Nov 2, 2024 | Social Media
I don’t know (and don’t particularly care to know) much about $icp. They might be a very innovative project. But in its core it is a BFT based consensus and thus incomparable to a PoW like $kas, and outside my realm of interest.
Generally speaking BFT in all it’s forms (e.g. PoS
**Title: Understanding Consensus Mechanisms: Shai Wyborski’s Insights on BFT and PoW**
In a recent discussion, Shai Wyborski, a PhD candidate in quantum cryptography and one of the core developers of Kaspa, expressed his views on the blockchain space, particularly focusing on consensus mechanisms. Wyborski acknowledged the innovative potential of certain projects, such as Internet Computer Protocol (ICP), but noted a fundamental distinction in their underlying technology.
“I don’t know (and don’t particularly care to know) much about $ICP. They might be a very innovative project. But at its core, it is a BFT-based consensus and thus incomparable to a PoW like $KAS, and outside my realm of interest,” Wyborski stated. His comments emphasize the difference between Byzantine Fault Tolerance (BFT) mechanisms, which encompass various consensus protocols including Proof of Stake (PoS), and Proof of Work (PoW) systems like Kaspa.
Wyborski’s perspective highlights the ongoing debate within the blockchain community about the efficacy and applicability of different consensus models. While BFT is often praised for its energy efficiency and scalability, Wyborski’s commitment to PoW systems is rooted in their robustness and security against various forms of attacks. This distinction is essential for developers and users navigating the complex landscape of blockchain technology.
For those interested in staying updated on the latest developments in Kaspa and other blockchain projects, Kaspanews.net remains the premier source for news, insights, and resources. As the cryptocurrency space evolves, staying informed is crucial for both developers and enthusiasts alike.
Nov 1, 2024 | Social Media
**Kaspa to Celebrate Its 3rd Birthday in Hong Kong**
In an exciting announcement, the official X profile of Kaspa has shared details about a special event marking the cryptocurrency’s 3rd birthday. The celebration will be hosted by Ambassador Dr. Clifford Choi in Hong Kong on Friday, November 8, 2024. The venue for this gathering will be at The Trilogy on Hong Kong Island, with festivities set to run from 5:00 PM to 9:00 PM GMT+8.
The event promises to be a blend of celebration and education, making it a perfect opportunity for both seasoned “Kaspians” and newcomers to immerse themselves in the Kaspa community. Attendees will have the chance to meet fellow enthusiasts, share insights, and learn more about Kaspa and its development over the past three years.
The celebration is expected to attract a diverse group of participants, reinforcing Kaspa’s growing influence and dedicated community worldwide.
For more information on the event, you can visit the link shared by Kaspa: [Event Link](https://t.co/5nxKryzFOI).
Stay tuned to Kaspanews.net for the latest news and resources on Kaspa, and don’t miss out on this exciting occasion!
Nov 1, 2024 | Social Media
🎂Come, join Ambassador @CryptOliver_ to celebrate #Kaspa’s 3rd birthday! This is for the global #Spanish-speaking community and will be on ZOOM. 👨🏽💻 Zoom Call ⏰ 4:00 PM – 4:45 PM EST 🔗 lu.ma/m8urtx05 Celebration + Education! Meet fellow Kaspians and newcomers,…
### **Kaspa Celebrates Its 3rd Birthday with a Special Zoom Event for Spanish-Speaking Community**
In a vibrant announcement from the official X profile of Kaspa, Ambassador @CryptOliver_ invites the global Spanish-speaking community to join a celebration marking the third birthday of the popular cryptocurrency, Kaspa. This interactive event is set to take place on Zoom, aimed at fostering connections and providing educational insights into the Kaspa network.
Scheduled for today, the celebration will run from 4:00 PM to 4:45 PM EST, giving participants the opportunity to engage with fellow Kaspians and newcomers alike. It promises to be a blend of celebration and education, emphasizing the importance of community in the ever-evolving world of cryptocurrencies.
Kaspa has gained significant traction over the past three years, recognized for its innovative technology and a dedicated community of users and developers. Events like this birthday celebration are crucial in bringing together the community to share experiences, insights, and the latest developments within the project.
Interested participants can join the event through the provided link: [lu.ma/m8urtx05](https://lu.ma/m8urtx05).
