Kaspa, a relatively new cryptocurrency, has just set a new benchmark in the industry by achieving an impressive 10 transactions per second (BPS) on its testnet. This milestone was reached during a recent test run and has left many in the cryptocurrency community impressed with its performance. The achievement of 10 BPS is a significant feat for Kaspa, as it is a clear indication of the cryptocurrency’s scalability and potential for mass adoption. With this level of performance, Kaspa has demonstrated that it can handle a high volume of transactions without experiencing any significant slowdowns or issues. The testnet run was conducted by the Kaspa development team, who have been working tirelessly to improve the cryptocurrency’s performance and usability. The team has stated that they are committed to continuing to push the boundaries of what is possible with Kaspa and are already working on further optimizations to increase its BPS even more. This news is sure to catch the attention of investors and users alike, as Kaspa’s impressive BPS puts it ahead of many other cryptocurrencies in terms of speed and efficiency. With its ability to handle a large number of transactions quickly and reliably, Kaspa is poised to become a major player in the cryptocurrency market. Overall, Kaspa’s achievement of 10 BPS on its testnet is a significant milestone for the cryptocurrency and sets a new benchmark for others to follow. As the development team continues to improve upon this performance, we can expect to see even more impressive results from Kaspa in the future.

Jun 28, 2023 | News

Kaspa, a leading proof-of-work platform, has announced a groundbreaking achievement on its testnet. The company has successfully reached a rate of 10 Blocks Per Second (BPS), setting a new standard in the cryptocurrency industry.

The platform launched Testnet 11, a public experimental network, to achieve this impressive block rate. This development opens up new opportunities for innovation in the field of cryptocurrency.

Yonatan Sompolinsky, Founder of Kaspa and co-author of the GHOSTDAG protocol, expressed his excitement about the achievement. He emphasized that the system’s high sensitivity to errors and the need for top-notch execution capabilities make this a significant milestone.

Michael Sutton, a core developer at Kaspa, highlighted the importance of performance in cryptocurrency scalability. He pointed out that the scalability of a cryptocurrency is now limited by computation limits, not the protocol itself.

Shai Deshe, a Kaspa researcher, added that this is the first time a public proof-of-work network has achieved such high transaction rates on affordable hardware. He mentioned that surpassing 3000 TPS has been surprisingly effortless and raised the possibility of outperforming VISA.

This achievement is a significant step forward in realizing Satoshi Nakamoto’s vision of an efficient and widely adopted cryptocurrency. Kaspa’s use of blockDAG technology to handle high transaction volumes paves the way for future innovations in digital currencies.

Witness this historic milestone live on the Kaspa Twitch channel: https://twitch.tv/kaspacurrency.

About Kaspa:
Kaspa is the fastest and most scalable instant confirmation transaction Layer-1 built on proof-of-work. Using the GHOSTDAG protocol, Kaspa offers high block rates while maintaining security and decentralization.

For more information, visit the Kaspa website at https://kaspa.org, follow them on Twitter at https://twitter.com/KaspaCurrency, or read their Medium blog at https://medium.com/kaspa-currency.

Media Contact:
Nathaniel Crowningshield
Email: [email protected]
Website: https://kaspa.org

The original announcement can be found on Kaspa’s website: https://kaspa.org/kaspa-achieves-10-bps-in-testnet-sets-a-new-benchmark-in-cryptocurrency.

Good evening, everyone. I’m reporting live from the world of cryptocurrency, where Kaspa, the open-source project focused on building a decentralized and scalable blockchain, has just announced the launch of its Testnet 11. This is a significant milestone for the Kaspa community, as it brings them one step closer to the mainnet launch. Testnet 11 introduces several new features and improvements to the Kaspa network, including enhanced security measures, faster transaction times, and a more user-friendly interface. The Kaspa team has been working tirelessly to ensure that this latest testnet is their most robust and reliable yet. For those unfamiliar with Kaspa, it is a blockchain project that aims to solve the scalability issues faced by many other cryptocurrencies. By using a unique consensus algorithm called GHOSTDAG, Kaspa can process a high volume of transactions quickly and efficiently. The launch of Testnet 11 is an exciting development for the Kaspa community and the broader cryptocurrency space. It demonstrates the project’s commitment to innovation and its potential to become a significant player in the industry. As always, we will continue to keep you updated on the latest news and developments from Kaspa and the world of cryptocurrency. Stay tuned for more updates.

