Good evening, viewers. Today, we bring you an important update from the world of cryptocurrency. The Kaspa community has recently introduced a new proposal, known as KIP 3, which aims to improve the Kaspa network’s overall functionality and performance. KIP 3, also known as the Kaspa Improvement Proposal 3, is a comprehensive plan that addresses several key areas of the Kaspa network. The proposal includes changes to the network’s consensus algorithm, updates to the mining process, and improvements to the overall user experience. One of the most significant changes proposed in KIP 3 is the switch from the current Proof of Work (PoW) consensus algorithm to a new hybrid consensus model that combines PoW with Proof of Stake (PoS). This change is expected to enhance the network’s security and reduce the energy consumption associated with mining. Another notable change proposed in KIP 3 is the introduction of a new mining reward system. The current system rewards miners based on the number of blocks they mine, but KIP 3 proposes a new system that rewards miners based on their contribution to the network’s overall security and stability. Finally, KIP 3 includes several updates to the user interface and overall user experience. These updates aim to make the Kaspa network more accessible and user-friendly, particularly for new users who may not be familiar with cryptocurrency. The Kaspa community is currently reviewing KIP 3, and it is expected to be implemented in the coming months. This proposal has the potential to significantly improve the Kaspa network and make it more competitive in the crowded cryptocurrency market. That’s all for now. We will continue to keep you updated on any further developments regarding KIP 3 and the Kaspa network. Thank you for tuning in.

May 24, 2023 | News

A new technique called ‘Block Sampling’ has been proposed by Shai Wyborski and Michael Sutton, two key players in the Kaspa community, to enhance the efficiency and fairness of mining operations within the Kaspa network. This technique aims to improve how difficulty levels for mining are calculated, addressing issues with the current system.

In the world of digital currencies, transactions are recorded in blocks that are added to a blockchain. Miners solve complex math problems to add these blocks, and the Difficulty Adjustment Algorithm (DAA) determines the difficulty level of these problems. However, the current DAA system can become less efficient if the rate of creating new blocks increases, and miners with unsynchronized clocks may face delays in adding blocks.

The proposed ‘Block Sampling’ method would simplify the process by selecting a few sample blocks instead of considering all past blocks when setting the difficulty level for the next block. This method follows a deterministic and secure approach, ensuring a fair chance for every block to be picked without any miner cheating the system.

If implemented, this method would also slightly alter how miners earn rewards, with a block’s ‘blue score’ playing an even more critical role. To implement KIP: 3, a ‘hard fork’ would be required, a significant update that all network users must adopt. Although just a proposal for now, KIP: 3 aims to prepare the Kaspa network for future growth and enhance its overall efficiency.

Good evening, everyone. I’m here to bring you the latest update on the development of Kaspa, the new decentralized cryptocurrency that is being built on the Rust programming language. The team behind Kaspa has just released their Alpha update, and it’s an exciting time for the project. The Alpha update is a significant milestone for Kaspa, as it marks the first time that the public can see and interact with the network. The team has been working tirelessly to get to this point, and they are proud to announce that the network is now live and running smoothly. One of the key features of Kaspa is its use of the Rust programming language, which is known for its safety and performance. The team believes that Rust is the perfect choice for building a secure and efficient cryptocurrency, and the Alpha update is a testament to that. In addition to the launch of the network, the Alpha update also includes a number of other improvements and new features. The team has implemented a new consensus algorithm, which they say will make the network more secure and scalable. They have also added support for smart contracts, which will allow developers to build decentralized applications on top of Kaspa. Overall, the Alpha update is an exciting step forward for Kaspa, and the team is looking forward to seeing how the community will use and build upon the network. Stay tuned for more updates as the project continues to develop.

May 15, 2023 | News

The Kaspa platform is undergoing a major upgrade with the Rust rewrite, also known as Rusty Kaspa. This upgrade is expected to make the platform faster, more stable, and more secure for users. The development team is currently working on several tasks and tests to prepare for the beta release, which is estimated to be ready in two to three weeks.

Some of the key improvements being made include automatic pruning of block headers, block sampling for difficulty adjustment, and enhancements to the Application Programming Interface (API). These changes will streamline processes and improve efficiency for the platform.

Rusty Kaspa is currently in its alpha stage and has been deployed to both the mainnet and testnet. Initial responses suggest that it is performing well with no significant issues. The beta release will include a 4BPS testnet launch for a few days, which will provide valuable insights for future planning.

Overall, Rusty Kaspa is a strategic move to enhance the functionality, efficiency, and user experience of the Kaspa platform. The development team is optimistic about the progress made so far and the potential benefits for the greater crypto ecosystem.

