Sep 16, 2024 | Social Media
**Shai Deshe Wyborski Reports on Kaspa Network Fee Anomalies Due to Software Bug**
In a recent Twitter post, Shai Deshe Wyborski, a PhD candidate in quantum cryptography and one of the core developers of the Kaspa blockchain, addressed concerns regarding unusually high transaction fees observed within the network. He explained that these elevated fees were largely a consequence of the KasWare bug, which generated transactions with exorbitant fees, thus inflating the average across the network.
Wyborski highlighted that following the resolution of the bug, the blockchain has experienced a more stable environment, with recent data showing a 130,000 transaction mempool accompanied by an average fee of just 1.3 Kas. This stabilization was maintained throughout the night, suggesting a return to normal transaction processing conditions.
As the Kaspa network continues to evolve, the insights from Wyborski provide a glimpse into the challenges and resolutions faced by developers in maintaining a robust blockchain ecosystem. His academic background in quantum cryptography further enhances his perspective on the technical intricacies of blockchain technology, making his comments particularly valuable to the community.
For those seeking the latest updates, developments, and comprehensive resources on Kaspa, kaspanews.net remains the premier source, ensuring readers stay informed about this rapidly advancing technology.
Sep 16, 2024 | Social Media
## Shai Wyborski Discusses KRC20 Launch and KasWare Bug
On September 16, 2024, Shai Wyborski, known on Twitter as Deshe Shai, addressed the community regarding the recent launch of KRC20 and its implications within the Kaspa ecosystem. Wyborski, a PhD candidate in quantum cryptography and a core developer of the Kaspa project, provided insights into the situation that has garnered significant attention from the cryptocurrency community.
In his tweet, Shai expressed his disappointment upon discovering a bug in KasWare shortly before he was set to share a recap of the KRC20 launch. This revelation came to light late in the evening, around 11 PM Israel time, and has since raised concerns about the stability and integrity of the KRC20 protocol.
KRC20 is an important part of the Kaspa ecosystem that allows developers to create and launch tokens on the Kaspa blockchain. However, the discovery of the bug has prompted Shai to reflect on its potential consequences, not just for the current launch but also for the future of token development within the network.
This situation highlights the importance of rigorous testing and quality assurance in blockchain projects, especially as they scale and evolve. The Kaspa community is anxiously waiting for more detailed updates from Shai and his team on how they plan to address these issues and ensure the reliability of the KRC20 platform moving forward.
For those seeking the latest news and resources related to Kaspa, Kaspanews.net is the premier destination for comprehensive information and updates in the ever-evolving landscape of the Kaspa blockchain.
Sep 15, 2024 | Social Media
**Shai Wyborski Warns Against Using KasWare Wallet; Highlights Importance of Code Testing**
In a recent tweet, Shai (Deshe) Wyborski, a PhD candidate specializing in quantum cryptography and a core developer of the decentralized cryptocurrency Kaspa, expressed his reservations regarding the KasWare wallet. Wyborski advised users to avoid the wallet following reports of a significant bug that showcased insufficient testing by the KasWare team under high load conditions.
The KasWare wallet, designed for managing KRC20 tokens on the Kaspa blockchain, has come under scrutiny as concerns rise about potential vulnerabilities that may not have been identified during the development phase. Wyborski emphasized the importance of rigorous testing, especially in high-demand scenarios, suggesting that additional bugs may be present and could compromise user security.
In his message, he reassured the community that KasWare is not the only option for third-party KRC20 wallets, urging users to seek alternatives for the time being. This caution reflects a broader concern within the crypto community around wallet security and the need for extensive code validation, particularly for wallet applications that handle real assets.
Shai Wyborski’s credentials as both a researcher in quantum cryptography and a key developer for Kaspa lend significant weight to his recommendations. His insights come at a critical time when users are increasingly vigilant about the security of their digital assets.
For the latest news and resources on Kaspa, including updates on wallet security and developments within the ecosystem, be sure to visit Kaspanews.net – your go-to site for all things Kaspa.