Jun 28, 2023 | News

Kaspa, a cryptocurrency and cryptography company, has made a significant breakthrough with their Testnet 11, which operates at a speed of 10 blocks per second (BPS). This experimental network serves as a testing ground for developers to trial new technologies in a controlled environment.

Testnet 11 has been designed to stress test the network’s capabilities under various conditions, including fluctuating hash rates and transaction loads. Developers and users are encouraged to participate by joining, mining, experimenting, or setting up nodes.

The results from Testnet 11 have defied expectations and set new records in the world of proof-of-work protocols. The Kaspa protocol has managed to process thousands of transactions per second on affordable hardware, which was previously thought to be impossible.

To participate in Testnet 11, users need to download the Rusty Kaspa software, which allows them to connect to the network and sync with other nodes. CPU mining is also encouraged, but optional. The basic hardware requirements include 16GB RAM, a CPU with 8 or more cores, and a 50GB SSD drive.

The success of Testnet 11 has paved the way for the implementation of 10 BPS speeds on Kaspa’s mainnet. However, this will involve several steps and testing phases to ensure stability before it goes live.

Kaspa’s advancements demonstrate the continuous evolution of cryptocurrency and its potential to push boundaries. For those interested in participating or learning more about the Rust rewrite, further information can be found on the Rusty Kaspa GitHub page. However, it’s important to note that Testnet 11 is still a testing environment and may experience instability during the experimentation process.

For updates and engagement with the Kaspa community, users can visit their Discord, Twitter, Reddit, and other social media platforms.

Good evening, everyone. I’m here to bring you the latest news in the cryptocurrency world. Today, we have an exciting announcement: Kaspa, the fast and secure blockchain platform, has integrated with CoinPal, a leading cryptocurrency payment gateway. This integration means that users of Kaspa will now be able to easily make payments and transactions using CoinPal’s secure and user-friendly platform. CoinPal is known for its low transaction fees and quick processing times, making it an ideal partner for Kaspa. The partnership between Kaspa and CoinPal is expected to bring a new level of convenience and accessibility to the cryptocurrency community. Users will now be able to take advantage of Kaspa’s fast and scalable blockchain technology while enjoying the benefits of CoinPal’s payment gateway. This integration is a significant step forward for both companies and is sure to have a positive impact on the cryptocurrency market as a whole. We will continue to keep you updated on any further developments in this exciting partnership. That’s all for now. Stay tuned for more updates on the world of cryptocurrency.

Jun 22, 2023 | News

CoinPal Expands Cryptocurrency Payment Services with Kaspa Integration

A Trusted Crypto Solution for Digital Business

CoinPal

CoinPal.io, a prominent cryptocurrency payment service provider, has announced the integration of Kaspa, a decentralized peer-to-peer cryptocurrency, into its platform. This move enhances CoinPal’s services by offering faster transaction speeds, increased scalability, and lower fees.

CoinPal supports over 50 different cryptocurrencies and is now adding Kaspa to its list. This integration aims to advance e-commerce and establish CoinPal as a key player in the adoption of cryptocurrencies.

The company’s dedication to promoting the use of cryptocurrencies is evident in its support for various industries, including live streaming, VPN services, and even coffee shops.

“The CoinPal support team is top-notch…Their integration with Shopify is seamless and allows for a wide range of cryptocurrency payments, which are quickly converted into the store owner’s preferred currency. This is a win-win for merchants of all sizes.”
– Brand 425 Coffee

Beyond supporting multiple cryptocurrencies, CoinPal focuses on improving user experiences through easy integration with eCommerce platforms like WooCommerce, Magento, Opencart, Zen Cart, PrestaShop, Shopyy, Shoplazza, and Shopify.

“All automation on my site worked perfectly! Unlike other checkout apps that required manual input, this one operates smoothly.”
– Pool Party Nodes

DeFi for TradFi

In an attempt to bridge traditional finance with cryptocurrency, CoinPal has launched a crypto credit card that can be linked to mobile payment solutions like Apple Pay in under a minute. The card offers privacy protection and does not require personal information from users.

