On December 18th, 2022, Kaspa launched a Community Crowdfund to gather 70 million KAS for the development and implementation of the DAG KNIGHT protocol. Within just 12 days, on December 30th, 2022, the community successfully met the goal. But what exactly is the DAG KNIGHT protocol and why was the Kaspa community so eager to support it?
The DAG KNIGHT Protocol, a brainchild of Michael Sutton and Yonatan Sompolinsky, is a three-year project designed to upgrade Kaspa’s PHANTOM GHOSTDAG Protocol. Its main aim is to prevent 50% attacks, which occur when an entity takes over more than half of the network’s nodes, without needing to know network latency in advance.
Typically, blockchain protocols rely on pre-set network delay parameters that result in slower confirmation times to maintain security. However, if there’s a sudden spike in latency, this could make the blockchain more vulnerable to attacks.
Enter the DAG KNIGHT protocol, the white knight (or should we say green knight?) of the story. This protocol actively monitors and adjusts to network conditions, allowing for appropriate block confirmation times.
Once Kaspa completes its rewrite, DAG KNIGHT will be built on a network capable of pushing an impressive 32 blocks per second. This means that as internet speeds improve, Kaspa won’t be held back by outdated block times. Instead, it will be parameterless and fully adaptable.
DAG KNIGHT evaluates network conditions by analyzing groups of blocks called k-clusters. It selects the k-cluster with the most delay that also covers half the network and adjusts block confirmations accordingly. This continuous adjustment ensures the lowest latency valid k-cluster with 50% coverage.
Furthermore, DAG KNIGHT adds an extra layer of security to GHOSTDAG by finding valid k-clusters and referencing honest nodes for secure chain ordering. It’s the first proof-of-work protocol that is parameterless, scalable, self-stabilizing, and adaptive.
For more information on Kaspa and to join the community, visit KASPA.ORG or follow them on Discord, Telegram, Twitter, Reddit, Github, and Explorer.
If you have any questions or comments, feel free to reach out. You can also find me on the Kaspa discord as Bubblegum Lightning.
This report highlights “The DAG KNIGHT Protocol – Elevating Kaspa,” originally published on Kaspa.org.
Kaspa: Revolutionizing the Future of Decentralization
Kaspa, a new cryptocurrency, launched on November 7th, 2021 with an aim to solve the blockchain trilemma by creating a decentralized Layer-1 that is scalable, high-performing, and open-source. It operates as the fastest proof-of-work coin in the crypto world, building on the Nakamoto Consensus and introducing its innovative BlockDAG technology.
Unlike other blockchains that compromise on decentralization for scalability and performance, Kaspa remains true to its principles. No KAS coins were pre-mined or pre-sold, and they can only be acquired through mining. The total supply is limited to 28.7 billion coins, with over 16.59 billion currently in circulation. The mining emission schedule is designed to reduce smoothly and steadily each month.
Kaspa’s mining process relies on kHeavyHash, an energy-efficient algorithm that can be mined with GPU, FPGAs, and future specialized equipment. Additionally, Kaspa implements the GHOSTDAG protocol, which allows for efficient use of computational resources by including orphaned blocks in the consensus process. This leads to high block rates and quick confirmation times.
The GHOSTDAG protocol also enables block parallelism, which enhances network security and allows for real-time transaction confirmations. It encourages solo mining and helps decentralize Kaspa’s hashrates.
Kaspa’s hashrate has been consistently high, indicating a strong miner community and confidence in the coin’s future value. It ranks among the top coins for GPU mining by hashrate.
Beyond mining, Kaspa aims to expand the everyday use of KAS with community-driven initiatives. Developers are rewriting Kaspa’s programming language to Rust, which will improve performance and efficiency, attracting more developers to work on Layer2 smart contracts and DeFi.
Kaspa stands out as a genuinely decentralized and community-driven public chain, leading the way as a PoW and BlockDAG chain. It is the fastest, open-source, decentralized, and fully scalable Layer-1 in the world.
