Michael Sutton, one of the core developers on Kaspa took to Medium today to announce a major milestone with the official release of its first stable Rusty Kaspa (RK) node (version 0.14.1). This marks a significant shift for the network, paving the way for faster transaction processing, improved scalability, and a more robust foundation for future advancements.
The Dream Realized: Unleashing Performance with Rust
The vision behind the RK node project proposed two years ago, was to create a powerful and efficient engine for the Kaspa network. This vision has become a reality with the release of the stable version. A talented international team of developers maintains the new Rust-written codebase, which boasts exceptional quality.
Early Adoption Shows Promise
Even during its open beta phase, the RK node has significantly impacted the Kaspa network. Already, roughly a quarter of the network’s nodes are running the RK software, and nearly 30% of the network’s mining power is directed through them. This early adoption is a testament to the performance improvements users are experiencing with the new node.
Benefits for Network Participants
The transition to RK nodes offers several key advantages for those involved in the Kaspa network:
Reduced Storage Footprint: Unlike the previous Golang nodes, which only pruned transaction data, RK nodes constantly prune headers as well. This translates to lower and more consistent disk usage for node operators.
Blazing-Fast Sync Times: RK nodes leverage parallelism to significantly accelerate the processing of headers and blocks. This is particularly noticeable during initial block downloads (IBD), where RK nodes boast much faster speeds.
Enhanced RPC Software Stack: The RPC interfaces have received an upgrade in design and will be further expanded in the near future. This includes the introduction of a fully-featured transaction index.
Transitioning to the New Era
The Kaspa development team is aiming for a smooth transition to the new node software. They have provided detailed instructions for various user groups:
Existing RK Beta Participants: Upgrade to version 0.14.1 for improved stability and bug fixes.
Golang Node Operators: Stagger the switch by picking a random number between 0 and 7 to choose a day for the upgrade. Be prepared to resync the new node from scratch as it uses a different database. Consider running both the Golang and RK nodes in parallel for a period of time to ensure stability.
Golang Archive Node Operators: RK nodes support archival mode, but a complete migration process is not yet available. Continue running the Golang node for archival purposes until the migration tool is released.
Mining Pools: Start experimenting with the RK node by allocating a small portion of your hashrate to it. Gradually increase this percentage until all mining operations are running through RK nodes. Coordinate with the Kaspa development team for timing and hashrate allocation.
Exchanges and Transaction Confirmation Service Providers: Test the RK node in your test environments first. Since it implements the same gRPC API as the Golang node, it should function as a drop-in replacement. Gradually move your services to run on the RK node after ensuring familiarity and stability. Update your Kaspawallet Golang CLI wallets to version 0.12.17 for compatibility with RK nodes.
Wallet Developers: Follow the simplified instructions outlined in KIP9 (Kaspa Improvement Proposal 9). Test your wallets extensively with the RK node. A detailed guide with a reference implementation for fully adapting wallets to KIP9 will be released soon.
Normal Users: No action is required. However, some minor issues might arise with very small payments while wallet developers adapt to the new software.
A Glimpse into the Future
The RK codebase has already served as the foundation for the development of a rich software stack. Future announcements will delve deeper into these exciting projects, including:
Kasp NG (KNG): This feature-rich desktop application integrates the RK P2P node and connects to the public P2P network infrastructure. With KNG, even novice users can contribute to the network’s decentralization by running a local node.
WASM SDK: The WASM SDK enables developers to integrate the RK framework into web browsers, Node.js environments, and Chrome extensions. This opens up numerous possibilities for innovative applications built upon the Kaspa network.
The release of the stable RK node marks a significant milestone for the Kaspa network. With its enhanced performance and scalability, the network is well-positioned for continued growth and innovation in the years to come. The Kaspa development team deserves significant credit for their dedication and expertise in bringing this project to fruition.
Introducing Kaspa.org News: KASPLEX XSpaces Script 🎙️For today’s AMA, we’ve invited Khris, the co-founder and project manager of Kasplex, to answer everyone’s questions. Hello everyone, great to be part of this AMA. I’m Khris, the project manager and co-founder of Kasplex. I am sure many of you have been hearing a lot about Kasplex through various channels in recent months. Especially the Twitter topic about KRC20. Some of the guesses were accurate, but others are not quite spot on. So, I will first introduce what we are working on. For our team, we are a non-profit organization funded by Kaspa Ecosystem Foundation. and Kasplex is our project that aims to act as an infrastructure on Kaspa, to allow developers, artists, and influencers to launch their projects easily on Kaspa. Some people may confuse KRC20 with Kasplex. KRC20 is the first protocol based on Kasplex, allowing for the minting, deployment, and transfer of fungible tokens. We will also create more protocols based on Kasplex in the future, such as KRC721 for non-fungible tokens. Similarly, other developers can also build more applications based on Kasplex because all of our protocols and tools are open source and free to use. Therefore, Kasplex is not equal to KRC20. There are so many more things you can do with Kasplex, beyond just issuing tokens. Just like what was shown on the roadmap we released last week, we will kick off the Open Beta this month but we will have a one or two weeks Closed Beta before the Open Beta. Also, the whitepaper will be released this month. So if you are interested in Kasplex or want to build a project on it, you can follow our twitter and check out the latest updates. Thank you.
