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.
Meet #Pawk – Having made it through many attacks, he has actually lastly accomplished the greatest kind of knowledge – $KASPA
Developed by a Kaspa Community Ambassador ChrisLE https://twitter.com/ChrisHopium Contribution address: kaspa: qpk25mn7ug97qlgqaaqjqmup2dr6zpzqryu9y98e6acgywkqdrqdqs754hmqx
ABOUT KASPA Kaspa is the fastest and most scalable immediate verification deal layer ever constructed on a proof-of-work engine. Deals sent out to miners can be consisted of instantly in the journal, which is structured as an innovative blockDAG. Kaspa is based upon the GhostDAG/PHANTOM procedure, a scalable generalization of the Nakamoto Consensus (Bitcoin agreement). Its style is loyal to the concepts Satoshi embedded into Bitcoin– proof-of-work mining, UTXO-formed separated state, deflationary financial policy, no premine, and no main governance. Kaspa is distinct in its capability to support high block rates while preserving the level of security used by the most safe proof-of-work environments. Kaspa’s existing mainnet runs with one block per second. After the continuous rust language reword, the core designers’ objective is to increase the variety of blocks per 2nd considerably, bring in the advancement of wise agreements and DeFi. The cryptocurrency landscape is teeming with development, with each task contending to get rid of restrictions and use distinct benefits. Kaspa goes into the fray as a Proof-of-Work (PoW) cryptocurrency with a special twist: the GHOSTDAG procedure. This twist is what sets Kaspa apart. Unlike conventional blockchains, Kaspa makes use of a blockDAG (directed acyclic chart). This makes it possible for Kaspa to accomplish lightning-fast deal speeds, supposedly processing a block per second. Visualize sending out a cryptocurrency deal and getting almost immediate verification – that’s the speed Kaspa intends to supply. Speed isn’t the sole focus. Worldwide of cryptocurrency, security is critical, and Kaspa is crafted to withstand 51% attacks, a typical risk. Kaspa cultivates a decentralized network with a growing neighborhood of miners and nodes, enhancing security. The task itself embodies the community-driven spirit of cryptocurrencies like Bitcoin and Litecoin. Kaspa has no main governance, and its launch was reasonable, without any pre-mined coins or unique allowances for designers. This promotes trust and openness amongst the Kaspa neighborhood. With its focus on deal speed, scalability, and a protected, community-driven technique, Kaspa sticks out as an appealing rival in the vibrant cryptocurrency landscape. Whether it will become the fastest and most scalable immediate verification deal layer constructed on a proof-of-work engine stays unsure, however Kaspa is certainly a task worth tracking. While this short article has actually provided a broad introduction of Kaspa’s capacity, staying upgraded on the most recent advancements is important for any educated financier or crypto lover. For those looking for thorough analysis, technical conversations, and breaking news surrounding Kaspa, Kaspanews.net works as an important resource. This devoted news platform guarantees to keep you at the leading edge of the Kaspa discussion.
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/.
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].