For more information on Kaspa, visit their website at kaspa.org or follow them on social media platforms such as Medium, Discord, Telegram, Twitter, Reddit, GitHub, and their Explorer. Feel free to ask questions or join the discussion on the Kaspa discord under the username Bubblegum Lightning.
The original article “The Brilliance of Kaspa” can be found on kaspa.org.
Kaspium is a new mobile wallet app that allows users to easily manage their Kaspa cryptocurrency on their Android or iOS devices. With Kaspium, users can send and receive $KAS with just a few taps on their phone screen.
The app features a user-friendly interface, support for multiple wallets, and a detailed transaction history. Users can also manage their addresses and authenticate their identity using their device’s biometric features. Additionally, Kaspium is compatible with the 24-word secret phrases used by the Kaspad CLI wallet.
It’s important to note that Kaspium is a non-custodial wallet, meaning that users are responsible for backing up their wallet’s secret phrase. This phrase is stored securely on the user’s device, and losing it could result in the loss of funds.
An APK pre-release test wallet for Android is currently available for download on GitHub, and an iOS TestFlight link is coming soon.
For more information, check out the original post on Kaspa’s website.
Get all the most recent cool Kaspa Merch – https://poolpartynodes.com/product-category/kaspa-clothing-shop/ In the world of cryptocurrency, development is plentiful as tasks contend to go beyond constraints and provide unique benefits. Kaspa goes into the fray as a Proof-of-Work (PoW) cryptocurrency with a special twist: the GHOSTDAG procedure. This twist is what sets Kaspa apart. Unlike standard blockchains, Kaspa makes use of a blockDAG (directed acyclic chart). As an outcome, Kaspa boasts lightning-fast deal speeds, supposedly processing a block per second. Think of sending out a crypto payment and having it validated nearly quickly– that’s the sort of speed Kaspa is going for. Speed isn’t the only video game in town. Worldwide of cryptocurrency, security is critical, and Kaspa is crafted to withstand 51% attacks, a typical risk. Kaspa supports a decentralized network, with an increasing number of miners and nodes, boosting security. The job represents the community-driven principles of cryptocurrencies such as Bitcoin and Litecoin. There is no main governance in Kaspa, and its launch was reasonable, without 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 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 absolutely a job deserving of attention. While this post has actually offered a top-level summary of Kaspa’s capacity, remaining current on the current advancements is vital for any 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 a vital resource. This specialized news platform promises to keep you upgraded on all things Kaspa, guaranteeing you remain ahead of the curve.
The founder of DAGKnight, Yonatan, recently shared his thoughts on the funding pool being filled for the project. He expressed his surprise at the proposal being accepted so quickly and acknowledged the support from the community, including dolphins and whales who contributed to the funding.
Yonatan emphasized the responsibility he and his team feel to deliver on the expectations of the contributors, who have already invested their funds. He stated that they are making necessary arrangements to focus on the project and are confident in its success.
The DAGKnight white paper is available for those interested in learning more about the project. More information can be found on Kaspa’s website.
The Kaspa community is thrilled to announce the launch of a fundraising campaign to support the development of the DAGKnight protocol. The protocol is a groundbreaking innovation that promises to make Kaspa faster and more secure than ever before.
With DAGKnight, Kaspa will require fewer confirmations for transactions to be considered secure, and the network will be able to scale naturally as internet speeds increase over time. This positions Kaspa as the ultimate proof-of-work coin in the market.
The fundraising goal is set at 70 million Kaspa coins, which will go towards compensating two highly skilled software engineers for their full-time work on the project for nearly a year. The engineers have chosen to be paid in Kaspa coins, a bullish sign for the currency’s future.
Donors are encouraged to contribute 1% to 2% of their Kaspa holdings to reach the target amount. For those who prefer to donate in USDT, there are addresses available for BEP-20, TRC-20, Ethereum, and Matic chains.
The DAGKnight White Paper 2022 is available for those who want to learn more about the project. The fundraising campaign is a chance for Kaspa holders to invest in the future of the coin and potentially see significant returns as the protocol is implemented.
For more information on the DAGKnight Protocol Community CrowdFund, visit Kaspa.org.
