May 27, 2023 | News
Open source crypto wallet, OneKey Classic, is now supporting Kaspa, making it easier for millions of users to manage their cryptocurrency securely. The wallet is known for its lightweight design, simplicity, and compatibility with multiple cryptocurrencies. It can be used on various platforms including iOS, Android, macOS, Windows, Linux, and ChromeOS.
The OneKey Classic also works with third-party software like the Trezor web wallet and MetaMask. It has robust security features, including a tamper-proof label, and its open-source nature offers transparency to users.
To celebrate the addition of Kaspa support, OneKey is releasing a Limited Edition Classic for a short time. This special edition combines the best of OneKey and Kaspa for crypto enthusiasts.
Users are advised to purchase their OneKey hardware wallet from a trusted source and to check for the intact tamper-proof seal to ensure the device’s safety.
Kaspa has also provided various resources for users such as a wiki, Medium page, and social media channels on Discord, Telegram, Twitter, and Reddit.
For more information on the integration of Kaspa on OneKey, visit the Kaspa website.
May 26, 2023 | News
Kaspa, a blockchain platform, is exploring the possibility of adopting smart contracts with the use of Rollups technology. This technology aims to enhance the speed and efficiency of transactions on the blockchain.
There are two potential paths Kaspa could take. The first option involves fully integrating Rollups into Kaspa’s existing system, allowing for the creation of native smart contracts that would run at higher speeds. However, this would require significant effort to adapt an existing Rollups codebase to Kaspa’s platform.
The second option is a hybrid approach where Kaspa would act as a transaction organizer, while the finalization of transactions would still occur on the Ethereum network. This could be a smoother process, but it could also lead to Kaspa becoming dependent on Ethereum.
Regardless of which path Kaspa chooses, the platform is showing its commitment to embracing advanced blockchain technology and staying at the forefront of innovation.
For more information on Kaspa and its exploration of smart contracts, visit their website [Kaspa](https://kaspa.org/the-kaspa-community-and-the-exploration-of-smart-contracts/).
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.
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.
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.
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.