Good evening, everyone. I’m here to bring you the latest update on Kaspa, the open-source blockchain platform that is quickly gaining traction in the cryptocurrency world. The developers of Kaspa have just released their alpha version, which has been built using the Rust programming language. Rust is known for its safety and performance, which makes it an ideal choice for building a blockchain platform like Kaspa. The alpha release of Kaspa on Rust is a significant milestone for the project, as it marks the first time that the platform is available for testing by the public. The Kaspa team has been working tirelessly to develop a platform that is both secure and scalable. With the alpha release, they are one step closer to achieving that goal. The team has also announced that they will be launching a testnet in the near future, which will allow developers to experiment with the platform and provide valuable feedback. The Kaspa community has been eagerly awaiting this release, and the response so far has been overwhelmingly positive. With the alpha release, Kaspa is well on its way to becoming a major player in the blockchain space. That’s all for now. Stay tuned for more updates on Kaspa and other developments in the world of cryptocurrency.

May 25, 2023 | News

A significant update has been made to the Kaspa network, a digital currency platform. This update, called “on-the-fly Header Pruning,” was introduced by developer Michael Sutton and is designed to make the network faster and more efficient.

Pruning is a process where outdated or unnecessary data is automatically deleted. This update allows the pruning to happen continuously without any system interruptions, making the network more streamlined and reducing the amount of computer space needed.

The new feature also benefits developers by allowing them to build more robust and efficient applications on the Kaspa network. It lowers the hardware requirements for running a node, making it more accessible and maintaining the network’s decentralization.

Implementing this update was a complex task, but the team found a solution in a research paper from 1989, which allowed them to prune data while still accepting new blocks of data without delays.

Overall, this technical upgrade is a big step forward for the Kaspa network, promising faster transaction speeds, more efficiency, and new possibilities for developers.

Good evening, I’m reporting to you live with breaking news in the cryptocurrency world. The Kaspa project, a new decentralized cryptocurrency platform, has just announced its founding contributors. This group of individuals and organizations have come together to support the development and launch of Kaspa, which promises to offer faster and more scalable transactions than other cryptocurrencies. The founding contributors include a diverse range of experts in the fields of blockchain technology, software development, and finance. Among them are well-known figures in the cryptocurrency community, as well as new players who are bringing fresh ideas and perspectives to the table. The Kaspa team has expressed their gratitude for the support of these founding contributors, stating that their expertise and resources will be invaluable in making Kaspa a success. The project is set to launch in the coming months, and with the backing of these key players, it is poised to make a significant impact on the cryptocurrency market. Stay tuned for further updates on Kaspa and its progress. This has been a breaking news report.

May 24, 2023 | News

The success of the Kaspa project can be attributed to the hard work and dedication of its founding contributors. The core team behind Kaspa includes Yonatan Sompolinsky, who co-founded DAGLabs and played a crucial role in Kaspa’s creation, Michael Sutton, a skilled distributed systems researcher and developer, Shai Wyborski, a Ph.D. candidate in classical and quantum cryptography, Elichai Turkel, an applied cryptographer and high-performance systems developer, Ori Newman and Mike Zak, both cryptocurrency and distributed systems developers.

Kaspa is unique in that it operates without a central authority or foundation, relying instead on an extensive community of developers, researchers, and enthusiasts to drive decision-making. This decentralized approach aligns with the principles of a truly decentralized network.

The project received initial funding from Polychain Capital and has made a commitment to transparency and fairness by forgoing allocations or premine. The community developers play a significant role in the success of Kaspa, offering new feature suggestions, fixing technical errors, integrating platforms, and promoting the network through education and informative materials.

The collective expertise and commitment of both core and community developers have created a culture of cooperation, allowing Kaspa to dynamically respond and grow in the rapidly evolving crypto sphere. Their unwavering dedication is essential for turning the project’s vision into reality and ensuring its sustained success.

Kaspa’s online presence includes a wiki, Medium articles, Teletype posts, Discord server, Telegram channel, Twitter account, Reddit community, GitHub repository, and an Explorer for tracking transactions. The project continues to move forward thanks to the incredible efforts of its community developers.

