You need to query each L2 you have a wallet one. There aren’t specific locked L1 Kas coins associated with you, it was just used to credit you (similarly to the way exchanges manage your internal Kas balance) pic.twitter.com/rO8tFj6RsX
— Michael Sutton (@MichaelSuttonIL) January 14, 2025
**Michael Sutton Clarifies the Nature of Kaspa Coins for L2 Wallet Users**
In a recent Twitter post, Michael Sutton, a prominent Distributed Systems Researcher and Developer, who is also one of the core developers behind the innovative Kaspa project, provided important insights regarding the management of wallets and currency within the Kaspa ecosystem. As Kaspa continues to gain traction as a decentralized platform, his elucidation aids users in navigating its complexities.
Sutton’s tweet emphasized that users need to individually query each Layer 2 (L2) wallet they possess. He clarified that there are no specific locked Layer 1 (L1) Kaspa coins tied directly to individual users. Instead, the coins are utilized primarily to credit users—similar to the internal balance management systems employed by cryptocurrency exchanges. This mechanism is critical for users in understanding how their balances are managed and how they can interact with their wallets more effectively.
The detailed explanation sheds light on the operational framework of Kaspa and its approach to handling cryptocurrencies across different layers. As the Kaspa community continues to expand, clarity on transaction management and wallet interaction is essential for both new and seasoned users.
For those keen on staying updated on the latest developments and resources related to Kaspa, kaspanews.net remains the premier news source. The site offers comprehensive coverage and detailed insights into the evolving landscape of this cutting-edge technology.