N. R. Crowningshield, Author at Kaspa https://kaspa.org/author/bubblegum_lightning/ Proof-of-Work Cryptocurrency with GHOSTDAG protocol - Maintained, with love by Community Members. Tue, 10 Oct 2023 17:48:10 +0000 en-US hourly 1 https://i0.wp.com/kaspa.org/wp-content/uploads/2023/06/cropped-Kaspa-Icon-Dark-Green-on-White.png?fit=32%2C32&ssl=1 N. R. Crowningshield, Author at Kaspa https://kaspa.org/author/bubblegum_lightning/ 32 32 205134466 Kaspium v1.0.1 Release https://kaspa.org/kaspium-v1-0-1-release/ Fri, 29 Sep 2023 14:00:51 +0000 https://kaspa.org/?p=46461 The post Kaspium v1.0.1 Release appeared first on Kaspa.

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The Kaspa Mobile Wallet

Kaspium

In crypto and likewise with Kaspa, there’s always some new innovation on the horizon. Riding this wave of continuous evolution and aiming to specifically accommodate the needs of the KAS community is Kaspium. Kaspium isn’t just any mobile wallet; it’s a sleek, modern, and intuitive wallet solution designed from the ground up to flawlessly integrate with the Kaspa network.

Kaspium has a new range of features designed to make managing your digital assets as easy as checking your email. Plus, with a name like “Kaspium v1.0.1,” you can be assured that it’s the latest and possibly the best version out there, having gone through refinements and improvements from earlier iterations. Whether you’re a novice or a crypto veteran, Kaspium promises a seamless experience, ensuring that managing your Kaspa assets is as straightforward and secure as possible. Welcome to the next chapter of Kaspa native wallets with Kaspium, now fully released and available on both iOS and Android app stores. Here’s a deep dive into its extensive feature set:

Wallet Creation and Import Options

  • New Wallet Creation: Users can set up a new wallet using a 24-word secret phrase.
  • Wallet Import: For those who already have a wallet, Kaspium provides multiple import options: 24-word and 12-word (Web Wallet/KDX)secret phrase wallets.
  • Watch-only wallets: For use with an extended public key tied to a 24-word compatible wallet.
  • Multiple Wallets: Users aren’t restricted to a single wallet. The platform supports the creation and import of multiple wallets.

Comprehensive Wallet Functionalities

  • Transactions and Details: Send and receive KAS natively on the Kaspa network. Stay informed with a detailed transaction history, UTXO views, and a list of all wallet addresses.
  • Address Utility: Users can filter to view only addresses with funds for added convenience.
  • Send and Receive: Integrated with the ‘@Contacts’ feature, users can swiftly send funds, opt for the maximum send amount, and even add local notes for reference. Quickly generate a QR code for receiving funds. This feature also supports specifying an optional amount.
  • QR Scan: For instantaneous payments, scan a Kaspa address or a Kaspa URI QR code.
  • Fiat Conversion: See your balance in any of 38 available fiat currencies.
  • Multilingual Support: Inclusive for a global audience, the wallet offers support in multiple languages.
  • Themes: Customize your visual experience with light or dark themes.
  • Security: Fortify your wallet using various measures such as PIN, biometrics, and a dedicated wallet password.
  • Auto-lock: For added security, the wallet automatically locks itself.
  • Custom Nodes: Connect to custom Kaspa nodes as per your preference.
  • Explorer Access: View address and transaction details on Kaspa Explorer, Kas.fyi, or Katnip.
  • Contact Management: Add, import, or export Kaspa addresses with the Contacts feature.
  • Compound UTXOs: Efficiently combine multiple UTXOs using this feature.
  • Address Discovery: Scan for possible undetected used addresses using the Address Discovery feature
  • Secret Phrase View: Access the 24-word secret phrase associated with your wallet anytime.
  • Kaspa URIs: For rapid transactions, utilize Kaspa URIs (Uniform Resource Identifier).

The Release

With the release of Kaspium v1.0.1, it is clear that the Kaspa network intends to offer a top-tier user experience, combining both functionality and security. Whether you’re new to the Kaspa network or a seasoned user, Kaspium ensures that managing your KAS is intuitive and secure.

The full release of Kaspium v1.0.1 is not just a tool; it’s a commitment from the community and contributors of the Kaspa network to provide you with a platform that makes managing your digital assets a breeze while ensuring they remain under lock and key. Now, you can carry your Kaspa in a dedicated mobile wallet!

