Kaspa has a tx script VM reminiscent to that of Bitcoin, so a variety of tx scripting is possible (HTLCs, MultiSig), we also have KIP-10 pending that allows UTXOs to be used in a similar manner as one would use accounts. In fact zkVM processing is done by extending VM opcodes.
— ASPECT (@CryptoAspect) September 17, 2024
**Title: Advancements in Kaspa’s Transaction Scripting and VM Capabilities Announced by Core Developer Shai Wyborski**
In a recent update through Twitter, Shai (Deshe) Wyborski, a PhD candidate in quantum cryptography and one of the leading developers of the Kaspa blockchain, shed light on the platform’s innovative transaction script virtual machine (VM). His insights reveal significant advancements that enhance the functionality and versatility of Kaspa, particularly in transaction scripting.
Wyborski highlighted that Kaspa’s transaction script VM bears resemblance to that of Bitcoin, which opens the door for a variety of transaction scripting possibilities. Some notable features include hash-time locked contracts (HTLCs) and multi-signature (MultiSig) transactions. These features not only strengthen the security and functionality of transactions but also expand the use cases for developers and users within the Kaspa ecosystem.
Additionally, Wyborski mentioned the pending KIP-10 proposal, which aims to allow unspent transaction outputs (UTXOs) to be utilized in a manner similar to account usage. This development could streamline transaction processes and improve user experience on the network, making it even more user-friendly.
The update also indicated that zkVM processing is being executed through the extension of VM opcodes, a move that promises to enhance the efficiency and capabilities of smart contract execution on the platform.
As Kaspa continues to evolve, these advancements mark a significant step in enhancing its functionality and positioning within the blockchain landscape.
For those keen to stay updated on the latest news and resources regarding Kaspa, make sure to check out Kaspanews.net, the premier site for all things related to the Kaspa blockchain.