Uphold Enhances Crypto Lineup with New Token Relistings
In a recent move to diversify its cryptocurrency offerings, Canadian exchange Uphold has announced the relaunch of several tokens it had previously removed from its platform in 2023. The exchange shared the news on X (formerly Twitter), revealing that nine tokens, including fan-favorites Shiba Inu (SHIB) and Dogecoin (DOGE), are now back on the menu.
The decision to delist these tokens last December was in line with Uphold’s commitment to adhere to Canadian crypto regulations. Despite Canada not recognizing cryptocurrencies as official currency, individuals are free to engage in crypto transactions at their discretion.
With the reintroduction of these tokens, Uphold is offering Canadian users a wider selection of cryptocurrencies for trading and investment, just in time for the anticipated 2024 bull run. These tokens are now accessible through Uphold’s Topper payment system, making it easier for users to manage their digital assets.
Is BONE Next on Uphold’s List?
The crypto community, particularly SHIB enthusiasts, are buzzing with speculation about the potential listing of Bone ShibaSwap (BONE) on Uphold. As an integral part of the Shiba Inu ecosystem, BONE’s listing could significantly boost its adoption and provide Canadian investors with another promising asset to consider.
Recent activity on social media hints at Uphold’s interest in BONE, with substantial holdings already in place. If Uphold does decide to list BONE, it could mark a significant milestone for the exchange and the Shiba Inu community, further solidifying Uphold’s position as a diverse and forward-thinking crypto platform.
Kaspa, a decentralized blockchain ecosystem, recently held an introductory event in Kigali, Rwanda, led by Kaspa ambassador Sheebar Kamusiime. The event took place at the Digital Transformation Center of Rwanda and was co-organized with Starknet Rwanda.
The attendees included local developers, Women in Tech-Rwanda, college tech students, local Web3 enthusiasts, and representatives from the Department of Emerging Technologies. During the 30-minute presentation, Sheebar discussed Kaspa’s strategy to tackle the Blockchain Trilemma and how it aims to address challenges in traditional systems, particularly around financial inclusion.
The event also provided an opportunity for networking and setting up Kaspa wallets using the Kaspium App. A total of 15 new downloads were recorded, and discussions on investing in Kaspa’s native currency, KAS, took place.
To learn more about the event and view photos, visit Sheebar’s post on X and the Google Drive link provided.
Read the full article “Kaspa Ambassador represents at the Digital Transformation Center of Rwanda” on Kaspa’s website.
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.
