Sep 28, 2022 | News
DAGs, or Directed Acyclic Graphs, are known for their incredible speed due to their ability to parallelize. Unlike traditional blockchains where only one block is considered valid, DAGs allow for multiple blocks to be created simultaneously, all of which are considered valid. This not only increases the security of the network but also removes a major hurdle to transaction throughput. However, designing DAG consensus protocols is a complex task that requires careful consideration to avoid new forms of attack.
One of the benefits of DAGs is the increased transaction throughput, as well as significantly reduced confirmation times. While it may seem that creating more blocks would lead to higher transaction throughput, it’s not always that simple. To learn more about this topic, check out Shai Deshe’s full article on Medium.
For the latest updates on DAG technology and its impact on transaction throughput, be sure to follow Kaspa’s Core Developer Series.
Sep 26, 2022 | News
The cryptocurrency Kaspa is set to be listed on the MEXC Global exchange, with trading beginning on September 27th at 15:00 UTC. Users can sign up for MEXC using an affiliate link provided by Kaspa, which offers a 10% rebate on trading commissions.
In addition to the listing, MEXC and Kaspa are hosting a special marketing event called “MEXC M-Day.” This event includes airdrops of 3,570,000 KAS coins and is open to all MEXC users who meet certain futures trading requirements. The M-Day event starts on September 26th at 8:00 UTC and ends on September 27th at 8:00 UTC.
During the event, users who trade USDT-M futures on MEXC with a minimum volume of 10,000 USDT will be entered into a lucky draw. The more they trade, the more tickets they can claim. More information can be found on the MEXC website.
Kaspa is described as the fastest, open-source, decentralized and fully scalable Layer-1 digital asset in the world. It uses a blockDAG ledger that allows for parallel blocks and instant transaction confirmation. Kaspa aims to solve the speed, scalability and security issues that currently limit the use of digital assets.
The Kaspa team thanks their community for their support and donations that made this listing possible. For more information about Kaspa, visit their website at www.kaspa.org.
Sep 7, 2022 | News
Understanding the Block-DAG Paradigm
Reported by Michael Sutton, Core Developer
Welcome to our blog series where we break down the basics of Kaspa in easy-to-understand terms. No need to be a blockchain expert, though a little knowledge of Bitcoin might help.
Introducing Kaspa
Think of Kaspa as a powerhouse that takes Bitcoin’s blockchain concept to the next level.
Block-DAG: A New Twist on Blockchain
Kaspa shakes things up with its block-DAG mining approach. Unlike Bitcoin, where miners focus on the longest chain, Kaspa miners lay all their cards on the table. They mine on top of every block they’re aware of, not just one. This openness is what we call “the revelation principle”.
By mining this way, we get a clearer picture of the timeline of blocks – which one came after which. This creates a web of blocks, where each one points back to the ones before it, forming what’s known as a Directed Acyclic Graph (DAG).
Block-DAG Jargon Made Simple
Let’s talk lingo. The blocks that come before block B are its “parents”. The “past” of B includes all the blocks leading up to it. The “future” is the opposite – all the blocks that come after it. Blocks that aren’t connected to B in any way are in its “anticone” – think of them as running parallel with no interaction.
Putting the Block-DAG in Order
Before we dive into Kaspa’s specific ordering protocol, let’s look at how you’d order any block-DAG. Imagine a function that picks out one particular parent for each block. This creates a tree structure within the larger web of blocks. We also have a “virtual” block that represents the next block to be mined.
Using this function, we can trace a path from this virtual block all the way back to the very first block, called the genesis. This path helps us sort the whole DAG.
To do this, we need to understand what each block adds to the DAG, which we call its “mergeset”. Picturing the path as a spine, these mergesets are like ribs added one by one to form a complete skeleton.
The process is quite straightforward when you break it down:
- Find the path using our function
- Create an empty list for our ordering
- Starting from the first block and moving up, add each block’s mergeset to our list
- Voila! We have our ordered list
The Link Between Chain Security and Reliable DAG Ordering
Understanding how chains and DAGs are related helps us secure the ordering process. We want an ordering system that’s stable, where only recent blocks might change their position.