Kaspa.org News: KASPLEX XSpaces Script
🎙️For today’s AMA, we’ve invited Khris, the co-founder and project manager of Kasplex, to answer everyone’s questions.
👦Hello everyone, great to be part of this AMA. I’m Khris. I am the project manager and co-founder of Kasplex. I’m sure many of you have been hearing a lot about Kasplex through various channels in recent months. Especially the Twitter topic about KRC20. Some of the guesses were indeed accurate, but others are not quite spot on.
So, I will first introduce what we are working on.
For our team, we are a non-profit organization funded by Kaspa Ecosystem Foundation. and Kasplex is our project that aims to act as an infrastructure on Kaspa, to allow developers, artists and influencers to launch their own project easily on Kaspa. Some people may confuse KRC20 with Kasplex. KRC20 is the first protocol based on Kasplex, allowing for the minting, deployment, and transfer of fungible tokens. We will also create more protocols based on Kasplex in the future, such as KRC721 for non-fungible tokens. Similarly, other developers can also build more applications based on Kasplex because all of our protocols and tools are open source and free to use. Therefore, Kasplex is not equal to KRC20. There are so many more things you can do with Kasplex, beyond just issuing tokens.
Just like what was shown on the roadmap we released last week, we will kick off the Open Beta this month, but we will have a one or two weeks Closed Beta before the Open Beta. Also, the whitepaper will be released this month.
So if you are interested in Kasplex or want to build a project on it, You can follow our twitter and check out the latest updates. Thank you.
MC Questions
🎙️For the public beta in May, will support from RUST nodes be needed?
👦Since Kasplex uses regular P2SH transactions, there is no need for Rusty Kaspa support for the deployment, minting, and transfer of KRC20 Tokens. Actually we have already created some KRC20 Tokens with the Go node for testing purposes, this data will not be carried over to the Open Beta phase. We will eventually define a block height, after which the deployment of KRC20 Tokens will be considered valid.
But for Token trading, it depends on a feature called partial signed transaction, which is only supported in Rusty Kaspa. Therefore, If you want to build a marketplace or dex, the prerequisite is that you have a Rusty Kaspa node.
🎙️Will the Kasplex marketplace be launched at the same time?
👦We have our official website where you can check the status and transaction history of KRC20, but we will not provide trading service on our site. In fact, we have verified at the code level that KRC20 token trading can be achieved through partial signed transactions, and implementing a DEX is also technically feasible. However, our team wants to focus on expanding the use cases of Kasplex. There is still a lot of work waiting for us to complete. So we won’t be involved in application-level development. But we will provide certain useful APIs. We have contacted some wallet and Kaspa browser developers who will soon support checking KRC20 assets and trading. and we welcome more people to join our community to create marketplaces and more applications on Kasplex.
🎙️What advantages does KRC20 have compared to other token protocols?
👦Bitcoin has many asset issuance protocols like Atomicals, Ordinals, RUNE, STAMP, color coin. Each has its own advantages and disadvantages. However, if we truly delve into it, the data is actually written through OP_Return, bare-multisig, redeem script, or witness script. There isn’t really anything new. And because of the need to track the flow of UTXOs, it has caused a serious increase in the size of the mempool.
The primary principle guiding the protocol’s design is to avoid imposing negative effects on Kaspa, unlike certain protocols that contribute to the “UTXO bloat” issue in Bitcoin.
Our goal is to let Kasplex become an infrastructure module for Kaspa. When designing, we focus more on how to deeply and long-term integrate with the Kaspa ecosystem. For example, the additional Gas Fee mechanism for KRC20 can enhance miner stability; and the design of eliminating UTXO tracking can solve the UTXO bloat issue, also users don’t have to worry about accidentally spending their assets. Our goal is to ensure that assets issued based on Kasplex will have long-term value and will not depreciate due to the possible emergence of new protocols in the future.
🎙️What is the Extra Gas Fee Mechanism?
👦The Extra Gas Fee Mechanism is, when you deploy a krc20 token you will need to pay a higher gas fee, we set this fee to 1000kas but we may modify this value when official launch. For minting tokens, the extra gas fee is set to 1$KAS. While token transfers and trading do not require any additional fees. All gas fees are paid to miners. This mechanism can bring a lot of benefits, like preventing malicious deployment of a large number of tokens, reducing the generation of redundant data, and improving the stability of miners.
