Nov 9, 2022 | News
CoinEx, a cryptocurrency exchange platform, has announced the addition of KAS, a new trading option, to its list of supported cryptocurrencies. Starting on November 10, 2022 (UTC), users will be able to deposit and withdraw KAS, as well as participate in Automated Market Making (AMM) activities. The KAS/USDT trading pair will also become available on the same day.
For more information on KAS, visit CoinEx’s website at https://www.coinex.com/info/KAS.
The services for KAS will include:
1. Deposit and withdrawal starting at 07:00 on November 10, 2022 (UTC).
2. The trading pair KAS/USDT.
3. The opening method will be through a Call Auction, taking place from 07:00 to 09:50 on November 10, 2022 (UTC), during which time orders can be placed and canceled. From 09:50 to 10:00, orders can still be placed but cannot be canceled.
4. Actual trading will commence at 10:00 on November 10, 2022 (UTC).
For more details on the Call Auction process, please refer to CoinEx’s support page at https://support.coinex.com/hc/articles/360030975794.
In related news, KASPA is now officially listed on CoinEx, as mentioned in a recent post on Kaspa’s website. You can read more about this development at https://kaspa.org/kaspa-now-listed-on-coinex/.
Oct 27, 2022 | News
GHOSTDAG is a technology that creates a chain out of parallel blocks in the BlockDAG, providing the same security as bitcoin but with faster transaction times and higher throughput. Kaspa’s new ordering mechanism, DAGKNIGHT, further improves confirmation times by adapting to internet speeds. This was presented at the Crypto Economics Security Conference by Michael Sutton and Yonatan Sompolinsky on October 31, 2022. DAGKNIGHT is set to revolutionize proof-of-work consensus algorithms by being responsive to network latency and suitable for smart contracts. Kaspa is already equipped with many of the necessary tools to implement DAGKNIGHT. The full white paper on DAGKNIGHT can be found at [link].
Sep 28, 2022 | News
DAGs, or Directed Acyclic Graphs, are known for their incredible speed due to their ability to parallelize. Unlike traditional blockchains where only one block is considered valid, DAGs allow for multiple blocks to be created simultaneously, all of which are considered valid. This not only increases the security of the network but also removes a major hurdle to transaction throughput. However, designing DAG consensus protocols is a complex task that requires careful consideration to avoid new forms of attack.
One of the benefits of DAGs is the increased transaction throughput, as well as significantly reduced confirmation times. While it may seem that creating more blocks would lead to higher transaction throughput, it’s not always that simple. To learn more about this topic, check out Shai Deshe’s full article on Medium.
For the latest updates on DAG technology and its impact on transaction throughput, be sure to follow Kaspa’s Core Developer Series.
Sep 26, 2022 | News
The cryptocurrency Kaspa is set to be listed on the MEXC Global exchange, with trading beginning on September 27th at 15:00 UTC. Users can sign up for MEXC using an affiliate link provided by Kaspa, which offers a 10% rebate on trading commissions.
In addition to the listing, MEXC and Kaspa are hosting a special marketing event called “MEXC M-Day.” This event includes airdrops of 3,570,000 KAS coins and is open to all MEXC users who meet certain futures trading requirements. The M-Day event starts on September 26th at 8:00 UTC and ends on September 27th at 8:00 UTC.
During the event, users who trade USDT-M futures on MEXC with a minimum volume of 10,000 USDT will be entered into a lucky draw. The more they trade, the more tickets they can claim. More information can be found on the MEXC website.
Kaspa is described as the fastest, open-source, decentralized and fully scalable Layer-1 digital asset in the world. It uses a blockDAG ledger that allows for parallel blocks and instant transaction confirmation. Kaspa aims to solve the speed, scalability and security issues that currently limit the use of digital assets.
The Kaspa team thanks their community for their support and donations that made this listing possible. For more information about Kaspa, visit their website at www.kaspa.org.
Sep 7, 2022 | News
Understanding the Block-DAG Paradigm
Reported by Michael Sutton, Core Developer
Welcome to our blog series where we break down the basics of Kaspa in easy-to-understand terms. No need to be a blockchain expert, though a little knowledge of Bitcoin might help.
Introducing Kaspa
Think of Kaspa as a powerhouse that takes Bitcoin’s blockchain concept to the next level.
Block-DAG: A New Twist on Blockchain
Kaspa shakes things up with its block-DAG mining approach. Unlike Bitcoin, where miners focus on the longest chain, Kaspa miners lay all their cards on the table. They mine on top of every block they’re aware of, not just one. This openness is what we call “the revelation principle”.
By mining this way, we get a clearer picture of the timeline of blocks – which one came after which. This creates a web of blocks, where each one points back to the ones before it, forming what’s known as a Directed Acyclic Graph (DAG).
Block-DAG Jargon Made Simple
Let’s talk lingo. The blocks that come before block B are its “parents”. The “past” of B includes all the blocks leading up to it. The “future” is the opposite – all the blocks that come after it. Blocks that aren’t connected to B in any way are in its “anticone” – think of them as running parallel with no interaction.
Putting the Block-DAG in Order
Before we dive into Kaspa’s specific ordering protocol, let’s look at how you’d order any block-DAG. Imagine a function that picks out one particular parent for each block. This creates a tree structure within the larger web of blocks. We also have a “virtual” block that represents the next block to be mined.
Using this function, we can trace a path from this virtual block all the way back to the very first block, called the genesis. This path helps us sort the whole DAG.
To do this, we need to understand what each block adds to the DAG, which we call its “mergeset”. Picturing the path as a spine, these mergesets are like ribs added one by one to form a complete skeleton.
The process is quite straightforward when you break it down:
- Find the path using our function
- Create an empty list for our ordering
- Starting from the first block and moving up, add each block’s mergeset to our list
- Voila! We have our ordered list
The Link Between Chain Security and Reliable DAG Ordering
Understanding how chains and DAGs are related helps us secure the ordering process. We want an ordering system that’s stable, where only recent blocks might change their position.
If our chain is stable and doesn’t change much over time, then our DAG will be too. So, we need a reliable way to find such a chain – and that’s where a secure parent selection function comes in.
What’s Next?
In our next post, we’ll explore Kaspa’s GHOSTDAG protocol and give clearer definitions for terms like “blue score” and “blue work”. Understanding chains is key to grasping Kaspa’s system; it’s not just about picking parents but also plays into our transaction system and DAG queries.
Stay tuned and don’t forget to check out Core Developer Series: Kaspa 101 – Part 1, originally published on Kaspa.
Sep 1, 2022 | News
Today, Kaspa announced an exciting partnership with Flux, a leading provider of decentralized cloud solutions. Together, they will be launching Kaspa network nodes on Flux’s cloud infrastructure. This move will help Kaspa further decentralize its network, making it more secure and scalable.
Flux operates over 13,500 nodes worldwide, ensuring that if one node goes down, another can quickly take its place. These nodes can be hosted on various platforms, from dedicated servers to home setups.
Kaspa expressed gratitude to Flux for their support in achieving its goal of becoming the fastest, open-source, and fully scalable Layer 1 digital ledger in the world. This partnership with Flux, a top provider in decentralized Web3 infrastructure, is a significant step forward for Kaspa.
For more information on this partnership, you can read the full article on Kaspa’s website.
