The founder of DAGKnight, Yonatan, recently shared his thoughts on the funding pool being filled for the project. He expressed his surprise at the proposal being accepted so quickly and acknowledged the support from the community, including dolphins and whales who contributed to the funding.
Yonatan emphasized the responsibility he and his team feel to deliver on the expectations of the contributors, who have already invested their funds. He stated that they are making necessary arrangements to focus on the project and are confident in its success.
The DAGKnight white paper is available for those interested in learning more about the project. More information can be found on Kaspa’s website.
The Kaspa community is thrilled to announce the launch of a fundraising campaign to support the development of the DAGKnight protocol. The protocol is a groundbreaking innovation that promises to make Kaspa faster and more secure than ever before.
With DAGKnight, Kaspa will require fewer confirmations for transactions to be considered secure, and the network will be able to scale naturally as internet speeds increase over time. This positions Kaspa as the ultimate proof-of-work coin in the market.
The fundraising goal is set at 70 million Kaspa coins, which will go towards compensating two highly skilled software engineers for their full-time work on the project for nearly a year. The engineers have chosen to be paid in Kaspa coins, a bullish sign for the currency’s future.
Donors are encouraged to contribute 1% to 2% of their Kaspa holdings to reach the target amount. For those who prefer to donate in USDT, there are addresses available for BEP-20, TRC-20, Ethereum, and Matic chains.
The DAGKnight White Paper 2022 is available for those who want to learn more about the project. The fundraising campaign is a chance for Kaspa holders to invest in the future of the coin and potentially see significant returns as the protocol is implemented.
For more information on the DAGKnight Protocol Community CrowdFund, visit Kaspa.org.
In a recent article titled “Kaspa where to (Part III)” published on Kaspa’s website, Yonatan Sompolinsky shares his thoughts on the development funding models and sustainability for the Kaspa protocol. He discusses various operation modes for working on the protocol, including a “weekend project” approach with no financial incentive, receiving a grant from the community in exchange for code contributions, and finding a for-profit enterprise to further develop the kernel.
Sompolinsky also mentions a grant proposal for 70 MKAS, which is approximately 0.5% of the circulating supply, to support the continued development of the DAGKNIGHT (DK) protocol. He compares this to a previous grant of 100 MKAS, which was around 1% of the circulating supply at the time.
The article also touches on the concept of a “gift culture” in open-source development and the potential for long-term sustainability through a symbiotic relationship with a for-profit entity.
In summary, Sompolinsky presents different options for funding and sustaining the development of the Kaspa protocol and expresses his hope that his own biases do not influence his thought process too much.
In a recent blog post by Yonatan Sompolinsky, he discusses the current state of the cryptocurrency project Kaspa and its recent developments. Despite the ongoing “crypto winter,” Sompolinsky argues that projects with strong character and innovation can still thrive.
Sompolinsky and his colleague Michal Sutton have published a new protocol called DAGKNIGHT (DK), which they claim is the first proof-of-work consensus protocol that can adapt to network latency and resist attacks from up to 49% of byzantine actors. This protocol is the result of nearly three years of research and development.
Before DK can be considered for use in Kaspa, there are still some steps that need to be taken, including completing missing details in the proof section, preparing the paper for peer-review, devising efficient algorithms, and adapting the consensus algorithm to meet the specific requirements of a cryptocurrency.
The DK protocol also enables high block rates and fast confirmation times, but further research is needed to determine the optimal block rate. Additionally, DK allows for new features such as flexcaps, which allow miners to create blocks of varying sizes and difficulties, and stealth transactions, which protect users from MEV (miner extractable value) when smart contracts are developed.
Sompolinsky also mentions the need for a new grant request from the Kaspa community to fund this consensus upgrade, and expresses hope that miners and other stakeholders will see the long-term benefits of this investment.
Lastly, Sompolinsky shares a mishap in the Kaspa Discord community where a moderator accidentally kicked out all inactive users, reducing the community size by 25%. However, he sees a silver lining in that it revealed 9,000 active members in the last 30 days, indicating a strong and engaged community.
In conclusion, Sompolinsky expresses gratitude for the active members of the Kaspa community and their role in turning Kaspa from a sound protocol to a sound money.
#KASPA core factor @ DesheShai talking about in the current AMA with #MEXC on what makes Kaspa special!
$KAS #CRYPTO #POW #AMA In the world of cryptocurrency, development is plentiful as jobs contend to exceed constraints and provide distinct benefits. Kaspa goes into the scene as a Proof-of-Work (PoW) cryptocurrency with a distinct twist: the GHOSTDAG procedure. It’s this special element that separates Kaspa from other cryptocurrencies. Unlike standard blockchains, Kaspa uses a blockDAG (directed acyclic chart). This makes it possible for Kaspa to attain lightning-fast deal speeds, apparently processing a block per second. Envision sending out a crypto payment and having it verified practically immediately– that’s the sort of speed Kaspa is going for. Speed isn’t the only element to think about. Worldwide of cryptocurrency, security is critical, and Kaspa is crafted to withstand 51% attacks, a typical risk. Furthermore, Kaspa promotes a decentralized network with a growing variety of miners and nodes, even more reinforcing security. Kaspa embodies the community-driven values of cryptocurrencies like Bitcoin and Litecoin. Kaspa runs without main governance, and its launch was reasonable, lacking pre-mined coins or unique allowances for designers. This cultivates trust and openness within the Kaspa neighborhood. With its concentrate on deal speed, scalability, and a protected, community-driven method, Kaspa is an interesting competitor in the ever-evolving cryptocurrency landscape. The concern of whether it will end up being the fastest and most scalable immediate verification deal layer developed on a proof-of-work engine stays unanswered, however Kaspa is absolutely a task deserving of attention. While this short article has actually supplied a top-level introduction of Kaspa’s capacity, remaining current on the current advancements is vital for any educated financier or crypto lover. For those wanting extensive analysis, technical conversations, and breaking news associated to Kaspa, Kaspanews.net is an important source. This devoted news platform assures to keep you at the leading edge of the Kaspa discussion.
Kaspa, a cryptocurrency project aiming to become a common currency for everyday use, has announced several initiatives to promote its adoption among merchants. The goal is to see Kaspa being used for daily transactions, not just trading and holding.
To achieve this, Kaspa plans to set up a Store Directory on its website, where merchants can list their businesses and receive social media promotions for added exposure. Merchants are encouraged to use Cryptocurrency Checkout, a platform that offers multiple integrations for Kaspa transactions.
Additionally, Kaspa is offering digital assets, window stickers, and point-of-sale tools to merchants who adopt the currency early. They will also receive some Kaspa to kickstart their wallets. Interested merchants can join Kaspa’s Discord channel for updates on this incentive.
Kaspa has also provided installation guides for various store integrations, including WooCommerce, Bigcommerce, WHMCS, Shopify, and HTML websites. Furthermore, the project offers donation integration guides for platforms like Twitch.tv, Youtube, Instagram, Facebook, and Twitter.
The full announcement can be found on Kaspa’s website, and it represents a significant step in the project’s pursuit of mass adoption. Merchants now have the resources and support to start accepting Kaspa as a form of payment, potentially increasing its use in everyday transactions.