CoinPal ensures user funds are secure by holding an EU cryptocurrency exchange license. In partnership with Glocash, CoinPal’s crypto credit card can be used similarly to traditional credit cards, thanks to VISA and Mastercard partnerships.

CoinPal is at the forefront of global cryptocurrency payment solutions with its diverse cryptocurrency support, eCommerce platform integration, and innovative services like the crypto credit card.

CoinPal.io

Tip: CoinPal aligns with Kaspa’s mission to make cryptocurrency practical and accessible for everyday transactions.

For more information on Kaspa and CoinPal, visit their respective websites and follow them on social media platforms such as Twitter, Reddit, GitHub, and Telegram.

The original post “Kaspa Integrated with CoinPal” can be found on Kaspa’s website.

Good evening, everyone. We have some exciting news coming from the Kaspa community. A crowdfunding campaign has been launched to develop a community translator for the Kaspa network. The Kaspa network, known for its fast and scalable blockchain technology, has seen significant growth in its user base. However, with this growth comes the challenge of language barriers, as the community is made up of members from all around the world. To address this issue, the Kaspa community has come together to raise funds for the development of a translator that will allow for seamless communication between members who speak different languages. The translator will be integrated into the Kaspa network, making it easier for users to interact and collaborate on projects. The crowdfunding campaign has already gained traction, with many members of the community showing their support by contributing to the fund. The goal is to raise enough money to hire a team of developers who can bring this project to life. This initiative is a testament to the strong sense of community within the Kaspa network. By working together to overcome language barriers, the community is paving the way for a more inclusive and collaborative environment. Stay tuned for more updates on this exciting development.

Jun 16, 2023 | News

The Kaspa community has successfully closed funding for its translator crowdfund, raising a total of 283,935 KAS. The aim of the crowdfund was to support the translation of Kaspa content into various languages, making it accessible to non-English speakers worldwide.

English is currently the primary language used in the Kaspa community, which limits the participation of those who do not speak it. This crowdfunding initiative aims to change that by involving community members in translating content, ensuring everyone can understand and use Kaspa.

The funds will be managed by the Community Marketing Fund (CMF) to ensure sustainability and coordination with marketing efforts. This move is part of a broader strategy to promote global adoption of Kaspa by embracing language diversity and inclusivity.

The goal is to raise 1 million KAS tokens, and the community is committed to reaching out to more people and encouraging them to use Kaspa. By recognizing the importance of engaging with all languages and cultures, Kaspa aims to achieve a global perspective and unified goal.

For more information on the Kaspa Community Translator Crowdfund, visit the Kaspa website or follow their social media channels.

Good evening, I’m reporting live from the Bitpanda headquarters where the team has just announced the launch of their Kaspa Crowdfund Campaign. The campaign aims to raise funds for the development of Kaspa, a new cryptocurrency that promises to revolutionize the way we think about digital currencies. Kaspa is designed to be a fast, scalable, and secure cryptocurrency that can handle a large number of transactions per second. The team behind Kaspa believes that it has the potential to become the go-to cryptocurrency for everyday transactions, from buying a cup of coffee to paying for online services. The Crowdfund Campaign is open to anyone who wants to support the development of Kaspa. Bitpanda is offering a range of rewards for backers, including exclusive access to Kaspa tokens, merchandise, and even a chance to meet the team behind the project. The campaign has already generated a lot of interest, with many investors eager to get involved in what could be the next big thing in cryptocurrency. With the backing of Bitpanda, one of Europe’s leading cryptocurrency exchanges, Kaspa is poised to make a big impact on the market. Bitpanda has set a fundraising goal of €1 million for the campaign, which will run for the next 30 days. If successful, the funds will be used to further develop Kaspa’s technology and infrastructure, as well as to promote its adoption among users and merchants. This is an exciting time for cryptocurrency enthusiasts, and we’ll be keeping a close eye on the Kaspa Crowdfund Campaign as it unfolds. Stay tuned for more updates.