Breaking News: Uphold Announces a New Exchange Listing In a major development for the cryptocurrency community, Uphold has announced that they have added a new exchange listing to their platform. This move is expected to provide users with more options and greater accessibility to a wider range of digital assets. Uphold, a leading digital money platform, has been at the forefront of providing innovative solutions to the ever-evolving world of finance. With this new listing, Uphold is further solidifying its position as a go-to platform for those looking to invest in cryptocurrencies. The new exchange listing will enable users to buy, sell, and hold a variety of digital assets, including Bitcoin, Ethereum, and Litecoin, among others. This expansion of offerings is in line with Uphold’s commitment to providing a seamless and user-friendly experience for its customers. The news of the new exchange listing has been met with excitement from the cryptocurrency community, with many praising Uphold for its continued efforts to make digital assets more accessible to the masses. As the world of finance continues to evolve, Uphold’s new exchange listing is a clear indication that the company is poised to remain at the forefront of the industry. Stay tuned for more updates as Uphold continues to innovate and provide users with the best possible experience in the world of digital finance.

May 11, 2023 | News

Kaspa, a digital asset, has been added to Uphold, a global trading platform that offers a variety of assets including cryptocurrencies, forex trading, and stocks in certain regions. Starting May 11th, 2023, users can buy, sell, hold, and trade Kaspa on the platform. However, it is important to note that at launch, Kaspa will be classified as a “Tier 4” asset, meaning users cannot withdraw it to cold storage but can still trade it on the platform.

Uphold is known for its user-friendly interface, quick account setup, and low minimum deposit requirements. The addition of Kaspa to their platform is expected to attract more users and expand the Kaspa ecosystem. Uphold takes security seriously, using advanced encryption and monitoring systems to protect users’ assets.

The decision to fully integrate with the Kaspa Network will depend on the coin’s performance and user interest. Uphold regularly reviews its integration roadmap every quarter and anticipates that Kaspa will be included in the future.

For more information on Uphold’s transparency regarding their reserves and Tier 3 and Tier 4 listings, users can visit their transparency page.

In summary, the inclusion of Kaspa on Uphold’s platform marks a significant milestone for the cryptocurrency sector and offers more opportunities for trading and investment in digital assets.

This week, we’re taking a closer look at the top five cryptocurrencies that are raising concerns with their recent performance. Here’s what you need to know about these digital assets that are showing red flags.

May 9, 2023 | News

Over the last seven days, the cryptocurrency market has seen a significant downturn, with the top five digital currencies losing a substantial portion of their value. According to CoinGecko, a leading crypto market tracker, the market has dropped by 2% just in the past day, adding to the ongoing decline. This downward trend has been exacerbated by the recent failure of First Republic Bank, which has cast a shadow over the banking industry as a whole.

As concerns about the banking sector mount, investors are on edge as they await the upcoming release of the Consumer Price Index data this Wednesday. With this critical information on the horizon, those involved in cryptocurrency trading should proceed with caution, as these assets are particularly sensitive to market shifts during such times. The following are the top five cryptocurrencies that have raised red flags over the past week.

This Week’s Top 5 Cryptos Raising Concerns:

XRD
Despite generating some excitement with its Consensus 2023 event, XRD has not been immune to the broader market’s downturn. CoinGecko data indicates that the token’s value has plummeted by 20% over the past week, signaling that it may not be a strong investment at this time. Currently, Radix is trading below the $0.08389 support level, and while there’s potential for recovery if it holds above this threshold, the token remains highly influenced by market forces. Keeping an eye on Bitcoin and Ethereum’s movements will be crucial in the coming days.

IMX
Immutable has been ambitiously working towards becoming the leading blockchain for Web3 gaming on Ethereum. Despite ongoing development within the IMX ecosystem, this vision has yet to materialize, as reflected by a nearly 20% drop in its value over the week. The token is trading at $0.797, just above its $0.721 support level. Maintaining this support is critical for IMX, as any further decline could exacerbate losses for investors.

LUNC
Following a targeted attack on one of its DeFi projects, LUNC saw a dip in investor confidence. Although there has been some recovery, external market pressures continue to weigh down on the token. Coinglass data reveals that short sellers slightly outnumber long buyers, indicating bearish control. After a nearly 19% drop over the week, LUNC is trading below its July 2022 support at $0.00009390.

KAS
Kaspa aims to be the fastest proof-of-work layer 1 blockchain and has continued its efforts despite market challenges. Even with a recent listing on KuCoin, KAS has struggled over the past week, depreciating by 20%. A critical support level at $0.024814 is now under threat, and bulls need to reclaim this ground to avoid further losses and potentially push towards the $0.036947 resistance.

ICP
The Internet Computer’s dApp ecosystem may be thriving, but ICP itself has faced difficulties gaining traction recently. CoinGecko reports an 18% decrease in value over the week, reflecting investor hesitancy amid general market instability. With bears aiming for a $4.888 price point, ICP supporters must defend this support level to prevent further declines.

In light of these developments, those involved in the crypto market should stay informed and exercise caution in their investment decisions.