Tip: Azbuky is a dedicated developer within the Kaspa community and the visionary mind behind the creation of the Kaspium mobile wallet.

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | GITHUB | N. R. Crowningshield | Bubblegum Lightning

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A Kaspa Performance Update https://kaspa.org/a-kaspa-performance-update/ Sat, 16 Sep 2023 01:32:10 +0000 https://kaspa.org/?p=46274 The post A Kaspa Performance Update appeared first on Kaspa.

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New Mempool Implementation Manages Thousands of Pending Transactions

Rusty Kaspa Mempool Update

Kaspa recently unveiled another significant advancement in the performance of their mempool, a term referring to the temporary holding space for unconfirmed transactions. The new mempool design can now manage a high-frequency 10-BPS network, even when saturated with hundreds of thousands of pending transactions.

Behind this achievement stands Michael Sutton at the helm and documenting the process on Twitter/X, joined by the Rust powerlifter Tiram_88.

Some months back, Kaspa halted its eleventh testnet, TN11. This decision was primarily made to refine everything associated with the pathways of the mempool’s operations. Before this intervention, the focus was mainly on refining their consensus validation engine. This engine, created with parallel processing in mind, was tested and proved capable of handling approximately 32 BPS. However, challenges arose when attention shifted to the mempool. Its initial design was straightforward and needed to be refined to manage heavy loads, revealing bottlenecks that hindered performance.

Mempool Bottleneck

Figure 1

This graph, Figure 1, illustrates the challenges of the previous mempool system under constant pressure. It showed significant strain when subjected to an influx of transactions more than a 10-BPS BlockDAG could efficiently manage. The system nearly halted at one point, especially between the 60 to 80-second marks, even though it was handling a mere 35,000 transactions. Two metrics stood out in this figure. The left demonstrates the operation time, while the right showcased the real-time mempool size. Both metrics reflected that the Build Block Template (BBT) and the block submission times were increasing at a high rate in correlation with the mempool size. This indicated the need for internal mempool algorithm optimization.

Optimization objectives

— The system needed to quickly build blocks, which is crucial for the network’s responsiveness.

— Once a transaction was confirmed, it needed to be removed from the mempool promptly, ensuring a smooth operational flow.

— Maintain a consistent rate at which the new, unconfirmed transactions are accepted, regardless of the mempool’s load.

Results

The mempool then underwent a transformation. Large operations were fragmented into smaller, more manageable tasks, allowing many to run concurrently. Additionally, the internal algorithms of the mempool received significant overhauls for improved efficiency.

Figure 2

Figure 3

The results of these interventions were nothing short of impressive. Michael Sutton referred to Figures 2 and 3 to underscore the improvements. In tests, they attempted to send a staggering 1.4 million transactions to a node to prove that until the mempool reaches a stable size of 600 thousand transactions. Over 600 thousand, the transaction submissions will alternate pausing and resuming to maintain. Figure 2 showed that BBT times were around 25 milliseconds, while block submissions averaged 150 milliseconds. Simultaneously, Figure 3 highlights the transaction processing speed of over 2,000 transactions every second. Most notably, these figures remained stable, even with a considerable load on the mempool, indicating that the node performed seamlessly.

The Nutshell

Kaspa’s advancements signal a more resilient, efficient, and adaptable system. It’s designed to manage a significant transactional load without compromising performance, marking a pivotal moment for Kaspa’s breakthrough technological journey.

The days of frustrating delays, throughput limitations, and lengthy transaction times are poised to be things of the past. With a keen focus on quicker transactions, the revamped system efficiently processes tasks, even amidst high transaction volumes, ensuring unparalleled reliability.

Twitter Kaspa Update

Tip: With a potential to manage thousands of transactions seamlessly, Kaspa’s 10-BPS mempool is the future of practical everyday commerce.

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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Kaspa Pool Addition — Hiveon https://kaspa.org/kaspa-pool-addition-hiveon/ Thu, 24 Aug 2023 00:54:30 +0000 https://kaspa.org/?p=46132 The post Kaspa Pool Addition — Hiveon appeared first on Kaspa.

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Hiveon Kaspa Pool
Hiveon is proud to announce the addition of a new mining pool designed explicitly for Kaspa (KAS) mining. This addition accommodates the needs of the Kaspa mining community, who are interested in exploring new mining opportunities. This Hiveon Kaspa Pool allows miners to leverage these characteristics and optimize their mining activities.