Jun 13, 2023 | News

A new funding initiative has been set up to get the cryptocurrency Kaspa, also known as $KAS, listed on Bitpanda, a popular Centralized Finance (CeFi) platform. Bitpanda is a well-established broker and exchange based in Austria, offering a secure trading environment with European regulation standards.

With over 4 million users, Bitpanda provides a variety of investment options including cryptocurrencies, stocks, and precious metals. It also offers unique features like investment in fractional stocks and a debit card for spending digital assets.

Kaspa aims to increase its visibility and user base through Bitpanda’s Spotlight Program, which highlights fast-moving crypto projects. A fundraising goal of $5000 in KAS has been set to promote this partnership through airdrops to Bitpanda subscribers.

The campaign is limited to a 72-hour window, and community support is encouraged. This listing on Bitpanda represents a significant step towards wider accessibility and decentralization in the cryptocurrency world.

Bitpanda also seeks to educate users on investing and cryptocurrency through its Bitpanda Academy. The Kaspa community is hopeful that this effort will aid in the growth and adoption of digital assets in Europe.

For more information or to contribute to the Kaspa crowdfund, visit their Discord or explorer page.

Good evening everyone, I’m your reporter bringing you the latest news on Kaspa’s development. Today, we’re breaking down the Kaspa Improvement Proposal known as KIP-4. KIP-4 is a proposal that aims to improve the Kaspa network’s scalability and security. The proposal suggests the implementation of a new consensus algorithm called “GHOSTDAG”, which stands for Greedy Heaviest Observed Sub-Tree Directed Acyclic Graph. This new algorithm is designed to allow the Kaspa network to process transactions faster and more efficiently while maintaining its security. One of the key features of GHOSTDAG is its ability to process multiple blocks simultaneously, which is a significant improvement over the current single-block processing system. This will enable the Kaspa network to handle a higher volume of transactions without slowing down or becoming congested. Another important aspect of KIP-4 is its focus on security. The proposal includes measures to prevent double-spending attacks and other malicious activities that could potentially harm the network. This is achieved through a combination of cryptographic techniques and network monitoring. Overall, KIP-4 represents a major step forward for the Kaspa network. If implemented, it could greatly enhance the network’s performance and make it more attractive to users and developers alike. That’s all for now, but we’ll continue to keep you updated on the latest developments with Kaspa and KIP-4. Stay tuned!

Jun 12, 2023 | News

Improving Kaspa’s Complexity Adjustments and KIP-3

Kaspa, a cryptocurrency network, is constantly evolving with new proposals called Kaspa Improvement Proposals or KIPs. The latest one to hit the spotlight is KIP-4, introduced by Shai Wyborski, Michael Sutton, and Georges Künzli on June 12, 2023. This proposal aims to refine the protocol’s complexity, making it easier for everyday users to understand.

KIP-4: A Step Towards Simplification

The main goal of KIP-4 is to improve how Kaspa adjusts the difficulty of its mining process, which is crucial for the network’s security and functionality. Mining involves solving complex mathematical puzzles, and the difficulty level of these puzzles determines the ease of mining a block. KIP-4 proposes a method that picks specific blocks at regular intervals for difficulty adjustment, rather than checking all blocks, making the process more efficient.

The Predecessor’s Flaw and KIP-4’s Solution

Previously, KIP-3 suggested using a subset of blocks for the verification process to reduce the load on the network. However, it was found that this method could be exploited if a miner knew which blocks would be sampled. KIP-4 addresses this issue by considering every nth block (like the 0th, 9th, 18th, etc.) for difficulty adjustment, which has proven to be effective and efficient during testing.

Community Developer’s Crucial Role

KIP-4 was brought to life by a community developer known as @Tiram_88, who leveraged their understanding of the protocol to contribute significantly to Kaspa’s core functioning. The proposal has passed testing in a controlled environment and will soon be released to the testnet, a “practice” network for users to trial new features without risking real assets.

Looking Ahead

KIP-4 is a testament to the ongoing innovation in the crypto world. It brings a fresh perspective on optimizing complexity adjustment processes and highlights the importance of community involvement in developing and refining technology. Soon, Kaspa will incorporate KIP-4 into its mainnet through a hard fork, marking another significant milestone in cryptocurrency technology.