-Featured image from TechCentral

Source: bitcoinist.com

Bitget, a leading cryptocurrency exchange platform, has announced the listing of a new digital asset on their platform. The exchange, known for its user-friendly interface and wide range of trading options, has added the highly anticipated token to its growing list of tradable assets. The new listing comes at a time when the cryptocurrency market is experiencing significant growth and interest from investors. Bitget’s decision to list the new token is a testament to their commitment to providing users with access to the latest and most promising digital assets. The token, which has been gaining traction in the crypto community, is expected to bring in a new wave of traders and investors to the exchange. Bitget’s team has been working tirelessly to ensure that the integration of the new token is seamless and that users can start trading it as soon as possible. The listing of the new token on Bitget is a significant development for the cryptocurrency market, and it is expected to have a positive impact on the exchange’s trading volume and user base. With this new addition, Bitget continues to solidify its position as a leading exchange in the industry. Stay tuned for more updates on this exciting development.

May 9, 2023 | News

Kaspa, a cryptocurrency project, has been listed on Bitget, a top 10 crypto exchange platform, as of 11:00 am UTC on May 9th. This new listing gives Bitget users the opportunity to trade Kaspa (KAS) and diversify their digital asset portfolios.

Bitget, established in late 2018, is known for its social trading focus and serves over two million users across 50 countries. The exchange offers various trading options including spot, margin, futures trading, and staking. With a quick listing process, Bitget supports emerging projects and provides them with exposure and liquidity.

Users can now trade the KAS/USDT pair on Bitget, with deposits and withdrawal schedules to be announced soon. The listing of Kaspa aligns with its mission to create a practical everyday currency and promote the use of cryptocurrency.

Bitget also has its own native ERC-20 utility token, BGB, which offers benefits such as discounted trading fees and exclusive promotions to holders.

For more information on Kaspa, users can visit their official website, wiki page, or follow them on social media platforms like Medium, Teletype, Discord, Telegram, Twitter, Reddit, GitHub, and their blockchain explorer. The original announcement can be found on Kaspa’s website.

In recent news, a new cryptocurrency called Kaspa has emerged as a potential solution to Bitcoin’s scalability issues. Developed by a team of experienced blockchain engineers, Kaspa claims to be able to handle a much larger volume of transactions per second than Bitcoin, making it a promising alternative for those looking for a more efficient and cost-effective way to transfer digital currency. Kaspa utilizes a unique consensus mechanism called GHOSTDAG, which allows for faster block times and increased security. This means that users can expect quicker transaction confirmations and lower fees compared to Bitcoin. Additionally, Kaspa’s developers have implemented advanced privacy features to ensure that users’ transactions remain confidential. While Bitcoin has long been the dominant cryptocurrency, its slow transaction speeds and high fees have been a source of frustration for many users. With Kaspa’s innovative technology, it may soon become a serious contender in the digital currency space. As the cryptocurrency market continues to evolve, it will be interesting to see how Kaspa’s adoption and performance compare to Bitcoin in the coming months. For now, it seems that Kaspa may offer a viable solution for those seeking a more efficient and private way to conduct digital transactions.

May 8, 2023 | News

Bitcoin Faces Network Overload and Rising Transaction Costs

The popular cryptocurrency Bitcoin is currently experiencing significant network congestion, with an overwhelming 390,000 transactions pending confirmation. This jam has caused transaction fees to skyrocket by 343% in just 11 days, leaving many users frustrated by the slow processing times. The surge in activity is primarily due to the increased creation and transfer of Ordinal inscriptions and BRC20 tokens, pushing Bitcoin’s blockchain technology to its limits.

Amidst this chaos, Kaspa, a proof-of-work cryptocurrency known for its remarkable speed, appears as a viable alternative free from these congestion woes. Its architecture features the GhostDAG protocol, allowing for multiple blocks to be processed at once, unlike Bitcoin’s single-block-at-a-time approach.

Kaspa boasts an impressive block time of one second per block, dwarfing Bitcoin’s 10-minute block time. In practical terms, while Bitcoin processes a mere 6 blocks per hour, Kaspa can handle 3,600 blocks in the same timeframe. This means that Kaspa could clear the same 400,000 transactions clogging up Bitcoin’s network in just 22 minutes – a task that would take Bitcoin several hours.

With upgrades like the Rust rewrite and the integration of the DAGKnight protocol on the horizon, Kaspa aims to further boost network speeds and adaptability. This positions Kaspa as a resilient and efficient choice for those seeking quick and secure transactions without the headache of network delays.

In conclusion, as Bitcoin grapples with its current transaction backlog and mounting fees, Kaspa emerges as a strong contender with its cutting-edge technology and commitment to fast, decentralized, and secure transactions. It is poised to make a significant impact on the future of finance as a reliable alternative for everyday use.