Kaspa

<p>Analyst Mikro posted a viral thread about Kaspa on his X account, formerly Twitter. He shared some <a href="https://captainaltcoin.com/analyst-spots-key-technical-formation-in-kaspas-kas-price-action/" target="_blank" rel="noopener noreferrer nofollow">interesting insights about KAS</a> and why he believes this project is a “better Bitcoin” and a true digital silver.</p>
<p>He claims that Kaspa is a groundbreaking blockchain project that aims to solve the fundamental limitations of Bitcoin. At its core, Kaspa is the world’s first blockDAG, a digital ledger that enables parallel block processing and instant transaction confirmations. This isn’t just a technical improvement; it’s a complete reimagining of how cryptocurrencies can work.</p>
<p>The project’s vision is deeply rooted in Satoshi Nakamoto’s original concept of a peer-to-peer electronic cash system. While Bitcoin has evolved into more of a digital gold and store of value, Kaspa wants to be the digital silver—more circulative and practical for everyday transactions. The name itself is telling: “Kaspa” comes from an Aramaic word meaning silver or money.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$KAS</a> – The Better Bitcoin / True Digital Silver<br><br>Kaspa is the fastest, open-source, decentralized &amp; fully scalable Layer 1 in the world.<br><br>It solves the Trilemma &amp; fulfills Satoshi's vision of a peer-to-peer electronic cash system.<br><br>Welcome to the ultimate Thread &amp; Onepager <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">… <a href="https://t.co/OtrMJOPKOg" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/OtrMJOPKOg</a></p>— mikro (@mikroweller) <a href="https://twitter.com/mikroweller/status/1862511192280862787?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 29, 2024</a>
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<p>The team behind Kaspa is nothing short of impressive. Led by Yonatan Sompolinsky, a Harvard post-doctoral researcher who co-conceived the GHOST protocol, the project brings serious academic credibility to the crypto space. Sompolinsky is actually cited in the Ethereum whitepaper, highlighting his significance in blockchain technology. The core team consists of 17 developers, along with additional marketing and business experts, all fully transparent about their identities.</p>
<p>What sets Kaspa apart is its innovative approach to blockchain technology. Unlike traditional linear blockchains, Kaspa’s blockDAG processes blocks in parallel, dramatically increasing transaction speed. Currently running at one block per second, the project has a vision of reaching 10 blocks per second on the mainnet, with an ambitious goal of 100 blocks per second and over 1000 transactions per second in the future.</p>
<p>The project’s tokenomics are equally interesting. With a market cap of $3.8 billion and a circulating supply of 25.25 billion tokens, Kaspa was fair-launched in November 2021. There were no pre-mines, no pre-sales, and no special token allocations. The emission schedule is straightforward, with supply halving once per year.</p>
<p>Kaspa is building more than just a cryptocurrency. It’s developing an entire ecosystem, including the KRC-20 token standard. While current KRC-20 tokens are mostly <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoins" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoins</a>, the project anticipates more serious ecosystem partners as native smart contracts are introduced, likely around 2025.</p>
<p>When compared to other major cryptocurrencies,<a href="https://captainaltcoin.com/is-kaspa-listing-on-binance-imminent-kas-price-eyes-range-highs/" target="_blank" rel="noopener noreferrer nofollow"> Kaspa shows potential.</a> With Bitcoin at a $1.9 billion market cap, Ethereum at $432 billion, Solana at $113 billion, and BNB at $95 billion, many see significant room for growth for Kaspa.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/polkadot-dot-price-could-rally-to-an-all-time-high-if-this-important-support-holds/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT) Price Could Rally to an All-Time High if This Important Support Holds</a></strong></em></p>
<p>The roadmap looks promising. The project is currently working on upgrading from 1 to 10 blocks per second, with plans for enhanced user experience and potential hard fork implementations in late 2024 and early 2025. Native smart contracts are on the horizon, though specific details are still emerging.</p>
<p>Ultimately, Kaspa represents an ambitious attempt to address the limitations of existing blockchain technologies while staying true to the original vision of decentralized, peer-to-peer digital currency.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-calls-kaspa-a-better-bitcoin-heres-why-kas-is-groundbreaking/" rel="noopener noreferrer nofollow">Analyst Calls Kaspa a ‘Better Bitcoin’ – Here’s Why KAS Is Groundbreaking</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Calls Kaspa a ‘Better Bitcoin’ – Here’s Why KAS Is Groundbreaking

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