On January 7th, 8 PM UTC, a significant moment for Kaspa will unfold as Testnet 11 (TN 11) launches its second phase. This release marks another exploration into the innovative Rust codebase, pushing the limits with an unprecedented 10 blocks per second (BPS) on a proof-of-work (PoW) network. Developers and crypto-enthusiasts will converge to test the PHANTOM GHOSTDAG protocol, bringing it to life through Rust.
More than just a test space, Testnet 11 is a dynamic simulation environment. It serves as an accelerated microcosm of an entire digital ecosystem, processing a vast number of transactions eager for instant settlement. The protocol faces intense testing and optimization, simulating real-world conditions to ensure utmost efficiency and security.
Embracing Rust in Kaspa
Migrating Kaspa’s programming language from Go to Rust is a strategic move to boost performance and handle the complex BlockDAG structure. This switch paves the way for reaching 10 BPS, offering enhanced scalability and transaction throughput potentially up to 3,000 TPS. Rust boasts benefits like superior performance, memory safety, and a supportive crypto community.
Latest Enhancements in Testnet 11
Since its initial launch, Testnet 11 has incorporated several improvements to optimize network performance. Key updates include enhanced high BPS Peer-to-Peer (P2P) communication and storage efficiency, along with smarter caching and parallel block processing, solidifying Kaspa’s innovative edge.
Joining Testnet 11
Engaging with Testnet 11 is simple. The core requirement is the Rusty Kaspa software, which integrates your system with the network. CPU mining is the exclusive mining method for TN 11, offering simplicity and accessibility to all users. While transaction simulation is optional, CPU mining remains central to contributing computational power to the network.
For optimal performance, a system with at least 16GB of RAM, an 8-core CPU, and a 128GB SSD is recommended.
For assistance and discussions, join the Kaspa Discord #testnet channel or check out #rust-rewrite for insights on Rusty Kaspa’s development.
Elevating PoW Consensus Standards
The performance of Testnet 11 is instrumental in shaping Kaspa’s trajectory, especially the migration to 10 BPS speeds on the mainnet. These tests are key in identifying optimizations for a future powered by Rustlang.
To dive deeper into the Rust rewrite and Testnet 11 participation, visit the Rusty Kaspa GitHub page. Remember, TN 11 is experimental and may experience some instability as part of the development process.
The deployment of Testnet 11 marks a noteworthy leap in crypto innovation, creating a platform for rigorous testing and strengthening Kaspa’s PHANTOM GHOSTDAG protocol foundation. It’s a decisive step towards achieving even faster speeds of 100 BPS.
Note: Testnet 11 is a test environment, so expect potential instability and downtime as part of ongoing experiments — it’s all part of the process.
Release Notes Summary
Testnet 11 Enhancements
The latest updates focus on refining P2P communication at high BPS, improving storage efficiency to handle increased data loads, and optimizing caching mechanisms. Other changes include parallel block processing and various fixes from initial testing insights.
Additional Updates for Rusty Kaspa
Improvements also encompass node initialization for better overall health and functionality, a wallet and metrics overhaul providing a solid base for the new KNG wallet, and UPnP enhancements for
Crypto Exchange Uphold Announces Removal of Dogecoin, Shiba Inu, and Cardano from Canadian Platform
Crypto exchange Uphold has made the decision to remove a selection of cryptocurrencies, including Dogecoin, Shiba Inu, and Cardano, from its offerings in Canada. This move comes as the exchange aims to comply with the country’s cryptocurrency regulations.
In a recent communication to its Canadian users, Uphold disclosed that it would be delisting 10 cryptocurrencies classified as Tier 3 assets. The decision is part of the exchange’s efforts to align with the Pre-Registration Undertaking agreement with the Ontario Securities Commission, a step towards obtaining proper registration in Canada.
The affected cryptocurrencies include Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), XDC Network (XDC), Kaspa (KAS), Hedera (HBAR), Stellar (XLM), VeChain (VET), Injective (INJ), and Casper (CSPR). Additionally, all Tier 4 tokens in the region will also be delisted, which encompasses other cryptocurrencies like Terra Classic (LUNC) and the Solana-based BONK meme coin.
Despite this, not all Tier 3 tokens are facing delisting. Bitcoin, Ethereum, and XRP will remain on the Uphold platform. This is not entirely unexpected, as Bitcoin and Ethereum are leading assets in the space, and Uphold has a strong partnership with Ripple, the parent company of XRP.
For those holding Dogecoin, Shiba Inu, and Cardano, Uphold has provided a 30-day window to either withdraw their holdings or convert them into other supported cryptocurrencies on the platform. After January 15, 2024, any remaining assets will be automatically converted into Canadian Dollars (CAD), as per the exchange’s policy.
This development adds another layer of challenge for the affected cryptocurrencies, which have already been facing difficulties in sustaining their positive market momentum.