If our chain is stable and doesn’t change much over time, then our DAG will be too. So, we need a reliable way to find such a chain – and that’s where a secure parent selection function comes in.
What’s Next?
In our next post, we’ll explore Kaspa’s GHOSTDAG protocol and give clearer definitions for terms like “blue score” and “blue work”. Understanding chains is key to grasping Kaspa’s system; it’s not just about picking parents but also plays into our transaction system and DAG queries.
Stay tuned and don’t forget to check out Core Developer Series: Kaspa 101 – Part 1, originally published on Kaspa.
Sep 1, 2022 | News
Today, Kaspa announced an exciting partnership with Flux, a leading provider of decentralized cloud solutions. Together, they will be launching Kaspa network nodes on Flux’s cloud infrastructure. This move will help Kaspa further decentralize its network, making it more secure and scalable.
Flux operates over 13,500 nodes worldwide, ensuring that if one node goes down, another can quickly take its place. These nodes can be hosted on various platforms, from dedicated servers to home setups.
Kaspa expressed gratitude to Flux for their support in achieving its goal of becoming the fastest, open-source, and fully scalable Layer 1 digital ledger in the world. This partnership with Flux, a top provider in decentralized Web3 infrastructure, is a significant step forward for Kaspa.
For more information on this partnership, you can read the full article on Kaspa’s website.
Aug 29, 2022 | News
Kaspa is excited to announce that they have successfully raised $50,000 through community donations to be listed on a top-tier exchange. The fundraising campaign started on August 23rd, 2022, and within just five days, the goal was met. This will be Kaspa’s sixth exchange listing and the most prominent one yet, with the exchange boasting an average volume of $1.5 billion and over 10 million daily visits.
Kaspa is known for being the world’s fastest, open-source, decentralized, and fully scalable Layer-1 digital asset. It uses a unique blockDAG technology that allows for parallel blocks and instant transaction confirmations. This addresses the common issues of speed, scalability, and security that limit the use of digital assets.
For more information about Kaspa, visit their website at www.kaspa.org or contact them at [email protected]. The full announcement can be found on their website under the title “Top-Tier Exchange Community Fundraising Complete!”
Aug 15, 2022 | News
The Kaspa project has seen significant growth since its main-net launch in November 2021. With a rapidly expanding community, Kaspa now boasts over 6000 members on Discord, 2600 on Telegram, and 2000 followers on Twitter. The project’s decentralized, fair-launched, instant confirmation, and fully scalable proof-of-work model has attracted investors and developers from around the world.
Mining and network security have also seen advancements, with support from GPU miner and mining pool developers. Kaspa can now be mined on four major mining software platforms, including BZminer, SRBminer, Lolminer, and a community-developed Kaspa Miner. Miners have the option to solo mine, use public nodes, or join one of four available pools. The project’s hash-rate has surged to over 38TH, ensuring a secure network for transactions.
Kaspa is now listed on four exchanges – Txbit, Exbitron, ViteX, and Cryptex24 – with more exchanges taking notice of the public’s interest. The coin’s value has increased sevenfold since launch, reflecting the market’s enthusiasm for the project.
In addition to technological advancements, Kaspa has invested in its brand with a new logo, website, and social media presence. The community has played a significant role in this growth, with volunteers and advocates contributing to the project’s strength.
Development-wise, Kaspa is undergoing a major phase with The Rust Language Rewrite, led by developer Michael Sutton. This rewrite will allow for even more parallel blocks per second and attract more high-level community developers.
Looking ahead, Kaspa has released a tentative roadmap and plans to publish a whitepaper by early 2023. The project aims to expand its community, obtain more exchange listings, increase mining software and pool support, and recruit more volunteers.
Overall, Kaspa’s launch has exceeded expectations and its potential for future growth continues to inspire the team and community.
For more information on Kaspa’s progress, visit kaspa.org.