Most Possible Questions(From Audience)
🎙️How to participate in the Closed Beta
👦The Closed Beta is aimed at users with technical backgrounds to discover potential bugs. We will invite some wallet and browser developers to participate in the Closed Beta. You should know how to submit transactions through code to mint KRC20 Tokens on the testnet. You can also get more information by joining our upcoming Discord channel. It’s important to note that test data will not be retained for the mainnet, and participants in the Closed Beta will not receive any airdrops in the future. However, for users without technical backgrounds, you can still visit our official website to view the status of KRC20 tokens on the testnet.
🎙️How can I contribute to Kasplex Community?
👦We will set up a Discord channel recently, where you can join it and discuss the future direction of the protocol. If you are an influencer, you can launch your own Token or NFT collections. I believe that every little action counts in our community—whether it’s launching a project or just posting a tweet. The fire burns high when everyone brings wood to it.
🎙️Does it rely on a centralized indexer?
👦That’s a good question. Currently, we’re still in the early stages. Similar to other token issuance protocols on Bitcoin, we rely on an indexer. It’s not accurate to call it centralized because you can easily review the code and set up your own indexer. if you run your own marketplace, you will definitely make sure the data’s validity. Also, we’ll generate checkpoints after processing certain blocks to maintain consistency between indexers. This step is part of our preparation for establishing a more decentralized indexer. This will be the focus of our work in the next phase.
🎙️What benefit can $KAS holder gets from Kasplex
👦It’s hard to make people to aware the technical advantages of Kaspa. I think the biggest benefit is that, with Kasplex, more users can directly try out apps instead of obscure technical jargon, thereby they can experience the cutting-edge technology of Kaspa. This will bring more users to Kaspa. Additionally, to use these dApps, users need to have some $KAS. So, the demand for $KAS will go up. I can’t predict the price, but I believe this is a positive factor for $KAS holders.
🎙️What is the practical use of Inscription?
👦 Inscription is a very generalized concept, it can represent many things. If you know about the USDT，the first tokens were issued in 2014, on the Bitcoin Blockchain, This was done by using the Omni Layer Protocol. It is also a type of inscription because Omni Protocol inserts meta-data into OP_RETURN output. And most of the Layer2 Rollup solutions need to write data back to layer1.They also need a mechanism like inscription. So Kasplex can be used as a component of layer2.
In conclusion, Khris, the co-founder and project manager of Kasplex, provided valuable insights into the project and its goals during the AMA session. If you are interested in staying updated on the latest developments with Kasplex and Kaspa, be sure to visit KaspaNews.net for the most recent news and updates.
First location: @kaspador (Discord + Twitter) Romanian Kaspa Ambassador Developer of www.kas.live site and member of the neighborhood considering that July 2023 In the world of cryptocurrency, development is plentiful as tasks contend to go beyond restrictions and provide distinct benefits. Kaspa gets in the scene as a Proof-of-Work (PoW) cryptocurrency with a special twist: the GHOSTDAG procedure. This twist is what sets Kaspa apart. Unlike conventional blockchains, Kaspa makes use of a blockDAG (directed acyclic chart). This makes it possible for Kaspa to accomplish lightning-fast deal speeds, apparently processing a block per second. Image sending out a cryptocurrency payment and getting near-instant verification – that’s the speed Kaspa aims to attain. Speed isn’t the only video game in town. Security is critical in the crypto world, and Kaspa is developed to be resistant to 51% attacks, a typical issue. Kaspa cultivates a decentralized network with a growing neighborhood of miners and nodes, reinforcing security. The task itself embodies the community-driven spirit of cryptocurrencies like Bitcoin and Litecoin. Kaspa has no main governance, and its launch was reasonable, without any pre-mined coins or unique allotments for designers. This promotes trust and openness within the Kaspa neighborhood. With its focus on deal speed, scalability, and a safe, community-driven technique, Kaspa sticks out as an interesting rival in the vibrant cryptocurrency landscape. The concern of whether it will end up being the fastest and most scalable immediate verification deal layer constructed on a proof-of-work engine stays unanswered, however Kaspa is certainly a job deserving of attention. While this post has actually provided a broad summary of Kaspa’s capacity, staying upgraded on the most recent advancements is crucial for any well-informed financier or crypto lover. For those preferring thorough analysis, technical conversations, and breaking news associated to Kaspa, Kaspanews.net is an essential source. This devoted news platform guarantees to keep you at the leading edge of the Kaspa discussion.