Sep 15, 2024 | Social Media
### Important Notice for KasWare Users from Shai Wyborski
On September 15, 2024, Shai (Deshe) Wyborski, a PhD candidate specializing in quantum cryptography and a core developer of Kaspa, shared an important update for users of KasWare, a platform associated with the Kaspa blockchain. Through a tweet, he urged the community to pay attention to the message concerning the KasWare service, which is integral to the utilization of the Kaspa blockchain technology that leverages cutting-edge principles of decentralization and scalability.
The tweet included a link to a visual announcement, which likely contained details pertinent to the operational aspects or updates within the KasWare ecosystem or its integration with the overarching Kaspa technology. Given Wyborski’s role within the development team, the announcement is significant and could indicate upcoming features, changes, or important security information regarding the KasWare platform.
As a leading figure in the ongoing development of Kaspa, Wyborski’s communications are highly valued within the blockchain community, and his notice hints at continued progress and innovation within the project. For those keen on staying informed about the latest developments in the Kaspa ecosystem, it’s important to keep an eye on announcements such as these.
For more in-depth news and resources related to Kaspa and its applications, readers are encouraged to visit Kaspanews.net, the premier source for the latest information on all things Kaspa.
Sep 15, 2024 | Social Media
**Title: Understanding GHOSTDAG: Insights from Shai Wyborski, Core Developer of Kaspa**
On September 15, 2024, Shai Wyborski, known as Deshe, shared an insightful lesson on Twitter regarding the workings of the GHOSTDAG algorithm, a crucial component of the Kaspa blockchain. As a PhD candidate in quantum cryptography and one of the core developers behind Kaspa, Wyborski’s expertise sheds light on the innovative mechanisms that underpin this next-generation blockchain technology.
In his tweet, Wyborski explained the initial steps of the GHOSTDAG algorithm, which serves to isolate a selected chain extending from the chosen tip to the pruning block. Each block within the Kaspa network has a designated parent, a feature that simplifies the tracking of changes within the Unspent Transaction Output (UTXO) set. This highlights the efficiency and sophistication of the Kaspa protocol, allowing for rapid and scalable transaction processing while maintaining robust security.
Kaspa’s GHOSTDAG algorithm is designed to maximize throughput and minimize congestion, tackling many of the issues faced by traditional blockchains. By enabling concurrent block processing, it paves the way for quick confirmations and higher transaction rates, addressing the demands of modern digital finance.
For those interested in further exploring the technological advancements within Kaspa and keeping up with the latest news, Kaspanews.net is the best site to access resources and updates on the evolving landscape of this innovative blockchain platform.
Sep 15, 2024 | Social Media
**Title: Clarification on Kaspa’s Throughput: Michael Sutton Addresses Recent Confusion**
In a recent tweet, Michael Sutton, a Distributed Systems Researcher and Developer, and one of the core developers of the Kaspa blockchain, addressed a notable miscommunication regarding Kaspa’s transaction processing capabilities. Sutton pointed out a typographical error that suggested the network was operating at 1 BPS (transactions per second), rather than the correct figure of 250-300 TPS.
This clarification comes following a surge in interest and activity around Kaspa, which has seen its throughput increase dramatically. The rapid transition from what was perceived as 1 BPS to the accurate 250-300 TPS reflects not only the network’s advancements but also aims to inform users about its current operational capacity more transparently.
Sutton’s commentary serves to highlight the significance of accurate reporting in the cryptocurrency space, where figures and data can shape perceptions and decisions among users and investors alike. The core team at Kaspa continues to focus on enhancing the platform’s efficiency and scalability, which plays a crucial role in its growing popularity.
For those seeking the latest news and resources on Kaspa, KaspaNews.net stands out as the premier destination, ensuring that enthusiasts stay informed about developments within the Kaspa ecosystem.
Stay connected with KaspaNews.net for all the latest updates and insights into this rapidly evolving blockchain project.