Good evening, viewers. Today, we bring you an important update from the world of cryptocurrency. The Kaspa community has recently introduced a new proposal, known as KIP 3, which aims to improve the Kaspa network’s overall functionality and performance. KIP 3, also known as the Kaspa Improvement Proposal 3, is a comprehensive plan that addresses several key areas of the Kaspa network. The proposal includes changes to the network’s consensus algorithm, updates to the mining process, and improvements to the overall user experience. One of the most significant changes proposed in KIP 3 is the switch from the current Proof of Work (PoW) consensus algorithm to a new hybrid consensus model that combines PoW with Proof of Stake (PoS). This change is expected to enhance the network’s security and reduce the energy consumption associated with mining. Another notable change proposed in KIP 3 is the introduction of a new mining reward system. The current system rewards miners based on the number of blocks they mine, but KIP 3 proposes a new system that rewards miners based on their contribution to the network’s overall security and stability. Finally, KIP 3 includes several updates to the user interface and overall user experience. These updates aim to make the Kaspa network more accessible and user-friendly, particularly for new users who may not be familiar with cryptocurrency. The Kaspa community is currently reviewing KIP 3, and it is expected to be implemented in the coming months. This proposal has the potential to significantly improve the Kaspa network and make it more competitive in the crowded cryptocurrency market. That’s all for now. We will continue to keep you updated on any further developments regarding KIP 3 and the Kaspa network. Thank you for tuning in.

May 24, 2023 | News

A new technique called ‘Block Sampling’ has been proposed by Shai Wyborski and Michael Sutton, two key players in the Kaspa community, to enhance the efficiency and fairness of mining operations within the Kaspa network. This technique aims to improve how difficulty levels for mining are calculated, addressing issues with the current system.

In the world of digital currencies, transactions are recorded in blocks that are added to a blockchain. Miners solve complex math problems to add these blocks, and the Difficulty Adjustment Algorithm (DAA) determines the difficulty level of these problems. However, the current DAA system can become less efficient if the rate of creating new blocks increases, and miners with unsynchronized clocks may face delays in adding blocks.

The proposed ‘Block Sampling’ method would simplify the process by selecting a few sample blocks instead of considering all past blocks when setting the difficulty level for the next block. This method follows a deterministic and secure approach, ensuring a fair chance for every block to be picked without any miner cheating the system.

If implemented, this method would also slightly alter how miners earn rewards, with a block’s ‘blue score’ playing an even more critical role. To implement KIP: 3, a ‘hard fork’ would be required, a significant update that all network users must adopt. Although just a proposal for now, KIP: 3 aims to prepare the Kaspa network for future growth and enhance its overall efficiency.

Good evening, everyone. I’m here to bring you the latest update on the development of Kaspa, the new decentralized cryptocurrency that is being built on the Rust programming language. The team behind Kaspa has just released their Alpha update, and it’s an exciting time for the project. The Alpha update is a significant milestone for Kaspa, as it marks the first time that the public can see and interact with the network. The team has been working tirelessly to get to this point, and they are proud to announce that the network is now live and running smoothly. One of the key features of Kaspa is its use of the Rust programming language, which is known for its safety and performance. The team believes that Rust is the perfect choice for building a secure and efficient cryptocurrency, and the Alpha update is a testament to that. In addition to the launch of the network, the Alpha update also includes a number of other improvements and new features. The team has implemented a new consensus algorithm, which they say will make the network more secure and scalable. They have also added support for smart contracts, which will allow developers to build decentralized applications on top of Kaspa. Overall, the Alpha update is an exciting step forward for Kaspa, and the team is looking forward to seeing how the community will use and build upon the network. Stay tuned for more updates as the project continues to develop.

May 15, 2023 | News

The Kaspa platform is undergoing a major upgrade with the Rust rewrite, also known as Rusty Kaspa. This upgrade is expected to make the platform faster, more stable, and more secure for users. The development team is currently working on several tasks and tests to prepare for the beta release, which is estimated to be ready in two to three weeks.

Some of the key improvements being made include automatic pruning of block headers, block sampling for difficulty adjustment, and enhancements to the Application Programming Interface (API). These changes will streamline processes and improve efficiency for the platform.

Rusty Kaspa is currently in its alpha stage and has been deployed to both the mainnet and testnet. Initial responses suggest that it is performing well with no significant issues. The beta release will include a 4BPS testnet launch for a few days, which will provide valuable insights for future planning.

Overall, Rusty Kaspa is a strategic move to enhance the functionality, efficiency, and user experience of the Kaspa platform. The development team is optimistic about the progress made so far and the potential benefits for the greater crypto ecosystem.