The Rusty-Kaspa team has been working hard on the testnet 11, leading to some delays as they implement new performance improvements. These improvements are complex and require careful coding, resulting in the postponement of the public Testnet 11 run. Recently, two significant enhancements have been made:
First, the team has optimized how child blocks are tracked, reducing the number of database writes needed per block. This change alone has improved performance by over 80%.
Second, they’ve improved reachability queries, which are essential for the GHOSTDAG protocol. This optimization has significantly lessened the strain on the system’s disk space.
These updates have more than doubled the header processing rate of the client, especially benefiting machines with lower memory. The team is now focused on merging these changes and beginning internal testing.
For more details on this update, visit Kaspa’s official website. This report is brought to you by Kaspa.
The team at Kaspa has been hard at work with a variety of app integrations, new exchanges, and global meetups. They have also been making significant progress on the RUST Re-write and other developments, with more contributors joining the effort.
Kaspa recently provided an update on the 10bps Testnet 11 relaunch, revealing that internal testing has identified areas for improvement. The team is currently addressing these issues and plans to conduct an internal relaunch on December 2nd. If successful, a public relaunch will be scheduled.
Additionally, Kaspa has completed a major refactor to optimize record storage in the local database, which is currently being tested. This improvement is expected to greatly enhance performance and efficiency.
For those interested in the technical details, references to the GitHub pull requests and issues can be found on Kaspa’s website.
The full update can be read on Kaspa’s website, where the original post “Rusty Kaspa Update-12-23” was published.
From December 4th to 6th, 2023, a significant event in the digital innovation and blockDag technology sector took place. IronWeb, an online national student competition organized by 10h11 and led by Julien Daubert, attracted over 500 second-year university students from ISEG. These students, all trained in digital marketing and communication, participated in the competition to enhance their skills in data utilization, artificial intelligence (AI), and web3.
The three-day event encouraged teamwork and innovation. Students formed teams of 3 to 5 members, selected a topic at the start of the competition, and developed a comprehensive digital strategy using various tools to refine their approach each day.
A key highlight was on the third day when students explored decentralized payment systems. Each team created a KASPA wallet, demonstrating their willingness to adopt decentralized payment methods for their projects.
Additionally, HyperCycle, a leader in decentralized AI, played an essential role in educating the students about the potential of decentralized technologies. This partnership underscored the importance of collaboration between industry and academia in developing future tech innovators.
The enthusiasm of the students was evident through the team photos with their KASPA wallets, showcasing their excitement to embrace blockchain technology.
In conclusion, IronWeb 2023 was more than just a competition. It was an opportunity for young people to explore the vast possibilities of blockchain and related technologies. As these students move forward, they are equipped with the knowledge and experience gained from IronWeb to lead the way in the digital world. This event is a prime example of how passion, innovation, and education can come together to shape a brighter future in technology.
The original post can be found on Kaspa’s website.
After experiencing a slight pullback on Monday, LUNC has resumed its upward trajectory. The cryptocurrency has seen a significant increase in value, with a double-digit percentage rise in the past day, pushing its price back over the $0.0001 mark. As the momentum continues, CoinCodex’s machine learning algorithm has offered a forecast for when LUNC’s price may hit $0.0005.
LUNC’s Journey to $0.0005: A Timeline
CoinCodex’s machine learning algorithm remains optimistic about LUNC’s future price, although it suggests that reaching the $0.0005 milestone is not imminent. The algorithm’s predictions for the next five days and the following month both indicate a price level of $0.000118, with little fluctuation expected.
However, the algorithm projects a longer-term view that LUNC’s price could surpass $0.0005 by 2028. That same year, it also anticipates a potential dip to as low as $0.000049. The highest predicted price within the next seven years, until 2030, is $0.000504, after which a significant downturn is expected, potentially adding six zeros to its current value.
Regarding market sentiment towards the digital asset, the outlook remains predominantly positive with 22 indicators signaling bullish and 11 bearish, resulting in a bullish sentiment index of 67% versus a bearish 33%.
LUNA Classic’s Remarkable Market Performance
LUNC’s price surge has extended into Wednesday morning, achieving nearly a 30% increase from its Tuesday low. This positions LUNC among the market’s top performers, trailing only behind SEI network and USTC in terms of gains.
This price increase coincides with a decrease in LUNC’s trading volume. CoinMarketCap data indicates a roughly 20% drop in daily trading volume, suggesting reduced selling activity and leaving buyers to push the price higher.
Currently, LUNC is trading at $0.0001222, marking an approximate 30% rise within 24 hours. If the selling pressure continues to ease, LUNC’s price could potentially breach the $0.00015 mark before the day ends.
Simultaneously, USTC, LUNC’s counterpart, has experienced an impressive 50% surge in a single day. This rally may be attributed to a recent community proposal aimed at restoring both tokens to their former prominence.
