Category: Kaspa

The Kaspa Industrial Initiative (Kii) has officially launched, aiming to harness Kaspa’s innovative BlockDAG technology to transform industries by improving efficiency, security, and scalability. Kii seeks to build a global network of leading companies and industry partners, promoting the adoption of Kaspa’s next-generation blockchain platform across key sectors such as finance, supply chain, energy, gaming, and public services.

Kaspa’s BlockDAG technology marks a major advancement in blockchain development, solving the blockchain trilemma by delivering scalability, security, and decentralization all at once. Its ability to create parallel blocks significantly increases transaction throughput while maintaining robust security through its proof-of-work consensus, making it ideal for large-scale industrial applications.

Kii is led by Chairman Paul van Son, a veteran in the international energy sector with over 40 years of experience, and Secretary General Bara Greplova, who brings extensive expertise in blockchain adoption and industrial use cases. Under their leadership, Kii will focus on integrating Kaspa’s technology into real-world industrial scenarios, launching support programs for startups, and advocating for favorable policies through a Global Regulatory Advisory Board.

To further expand Kaspa’s industrial applications, Kii will host the Kaspa in Enterprise Conference in Autumn 2024 in Dublin, Ireland. This event will gather leaders across various sectors to explore Kaspa’s potential in areas like asset tokenization, decentralized finance, and next-gen stablecoins.

With its cutting-edge technology and a strong leadership team, Kii is set to pave the way for a new era of industrial blockchain innovation.

On the 30th of August 2024, during the WebX Tokyo Conference, the Kaspa Japanese Ecosystem Association, KJEA organized a vibrant side event with congratulation of KEF support. About 20 participants were gathered, including the developers of AAVE, miners of Kaspa, holders, as well as those who just came to the event, which made the event rather active.

Thus, the event included the presentation of the BlockDAG technology of Kaspa and the benefits of using it instead of blockchain. In the event a formal introduction of the KJEA was made, which’s main goal is the promotion of Kaspa in Japan and the world.

Kaspa-based payment was one of the most exciting moments. It was the realization of the first Kaspa-based payment in Japan especially when the company managed to record impressive growth rates and shares increased significantly. With assistance from the venue, the implementation of the special menu was organized in such a way that the participants could pay for the meals with Kaspa, which was also a major step in further development and integration of Kaspa in the Japanese territory.

At the end of the event, representatives of the Kaspa Ecosystem Foundation went on the stage to express their gratitude to everybody and to share their enthusiasm of Kaspa development. They played a significant role of supporting through providing merchandise and enhancing the success of the event.

The event helped not only to strengthen the community but also brought the prospect of the Kaspa development in the Japanese market.

Get ready, Singapore!

The KaspaFam Meetup is landing on September 19, 2024, at the Barouv Rooftop Bar to celebrate the KRC-20 Mainnet launch.

Expect an evening packed with fun, networking, and major prizes!

What to Expect

• Date: September 19, 2024
• Time: 6:00 PM – 11:00 PM
• Venue: Scarlet Hotel, 33 Erskine Rd, Singapore

Prize Pool

• Online: 50,000 KAS + 3 KS5 Miners
• Onsite: 5,500 KAS + 1 KS5 Miner + 2 KS0 Miners

Enjoy a live DJ, free-flow cocktails, and Kasplex mini-games with awesome rewards.

Whether you’re a Kaspa pro or new to the scene, this event is your chance to celebrate and win big!

Limited spots available—Register now and join the party!

Kaspa (KAS) has now moved to third place, beating Polygon (MATIC) in terms of market capitalization. This has created a force to be reckoned with in the cryptocurrency market. Kaspa build on the blockDAG architecture owes the milestone. This renders Kaspa capable of handling a high number of transactions per second and highly scalable, in the blockchain industry.

 Kaspa’s value increases while the ecosystem is developing, with the growing adoption and activity rate behind it. Due to the decentralised nature of the cryptocurrency and the improvement in technology, it has attracted more investors and developers. On this growth trajectory, the market is firmly behind Kaspa’s ability to solve some of the scalability and efficiency issues. The platform solves the problems the other blockchain networks have faced.

At the same time, other projects in the crypto space are also progressing with it. Cosmos (ATOM) has deployed its V19 upgrade to eventually improve connectivity and expand ability. Also, the whitelist event of Qubetics is growing more and more popular. One can see that the cryptocurrency market does not remain stagnant for days.

Thus, the further successful establishment of Kaspa within the list of leading cryptocurrencies will have significant implications for the blockchain market. These blockchain networks are competitive and the new success of Kaspa may lead to further advancements of the industry.

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Kaspa (KAS), a cryptocurrency that grabbed attention as a possible next-generation blockchain, has experienced a significant price drop. The trader has warned predicting KAS could lose up to 50% of its value with the token being at its worst month.

The warning comes as a challenge for Kaspa as the token shows signs of a decline in the cryptocurrency market. The major reasons recognized are rising volatility levels, decreasing volumes of trading activities, and uncertainty in the cryptocurrency market. Traders analyze that if this continues, Kaspa can face a drastic fall and lose recent gains. This can cause investors at vulnerable to significant losses.

Kaspa gained a lot of attention in the initial phase due to its innovative approach to the blockchain. It experienced massive growth and adoption in recent months.  However, the current market is testing the resilience of the token and its community. The potential drop of 50% could discourage new investors and shatter the assurance of existing investors. This has created sinking pressure on the price.

Thus, as long as the crypto market remains indeterminate, Kaspa’s traders & investors are advised to remain alert. Also, they need to keep abreast of the latest inclinations to seek possibilities. Hence, the following weeks will be critical in understanding whether Kaspa can recover, or if other difficulties may arise.

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On the 19th of August, 2024 Kaspa made a remarkable development in its network capabilities. It announced the “Crescendo” hard-forked roadmap. Shortly after the effective implementation of Rusty Kaspa (RK) node software, the Kaspa Network rapidly adopted it.

It led to miners using RK nodes for about 97% of Kaspa blocks. It shows a rampant acceptance by the Kaspa network. The transition will be able to increase the block rate of the network from 1 to 10 blocks-per-second(BPS).

Roadmap to the hard-fork

The official Kaspa account specifies some key phases in the process of this significant change. They are mentioned below:

Launch & stabilize

Launch a testnet with the desired block rate and related network settings, and work on stabilizing it. TN11, the existing 10-BPS Kaspa testnet allowed to accomplish it. It has been operational since January 7, 2024. (Done)

Identify bottlenecks

Iteratively identify processing bottlenecks and make performance optimizations to lower the hardware specifications required for running a node. (Done)

Iterative improvement

Repeat the above until the minimal specs are affordable enough. Also, low enough to satisfy the decentralization required for the mainnet. (We are here, getting close to the convergence of this optimization loop. Approximate timeline: ~2 months from now.)

Enhanced user experience

After settling performance requirements. The team perfects the node software to the level of user experience required by mainnet operators. They address some minor problems that can be neglected in a testnet setting (~3 months from now). (Next)

Additional features

Implement any additional hardfork features and deploy them on TN11. (Target timeline: ~4–5 months from now. Some features might be excluded to fit the timeline.)

Feature freeze

Hardfork version

Implement the hardfork transitioning version

Deploy transition testnet

Deploy the transition version on TN10 (1 BPS testnet) to simulate the mainnet transition.

Mainnet deployment with hardfork transitioning activated 1–2 months later

With the unveiling of the “Crescendo” hard fork Kaspa aims to gain accelerated transaction handling. It also ensures network stability and security.

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