Breaking News: Uphold Announces a New Exchange Listing In a major development for the cryptocurrency community, Uphold has announced that they have added a new exchange listing to their platform. This move is expected to provide users with more options and greater accessibility to a wider range of digital assets. Uphold, a leading digital money platform, has been at the forefront of providing innovative solutions to the ever-evolving world of finance. With this new listing, Uphold is further solidifying its position as a go-to platform for those looking to invest in cryptocurrencies. The new exchange listing will enable users to buy, sell, and hold a variety of digital assets, including Bitcoin, Ethereum, and Litecoin, among others. This expansion of offerings is in line with Uphold’s commitment to providing a seamless and user-friendly experience for its customers. The news of the new exchange listing has been met with excitement from the cryptocurrency community, with many praising Uphold for its continued efforts to make digital assets more accessible to the masses. As the world of finance continues to evolve, Uphold’s new exchange listing is a clear indication that the company is poised to remain at the forefront of the industry. Stay tuned for more updates as Uphold continues to innovate and provide users with the best possible experience in the world of digital finance.

May 11, 2023 | News

Kaspa, a digital asset, has been added to Uphold, a global trading platform that offers a variety of assets including cryptocurrencies, forex trading, and stocks in certain regions. Starting May 11th, 2023, users can buy, sell, hold, and trade Kaspa on the platform. However, it is important to note that at launch, Kaspa will be classified as a “Tier 4” asset, meaning users cannot withdraw it to cold storage but can still trade it on the platform.

Uphold is known for its user-friendly interface, quick account setup, and low minimum deposit requirements. The addition of Kaspa to their platform is expected to attract more users and expand the Kaspa ecosystem. Uphold takes security seriously, using advanced encryption and monitoring systems to protect users’ assets.

The decision to fully integrate with the Kaspa Network will depend on the coin’s performance and user interest. Uphold regularly reviews its integration roadmap every quarter and anticipates that Kaspa will be included in the future.

For more information on Uphold’s transparency regarding their reserves and Tier 3 and Tier 4 listings, users can visit their transparency page.

In summary, the inclusion of Kaspa on Uphold’s platform marks a significant milestone for the cryptocurrency sector and offers more opportunities for trading and investment in digital assets.

This week, we’re taking a closer look at the top five cryptocurrencies that are raising concerns with their recent performance. Here’s what you need to know about these digital assets that are showing red flags.

May 9, 2023 | News

Over the last seven days, the cryptocurrency market has seen a significant downturn, with the top five digital currencies losing a substantial portion of their value. According to CoinGecko, a leading crypto market tracker, the market has dropped by 2% just in the past day, adding to the ongoing decline. This downward trend has been exacerbated by the recent failure of First Republic Bank, which has cast a shadow over the banking industry as a whole.

As concerns about the banking sector mount, investors are on edge as they await the upcoming release of the Consumer Price Index data this Wednesday. With this critical information on the horizon, those involved in cryptocurrency trading should proceed with caution, as these assets are particularly sensitive to market shifts during such times. The following are the top five cryptocurrencies that have raised red flags over the past week.

This Week’s Top 5 Cryptos Raising Concerns:

XRD
Despite generating some excitement with its Consensus 2023 event, XRD has not been immune to the broader market’s downturn. CoinGecko data indicates that the token’s value has plummeted by 20% over the past week, signaling that it may not be a strong investment at this time. Currently, Radix is trading below the $0.08389 support level, and while there’s potential for recovery if it holds above this threshold, the token remains highly influenced by market forces. Keeping an eye on Bitcoin and Ethereum’s movements will be crucial in the coming days.

IMX
Immutable has been ambitiously working towards becoming the leading blockchain for Web3 gaming on Ethereum. Despite ongoing development within the IMX ecosystem, this vision has yet to materialize, as reflected by a nearly 20% drop in its value over the week. The token is trading at $0.797, just above its $0.721 support level. Maintaining this support is critical for IMX, as any further decline could exacerbate losses for investors.

LUNC
Following a targeted attack on one of its DeFi projects, LUNC saw a dip in investor confidence. Although there has been some recovery, external market pressures continue to weigh down on the token. Coinglass data reveals that short sellers slightly outnumber long buyers, indicating bearish control. After a nearly 19% drop over the week, LUNC is trading below its July 2022 support at $0.00009390.

KAS
Kaspa aims to be the fastest proof-of-work layer 1 blockchain and has continued its efforts despite market challenges. Even with a recent listing on KuCoin, KAS has struggled over the past week, depreciating by 20%. A critical support level at $0.024814 is now under threat, and bulls need to reclaim this ground to avoid further losses and potentially push towards the $0.036947 resistance.

ICP
The Internet Computer’s dApp ecosystem may be thriving, but ICP itself has faced difficulties gaining traction recently. CoinGecko reports an 18% decrease in value over the week, reflecting investor hesitancy amid general market instability. With bears aiming for a $4.888 price point, ICP supporters must defend this support level to prevent further declines.

In light of these developments, those involved in the crypto market should stay informed and exercise caution in their investment decisions.

-Featured image from TechCentral

Source: bitcoinist.com