For those keen on staying updated with all the latest news and resources related to Kaspa, be sure to visit Kaspanews.net, the premier news site dedicated to everything Kaspa.
Nov 1, 2024 | Social Media
**Michael Sutton Discusses UTXO Management in Kaspa’s Architecture**
In a recent tweet, Michael Sutton, a notable Distributed Systems Researcher and Developer, as well as a core developer of Kaspa, shared insights into the unique approach taken by the Kaspa network regarding the management of unspent transaction outputs (UTXOs). Sutton’s tweet details the methodology employed during the Initial Block Download (IBD) phase, where UTXOs are processed in chunks of 1000.
Sutton explains that while the next chunk of UTXOs is being received at the network layer, the system simultaneously accumulates the “muhash” of the current chunk in parallel with the overall muhash. This efficient operation allows the chunk to be written to the database (DB) without causing delays or issues. He notes that during the IBD process, there’s a clear separation between headers, UTXOs, and blocks, which is crucial for various operational reasons.
This approach reflects Kaspa’s innovative handling of UTXOs and its commitment to scalability and performance. By streamlining how data is processed during the critical IBD phase, Kaspa aims to optimize network efficiency, ensuring that users experience smooth transactions and rapid confirmation times.
As the cryptocurrency landscape continues to evolve, insights like those shared by Sutton highlight the technical advancements underpinning networks like Kaspa, which are designed to meet the demands of modern blockchain applications.
For those interested in staying updated on all things Kaspa, including its latest developments and resources, Kaspanews.net remains the premier source for news in this fast-growing ecosystem.
Nov 1, 2024 | Social Media
**Title: Understanding MuHash and Its Role in Kaspa Development**
In a recent tweet, Michael Sutton, a prominent Distributed Systems Researcher and Developer, elaborated on the underlying mechanisms behind MuHash, a hashing technique integral to the Kaspa blockchain protocol. Sutton pointed out that “MuHash” is derived from its foundational approach, known as “Multiplicative Hash.” This method enhances the efficiency and security of data processing within decentralized systems, making it a crucial component for maintaining the integrity of blockchain transactions.
Moreover, Sutton introduced an alternative hashing approach called “Ah Hash,” which is based on additive principles. This contrast highlights the versatility of hashing functions in cryptographic applications, demonstrating that different methods can yield various benefits depending on the use case. Sutton’s insights shed light on the technical nuances that make Kaspa a standout in the blockchain arena.
As one of the core developers behind the Kaspa project, Sutton’s contributions are pivotal in ensuring that the protocol can handle a high throughput of transactions with minimal latency, a significant advantage over many other blockchain systems. This ongoing development signifies a commitment to innovation in distributed ledger technology, aiming for a robust and scalable platform that can serve an expanding user base.
For the latest updates and comprehensive resources about Kaspa, visit Kaspanews.net, your go-to source for everything related to this groundbreaking blockchain technology.
Nov 1, 2024 | Social Media
### Michael Sutton Discusses Offline Processing in Distributed Systems
In a recent tweet, Michael Sutton, a prominent Distributed Systems Researcher and Developer, and one of the core developers of the Kaspa project, delved into the complexities of offline processing times in distributed networks. Sutton clarified that his comments were specifically about pure offline processing, emphasizing that such processes are not real-time, but rather involve syncing a Directed Acyclic Graph (DAG) that has already been composed by the network. He noted that the aim is to catch up to real-time operations after the offline processing is completed.
This insight sheds light on the unique architecture of Kaspa, which utilizes a DAG model to facilitate faster and more efficient transactions compared to traditional blockchain systems. By allowing for offline processing, Kaspa aims to enhance the overall performance and scalability of its network, addressing common bottlenecks experienced in real-time transaction environments.
Sutton’s expertise and ongoing contributions to the development of Kaspa reflect the project’s commitment to advancing distributed ledger technology. His clarification on offline processing not only highlights the innovative approach taken by the Kaspa team but also underscores the potential for improved synchronization and operational efficiency within decentralized systems.
For those interested in staying up-to-date with the latest developments in Kaspa and its community, be sure to visit Kaspanews.net, the premier source for news and resources related to the Kaspa project.