Second location: @everythingtangle (Discord) @allthingstangle (Twitter) An expert movement designer and Kaspa neighborhood member given that March 2024. The world of cryptocurrency is filled with development, as each job aims to conquer its restrictions and offer unique advantages. Kaspa gets in the scene as a Proof-of-Work (PoW) cryptocurrency with a special twist: the GHOSTDAG procedure. This twist is what sets Kaspa apart. Unlike traditional blockchains, Kaspa uses a blockDAG (directed acyclic chart). As an outcome, Kaspa boasts lightning-fast deal speeds, supposedly processing a block per second. Imagine sending out a cryptocurrency deal and getting almost immediate verification – that’s the speed Kaspa intends to supply. Speed isn’t the sole focus. Security is vital in the crypto world, and Kaspa is created to be resistant to 51% attacks, a typical issue. Furthermore, Kaspa promotes a decentralized network with a growing variety of miners and nodes, even more boosting security. The task exemplifies the community-driven principles of cryptocurrencies such as Bitcoin and Litecoin. Kaspa runs without main governance, and its launch was reasonable, lacking pre-mined coins or unique allowances for designers. Such practices cultivate trust and openness within the Kaspa neighborhood. With its focus on deal speed, scalability, and a safe and secure, community-driven method, Kaspa stands apart as an interesting rival in the vibrant cryptocurrency landscape. Whether it will end up being the fastest and most scalable immediate verification deal layer developed on a proof-of-work engine stays to be seen, however Kaspa is definitely a job to watch on. While this post has actually provided a broad introduction of Kaspa’s capacity, staying upgraded on the most recent advancements is crucial for any experienced financier or crypto lover. For those wanting extensive analysis, technical conversations, and breaking news associated to Kaspa, Kaspanews.net is an essential source. Kaspanews.net is dedicated to keeping you took part in the Kaspa discussion, guaranteeing you’re constantly in the understand.
Utilized with Permission Subject: BlockDAG, the future of Kaspa. Host: Dr Martin Hiesboeck – Head of Research at Uphold Visitor: Yonatan Sompolinsky -Founder of Kaspa
Initial Webinar link – https://event.webinarjam.com/replay/35/x6mz8tmgbzwiv8ipo7 The cryptocurrency landscape is overflowing with development, with each job competing to conquer constraints and provide special benefits. Kaspa gets in the fray as a Proof-of-Work (PoW) cryptocurrency with a special twist: the GHOSTDAG procedure. This special function differentiates Kaspa from its equivalents. Unlike standard blockchains, Kaspa utilizes a blockDAG (directed acyclic chart). This enables blazing-fast deal speeds, with Kaspa presently processing a reported block per second. Imagine sending out a cryptocurrency deal and getting almost immediate verification – that’s the speed Kaspa intends to offer. Speed isn’t the sole focus. Security is of utmost significance in the world of cryptocurrency, and Kaspa is crafted to hold up against 51% attacks, a common concern. In addition, Kaspa promotes a decentralized network with a growing variety of miners and nodes, even more strengthening security. The job exemplifies the community-driven values of cryptocurrencies such as Bitcoin and Litecoin. Kaspa runs without main governance, and its launch was reasonable, lacking pre-mined coins or unique allotments for designers. This promotes trust and openness within the Kaspa neighborhood. With its focus on deal speed, scalability, and a safe and secure, community-driven method, Kaspa sticks out as an interesting rival in the vibrant cryptocurrency landscape. Whether it will end up being the fastest and most scalable immediate verification deal layer developed on a proof-of-work engine stays to be seen, however Kaspa is definitely a task to watch on. This video has actually provided a quick peek into Kaspa’s capacity, keeping abreast of the newest advancements is vital for every educated financier or crypto lover. If you’re searching for in-depth analysis, technical conversations, and the most recent news about Kaspa, Kaspanews.net is an indispensable resource. This specialized news platform promises to keep you upgraded on all things Kaspa, guaranteeing you remain ahead of the curve.
On the recent Kaspa Chinese Community X space, Dr. Jason @Badsucker666 on X was asked by a moderator when he saw Kaspa going to 10 blocks per second. His response was: I estimate about two to three months.
The Space was hosted on May 5th, 2024. He said that the Rust rewrite should be fully implemented within the month. He said after that the test net for Kaspa 10bps has been running for a long time but because it involves a consensus change, he said optimistically it should take 2-3 months.
He went on to say, “After Rust is complete, the theoretical proofs for DK are already done, what remains is converting them into engineering code. The rollout of the DK protocol should be faster than many expect.”
Kasplex has already stated that KRC20’s should be tradeable and live by June. Also in the works is KRC721’s, which are NFTs. Many investors have been sitting on the sidelines due to the Rust rewrite, waiting on 10bps and smart contracts. With all these things coming together rapidly, it could be reflected in the cryptocurrency’s price, which is currently trading at .124
For the latest news and more on Kaspa check in with KaspaNews.net
