Jun 4, 2024 | Social Media
Shai Deshe Wyborski, a PhD candidate in quantum cryptography and core developer of Kaspa, recently shared his thoughts on the “digital silver” narrative surrounding the cryptocurrency. In a tweet, Shai expressed that he has grown out of the idea that Kaspa is simply “digital silver,” stating that it is too narrow for the vast capabilities of the network.
He went on to describe Kaspa as the ultimate Layer 1 protocol, highlighting that it can serve as a versatile platform for token deployment, sequencing, settling, and more. This shift in perspective emphasizes the multifaceted nature of Kaspa and its potential for various use cases beyond being a digital store of value.
Shai’s insights offer a new perspective on the potential of Kaspa and showcase the innovative thinking driving the development of the network. As a core developer, his vision for Kaspa’s future could shape its trajectory in the cryptocurrency space.
For all the latest news and resources on Kaspa, be sure to visit Kaspanews.net, the best source for updates on this groundbreaking cryptocurrency project.
Jun 4, 2024 | Social Media
Michael Sutton, a Distributed Systems Researcher and Developer and one of the core developers of Kaspa, recently shared his excitement on Twitter about the speed and ease of downloading, starting up, and fully syncing the Kaspa node. In his tweet, he mentioned that the whole process took approximately 45 minutes on a standard laptop with an average WiFi connection. Sutton expressed his amazement at how effortless the process was and even shared a video of the final moments of the Directed Acyclic Graph (DAG) syncing.
This achievement highlights the efficiency and user-friendly nature of Kaspa, a blockchain platform that aims to improve upon the limitations of existing cryptocurrencies such as Bitcoin. With developers like Sutton working on Kaspa, the project is well-positioned to make significant strides in the blockchain industry.
For those interested in staying up to date with the latest news and resources on Kaspa, Kaspanews.net is the go-to source for all things related to this innovative blockchain platform.
Jun 3, 2024 | Social Media
In a recent tweet, Michael Sutton, a Distributed Systems Researcher and Developer and core developer of Kaspa, discussed the mainnet hashrate switching to Rusty Kaspa, with approximately 90% of the hashrate now on this network. According to Sutton, this switch has enabled transactions with one input and two outputs to no longer be throttled, unlike in the original dust attack patch. Despite this change, Sutton assures that security is still superior on Rusty Kaspa, as demonstrated by various figures.
This development is significant for the Kaspa network, as it shows the ongoing progress and enhancements being made to improve the overall functionality and security of the platform. Users can now benefit from faster and more efficient transactions while maintaining a high level of security and integrity.
For more news and resources on Kaspa, readers are encouraged to visit Kaspanews.net, the best news site for all the latest updates and information on the Kaspa network.
Jun 3, 2024 | Social Media
In a recent tweet, Michael Sutton, a Distributed Systems Researcher and Developer and core developer of Kaspa, announced his support for implementing MEV (Maximum Extractable Value) and Oracle solutions proposed by Hashdag. The concept involves utilizing extreme high BPS (Blocks Per Second) and asynchrony, along with partial miner knowledge, to create competition (MEV) and voting systems (Oracle) between parallel miners.
This new approach aims to enhance the efficiency and fairness of blockchain transactions by introducing reverse auctions for kickback mechanisms. By leveraging advanced technologies and miner collaboration, the implementation of MEV and Oracle solutions could revolutionize the way transactions are verified and recorded on the blockchain.
Michael Sutton’s endorsement of these innovative solutions highlights the ongoing efforts within the Kaspa community to push the boundaries of blockchain technology and improve its scalability and security. As a prominent figure in the field of distributed systems, his support carries significant weight and could pave the way for further developments in the space.
For all the latest news and resources on Kaspa, be sure to visit Kaspanews.net, the premier source for information on this groundbreaking blockchain platform.
Jun 3, 2024 | Social Media
In a recent tweet, Michael Sutton, a Distributed Systems Researcher and Developer, hinted at the need to be more active in a certain activity. Sutton shared a photo with the caption “I guess I should do this more often” alongside an image that piqued the curiosity of his followers. The tweet sparked interest among followers, prompting speculation about Sutton’s future endeavors.
This tweet from Sutton is of particular interest to those following developments in the world of Kaspa, a cutting-edge blockchain platform. As one of the core developers of Kaspa, Sutton’s actions and statements often provide valuable insights into the project’s progress and future direction.
Sutton’s tweet could potentially hint at upcoming developments or initiatives within the Kaspa ecosystem, leading to heightened anticipation among supporters and investors alike.
For all the latest news and resources on Kaspa, be sure to visit Kaspanews.net, the premier source for all things related to this innovative blockchain platform.
Jun 3, 2024 | Social Media
In a recent tweet, Shai (Deshe) Wyborski, a core developer of Kaspa and a PhD candidate in quantum cryptography, shared some visualizations of KIP9 ($kas). The purpose of KIP9 is to enforce a triple-pronged tradeoff between the cost, length, and effect of a UTXO spam attack in terms of storage consumed.
The first graph in the visualizations shows the length of an attack as a function of the amount. This information is crucial for understanding the potential impact of a UTXO spam attack and how it can be mitigated through the implementation of KIP9.
Shai’s expertise in quantum cryptography and his role as a core developer of Kaspa highlight the technical knowledge and skills behind the development of this innovative cryptocurrency platform. For more news and resources on Kaspa, readers are encouraged to visit Kaspanews.net, the best news site for all the latest updates on the project.
