Aug 15, 2022 | News
The Kaspa development team, led by Michael Sutton, has started a project to rewrite their codebase in the Rust programming language. This effort began in July and is expected to take 4-6 months to complete, funded entirely by community donations. The goal of this rewrite is to improve the performance and efficiency of the Kaspa system, allowing it to handle more transactions per second (TPS) and blocks per second (BPS). The team believes that this will help Kaspa reach its full potential as a leading financial system.
The main objectives of the rewrite include increasing efficiency and performance, maximizing BPS and TPS, simplifying and modularizing the codebase to make it more accessible to new developers, incorporating new features and upgrades more easily, and improving documentation.
The progress of the project can be tracked on Kaspa’s GitHub page, and the team welcomes participation from the community. For more information or to get involved, interested individuals can reach out on Discord.
This news comes from Kaspa, a cryptocurrency organization that aims to be at the forefront of financial systems. More details can be found on their website.
Nov 27, 2021 | News
Kaspa is a complicated system with many components, but at its core, it’s an implementation of the GHOSTDAG protocol, first conceptualized by Yonatan Sompolinsky and Aviv Zohar in 2016. The GHOSTDAG protocol allows for parallel block creation, which could potentially solve the scaling problem present in current blockchain technology.
The idea behind GHOSTDAG is that instead of having blocks point to a single parent, they can point to multiple parents, creating a DAG (directed acyclic graph) structure. This allows for more efficient block creation and faster confirmation times. However, there are challenges in implementing this protocol, such as determining the order of blocks and ensuring security against attackers.
Kaspa is currently in development and has not yet been stress-tested to see how many transactions it can handle. However, the team behind Kaspa believes that it has the potential to become the most resilient, robust, and fast PoW (proof of work) blockchain in the world.
Nov 18, 2021 | News
I want to start by expressing my gratitude to everyone who has joined and contributed to our community. It’s incredible to see the project that I was so passionate about during my PhD – the POW DAG consensus – come to life with a network and a dedicated community. A big thank you, or as we say in Hebrew, Todah!
I am now more focused on growing our member base rather than just getting academic citations, so I encourage you all to invite your crypto enthusiast friends to join us.
Every couple of years, a new fair-launched POW cryptocurrency emerges and captures the community’s interest. We’ve seen it with Litecoin, Monero, Grin, and now Kaspa. Let’s hope we continue to have success.
We didn’t expect such rapid growth, so I haven’t prepared answers to the frequently asked questions yet. I plan to write a more detailed post soon, but for now, here are some quick answers:
- Our monetary policy will be deflationary, with a more aggressive halving schedule than Bitcoin’s due to different market conditions. We’ll finalize details such as when this will start and the initial block reward soon. Also, we’re considering changing the representation of Kaspa to make it feel more scarce.
- Our proof-of-work is a Kaspa-specific version of heavy-hash, which I designed to be capital expenditure (CapEx) heavy. This should be more energy-efficient and encourage miner commitment. We’re open to discussing whether this is the best approach for Kaspa.
- The project is maintained by a few developers who work on it in their spare time, some of whom are funded by DAGlabs but are self-managed. There’s no company or entity responsible for your wallet or funds; this is a community project. To help, we need more developers who can manage themselves and contribute effectively.
- As for the roadmap, we don’t have an official one due to the decentralized nature of our development. However, I believe we should first work on increasing our
Sep 21, 2021 | News
The Kaspa cryptocurrency is set to launch in a unique experimental mode, known as gamenet. This mode is designed for research and testing, and will serve as a platform for simulating real-world attacks and manipulations in the cryptoeconomics field. The gamenet mode will encourage strategic mining and reward-based attacks, while also allowing for the testing of solutions to common exploits.
Kaspa will initially be CPU/GPU-mineable and its token supply will be deliberately uncertain to attract hardcore communities and individuals. The platform will have low hashrate and security in its early stages, but as the community grows, a solid monetary policy will be introduced to regulate supply and allow for exchange trading.
The Kaspa team is seeking community engagement and support for further development, including the implementation of a bridge from Ethereum to simulate MEV activity. Individuals interested in contributing to the project may reach out for potential funding.
The Kaspa launch is planned for the end of October, with full gamenet activity to be determined. The block reward system will incorporate randomness to incentivize strategic mining and forking, with a formal description and requirements outlined in the proposal.
Overall, Kaspa aims to become a center for research and development in the cryptoeconomic field, providing valuable insights into real-world dynamics and solutions to common exploits. The post “Kaspa launch plan (proposal) Pt-1” provides more details on the plan and can be found on the Kaspa website.
