Aug 29, 2022 | News
Kaspa is excited to announce that they have successfully raised $50,000 through community donations to be listed on a top-tier exchange. The fundraising campaign started on August 23rd, 2022, and within just five days, the goal was met. This will be Kaspa’s sixth exchange listing and the most prominent one yet, with the exchange boasting an average volume of $1.5 billion and over 10 million daily visits.
Kaspa is known for being the world’s fastest, open-source, decentralized, and fully scalable Layer-1 digital asset. It uses a unique blockDAG technology that allows for parallel blocks and instant transaction confirmations. This addresses the common issues of speed, scalability, and security that limit the use of digital assets.
For more information about Kaspa, visit their website at www.kaspa.org or contact them at [email protected]. The full announcement can be found on their website under the title “Top-Tier Exchange Community Fundraising Complete!”
Aug 15, 2022 | News
The Kaspa project has seen significant growth since its main-net launch in November 2021. With a rapidly expanding community, Kaspa now boasts over 6000 members on Discord, 2600 on Telegram, and 2000 followers on Twitter. The project’s decentralized, fair-launched, instant confirmation, and fully scalable proof-of-work model has attracted investors and developers from around the world.
Mining and network security have also seen advancements, with support from GPU miner and mining pool developers. Kaspa can now be mined on four major mining software platforms, including BZminer, SRBminer, Lolminer, and a community-developed Kaspa Miner. Miners have the option to solo mine, use public nodes, or join one of four available pools. The project’s hash-rate has surged to over 38TH, ensuring a secure network for transactions.
Kaspa is now listed on four exchanges – Txbit, Exbitron, ViteX, and Cryptex24 – with more exchanges taking notice of the public’s interest. The coin’s value has increased sevenfold since launch, reflecting the market’s enthusiasm for the project.
In addition to technological advancements, Kaspa has invested in its brand with a new logo, website, and social media presence. The community has played a significant role in this growth, with volunteers and advocates contributing to the project’s strength.
Development-wise, Kaspa is undergoing a major phase with The Rust Language Rewrite, led by developer Michael Sutton. This rewrite will allow for even more parallel blocks per second and attract more high-level community developers.
Looking ahead, Kaspa has released a tentative roadmap and plans to publish a whitepaper by early 2023. The project aims to expand its community, obtain more exchange listings, increase mining software and pool support, and recruit more volunteers.
Overall, Kaspa’s launch has exceeded expectations and its potential for future growth continues to inspire the team and community.
For more information on Kaspa’s progress, visit kaspa.org.
Aug 15, 2022 | News
The Kaspa development team, led by Michael Sutton, has started a project to rewrite their codebase in the Rust programming language. This effort began in July and is expected to take 4-6 months to complete, funded entirely by community donations. The goal of this rewrite is to improve the performance and efficiency of the Kaspa system, allowing it to handle more transactions per second (TPS) and blocks per second (BPS). The team believes that this will help Kaspa reach its full potential as a leading financial system.
The main objectives of the rewrite include increasing efficiency and performance, maximizing BPS and TPS, simplifying and modularizing the codebase to make it more accessible to new developers, incorporating new features and upgrades more easily, and improving documentation.
The progress of the project can be tracked on Kaspa’s GitHub page, and the team welcomes participation from the community. For more information or to get involved, interested individuals can reach out on Discord.
This news comes from Kaspa, a cryptocurrency organization that aims to be at the forefront of financial systems. More details can be found on their website.
Nov 27, 2021 | News
Kaspa is a complicated system with many components, but at its core, it’s an implementation of the GHOSTDAG protocol, first conceptualized by Yonatan Sompolinsky and Aviv Zohar in 2016. The GHOSTDAG protocol allows for parallel block creation, which could potentially solve the scaling problem present in current blockchain technology.
The idea behind GHOSTDAG is that instead of having blocks point to a single parent, they can point to multiple parents, creating a DAG (directed acyclic graph) structure. This allows for more efficient block creation and faster confirmation times. However, there are challenges in implementing this protocol, such as determining the order of blocks and ensuring security against attackers.
Kaspa is currently in development and has not yet been stress-tested to see how many transactions it can handle. However, the team behind Kaspa believes that it has the potential to become the most resilient, robust, and fast PoW (proof of work) blockchain in the world.
Nov 18, 2021 | News
I want to start by expressing my gratitude to everyone who has joined and contributed to our community. It’s incredible to see the project that I was so passionate about during my PhD – the POW DAG consensus – come to life with a network and a dedicated community. A big thank you, or as we say in Hebrew, Todah!
I am now more focused on growing our member base rather than just getting academic citations, so I encourage you all to invite your crypto enthusiast friends to join us.
Every couple of years, a new fair-launched POW cryptocurrency emerges and captures the community’s interest. We’ve seen it with Litecoin, Monero, Grin, and now Kaspa. Let’s hope we continue to have success.
We didn’t expect such rapid growth, so I haven’t prepared answers to the frequently asked questions yet. I plan to write a more detailed post soon, but for now, here are some quick answers:
- Our monetary policy will be deflationary, with a more aggressive halving schedule than Bitcoin’s due to different market conditions. We’ll finalize details such as when this will start and the initial block reward soon. Also, we’re considering changing the representation of Kaspa to make it feel more scarce.
- Our proof-of-work is a Kaspa-specific version of heavy-hash, which I designed to be capital expenditure (CapEx) heavy. This should be more energy-efficient and encourage miner commitment. We’re open to discussing whether this is the best approach for Kaspa.
- The project is maintained by a few developers who work on it in their spare time, some of whom are funded by DAGlabs but are self-managed. There’s no company or entity responsible for your wallet or funds; this is a community project. To help, we need more developers who can manage themselves and contribute effectively.
- As for the roadmap, we don’t have an official one due to the decentralized nature of our development. However, I believe we should first work on increasing our
