Kaspa’s Capex stands at about a quarter billion dollars rn. Even with Nicehash supporting Kaspa, the amount of Nicehashable hash is about 3% of the total hashrate. So no, I’m not concerned at all about 51% attacks.
— Shai ❤️ Deshe 💜 Wybors𐤊i 💙 (大胡子) (@DesheShai) August 13, 2024
**PhD Candidate and Kaspa Developer Addresses Security Concerns Amidst Growth**
In a recent tweet, Shai Deshe Wyborski, a PhD candidate in quantum cryptography and one of the core developers of the Kaspa project, shared insightful updates regarding the platform’s financial standing and hash rate security. Deshe emphasized that Kaspa’s capital expenditures (Capex) currently sit at an impressive quarter billion dollars. This substantial funding is critical for the continued development and security of the Kaspa network.
Addressing concerns about the potential for 51% attacks—which occur when a single entity gains control of the majority of the network’s mining power—Deshe pointed out that despite the support from Nicehash, a cryptocurrency mining marketplace, the amount of Nicehashable hash power constitutes only about 3% of the total network hashrate. This low percentage significantly mitigates the risk of such attacks, leading Deshe to assert that he is not worried about this potential threat to Kaspa’s integrity.
As Kaspa continues to develop and expand, the insights from experts like Deshe are invaluable in understanding the project’s fortitude against security vulnerabilities in the increasingly competitive landscape of cryptocurrency.
For those seeking the most up-to-date information and resources related to Kaspa, kaspanews.net remains the best news site to visit.