Kaspa: The Fastest Proof-of-Work Cryptocurrency

đź“°1 day ago2 viewsNew

Kaspa is making waves in the cryptocurrency world with its groundbreaking performance upgrades, positioning itself as a potential contender for the title of the fastest Proof-of-Work (PoW) blockDAG. Currently, Kaspa offers 1-second confirmations and 10-second finality, which is already far beyond Bitcoin's performance. But come April, Kaspa is set to scale even further with the Crescendo upgrade.


The Crescendo Upgrade: A Leap Forward


In April, Kaspa’s will see a game-changing upgrade, bringing confirmation times down to a lightning-fast 0.01 seconds, and finality to just 1 second. This means that Kaspa will process transactions 3,600 times faster than Bitcoin while maintaining the robust security of Proof-of-Work.


The Crescendo upgrade is already being tested on the Kaspa testnet, where it has successfully achieved 10 blocks per second (BPS), a record-breaking speed for a PoW chain. This is a massive milestone, pushing the limits of scalability for blockchain technology.


Performance at Scale


To put Kaspa’s performance into perspective, Bitcoin processes around 7...

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KRC20 Tokens Go Live on Kaspa: Scalability and Innovation in Action

đź“°5 months ago15 views

Kaspa's new KRC-20 token standard has officially gone live, thanks to Kasplex, marking an exciting chapter for the project. However, this token standard differs from traditional smart contracts found in Ethereum or other platforms. Instead, it resembles Bitcoin's BRC20 token structure, notably lacking smart contracts at this stage. Despite the absence of smart contracts, the KRC20 token rollout has been highly successful, with a variety of tokens already live. The most popular of these is “Nacho,” a token inspired by Shai Wyborski’s cat, which has become a fan favorite in the community.

In an interview at Token 2049 in Singapore, Shai from Kaspa emphasized the network's impressive performance, processing over 20 million transactions in just 24 hours. To put that into perspective, it would take Ethereum more than a week to handle the same volume. This achievement highlights Kaspa’s remarkable scalability and speed, making it the fastest Proof of Work Layer 1 network in existence today.

While Kaspa is focused on improving its infrastructure, the community eagerly anticipates the introduction of smart contracts in the future, p...