the ultimate Thread & Onepager
… pic.twitter.com/OtrMJOPKOg
— mikro (@mikroweller) November 29, 2024
The team behind Kaspa is highly accomplished. The project is led by Yonatan Sompolinsky, a Harvard post-doctoral researcher who co-developed the GHOST protocol. Sompolinsky’s contributions to blockchain technology are significant, as he is even cited in the Ethereum whitepaper. The core team includes 17 developers, along with marketing and business professionals, all of whom are transparent about their identities.
What makes Kaspa unique is its innovative approach to blockchain architecture. Unlike conventional linear blockchains, Kaspa’s blockDAG processes blocks in parallel, significantly enhancing transaction speeds. Currently, the network operates at one block per second, with plans to scale to 10 blocks per second on the mainnet. The long-term vision includes achieving 100 blocks per second and over 1,000 transactions per second.
The project’s tokenomics are equally noteworthy. With a market cap of $3.8 billion and a circulating supply of 25.25 billion tokens, Kaspa was launched fairly in November 2021. There were no pre-mines, pre-sales, or special token allocations. The emission schedule is straightforward, with the supply halving annually.
Kaspa is not just creating a cryptocurrency; it is building an entire ecosystem, including the KRC-20 token standard. While current KRC-20 tokens are primarily Source: captainaltcoin.com