In a recent tweet, crypto analyst Mikro (@mikroweller) drew attention to the similarities between Bitcoin’s (BTC) early hashrate growth and that of [Kaspa (KAS)](https://captainaltcoin.com/how-kaspas-hashrate-can-position-kas-as-a-top10-crypto-this-bull-cycle/). The analyst noted that Kaspa’s hashrate is growing at a much faster rate compared to Bitcoin during its early years.
According to Mikro’s tweet, Kaspa achieved the 1 exahash per second (EH/s) milestone in just three years, while Bitcoin took seven years to reach the same level. Mikro also delved into the tokenomics of both cryptocurrencies, highlighting the differences in their halving schedules and how these could influence their future growth.
Even though the numbers are impressive on their own, the analyst further explored the tokenomics of the two cryptos. He pointed out that Kaspa follows an annual halving schedule, whereas Bitcoin’s halving occurs every four years.
$KAS Hashrate looks exactly like early $BTC Hashrate 🤯
During its early days, BTC formed the same hashrate chart structure that @KaspaCurrency is now.
The road to 1 EH/s looks almost exactly the same for both, Kaspa just did it faster.
But here is whats actually mindblowing👇… pic.twitter.com/ZxQAE3AJPP
— mikro (@mikroweller) September 7, 2024
Kaspa’s Accelerated Hashrate Growth
In his tweet, Mikro elaborated on Kaspa’s rapid progress in reaching 1 EH/s, a milestone Bitcoin only achieved in 2016 after seven years of mining. Kaspa, on the other hand, reached this level in just three years, indicating a much faster rate of development.
The analyst suggested that this accelerated timeline is intentional, emphasizing the effectiveness of Kaspa’s tokenomics.
The claim that Kaspa’s hashrate chart structure mirrors that of Bitcoin, despite reaching its milestones four times faster, adds weight to this comparison. Kaspa’s annual halving schedule, as opposed to Bitcoin’s quadrennial halving, further supports the idea that Kaspa is designed to replicate Bitcoin’s success but at a quicker pace.
Parallels Between Bitcoin and Kaspa’s Development
Mikro also pointed out several key similarities between Kaspa and Bitcoin, including both cryptocurrencies following a power law in their log chart structures. Additionally, some major Bitcoin miners have shown interest in Kaspa.
While Kaspa’s current hashrate is significantly lower than Bitcoin’s—600 times lower, according to Mikro—the analyst speculated that Kaspa’s rapid growth could be a sign of what’s to come.
The tweet also mentioned that despite Kaspa’s current market capitalization of $4 billion, the cryptocurrency might still be in its early stages. With its hashrate expected to grow exponentially, some believe that Kaspa has significant potential for growth, following a trajectory similar to Bitcoin but on a faster timeline.
Read also: Will Ripple’s XRP Make You a Millionaire? Shocking 2030 XRP Price Prediction!
A Growing Interest in Kaspa Among Miners
Mikro further noted that some of the largest Bitcoin miners have already started mining Kaspa, indicating growing confidence in the project. This observation suggests potential long-term interest in Kas”
Source: captainaltcoin.com