Pool Features
An affordable pool fee of only 1%
Pay Per Share Plus (PPS+) reward type
A manageable minimum payout threshold of just 50 KAS
Absence of transaction fees, covered entirely by Hiveon
Mining servers located across the globe
An automatic server selection that allows Hiveon to select the nearest server for your miners

If these compelling features have piqued your interest, you can initiate the process of setting up your Hiveon Kaspa Pool.

Hiveon OS
Create a Hiveon account here.

After establishing your account, or if you opt for anonymous usage, the next step is to create a Flight Sheet within your Hiveon OS account.

Applying this Flight Sheet to your worker(s) enables the start of mining.

Connecting to Kaspa Pool
ASIC miners enter the following addresses in your ASIC miner settings:
stratum+tcp://kas.asic.hiveon.com:4444

GPU/FPGA
kas.hiveon.com:4444 or kas.hiveon.com:8888
SSL 20443

Becoming a part of the Hiveon Kaspa Pool guarantees stable daily rewards without hidden transaction fees or extra charges. In addition, you will join a community of supportive ‘Hivers.’ Experience the pinnacle of cryptocurrency mining with Hiveon!
You can contact their customer support team at bee@hiveon.com for any questions or issues.

Tip: Hiveon OS is an operating system that helps to keep your crypto farms at their peak and monitor their info in one place.

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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Kaspa Integrated on NOWPayments https://kaspa.org/kaspa-integrated-on-nowpayments/ Fri, 18 Aug 2023 11:00:48 +0000 https://kaspa.org/?p=46034 Fully Supported by August 31st NOWCommerce with Kaspa The primary use of Kaspa and the original use case of cryptocurrency, in general, is stateless money and P2P transactions of decentralized money. The journey starts with commerce, and this is where NOWPayments comes into the picture. As a significant player in the crypto payment gateway space, NOWPayments is […]

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Fully Supported by August 31st

NOWCommerce with Kaspa

The primary use of Kaspa and the original use case of cryptocurrency, in general, is stateless money and P2P transactions of decentralized money. The journey starts with commerce, and this is where NOWPayments comes into the picture. As a significant player in the crypto payment gateway space, NOWPayments is making waves with its recent integration with Kaspa (KAS), furthering the practical use and decentralization mission.

NOWPayments

NOWPayments is a crypto payment gateway that stands out for its tailored solutions and accessibility. By integrating Kaspa, NOWPayments adds a new dimension to its offerings, fostering the broader acceptance of decentralized money.

Focusing on industries like gaming, NFT marketplaces, and e-commerce platforms, NOWPayments provides customized API solutions that seamlessly integrate crypto payments. This commitment to personalization ensures that various sectors can embrace crypto practically and realistically with the ability to fit each business model.

Integration lies at the heart of NOWPayments. With its user-friendly platform, businesses can effortlessly integrate with platforms like Shopify, accepting crypto payments as part of their regular operations. This ease of integration bridges the gap between traditional and digital currencies, embodying the original concept of stateless money.

While maintaining a solid focus on crypto payments, NOWPayments offers Fiat conversion to onboard more traditional users into the digital currency. The system’s lightning-fast speeds ensure that payments are quickly recognized on the blockchain, keeping transactions smooth and efficient.

While maintaining a solid focus on crypto payments, NOWPayments offers Fiat conversion to onboard more traditional users into the digital currency. With the integration of Kaspa, merchants can receive KAS and instantly exchange it for a stablecoin. This process allows them to enjoy the security, speed, and minimal fees of Kaspa while avoiding the potential volatility often associated with cryptocurrencies. The system’s lightning-fast speeds ensure that payments are quickly recognized on the BlockDAG and updated for both the user and the merchant, keeping transactions smooth and efficient.

This added functionality illustrates NOWPayments’ commitment to combining the innovative aspects of cryptocurrency with the stability and familiarity of traditional financial systems. It builds a bridge between two worlds, ensuring that businesses can capitalize on the unique benefits of Kaspa without having to navigate the often complex landscape of digital currency volatility. Whether you are a seasoned crypto enthusiast or a business exploring digital currencies for the first time, NOWPayments’ seamless integration of Kaspa offers an accessible and efficient solution.

Become an Affiliate get Rewarded for KAS Adoption!

NOWPayments isn’t just about providing innovative payment solutions; it’s also about building a community and incentivizing the growth of the Kaspa ecosystem. As part of this commitment, NOWPayments offers an attractive affiliate program that enables individuals and businesses to earn rewards by promoting connections between merchants and NOWPayments.

Here’s how it works:

  1. Register an Affiliate Account: By simply registering an affiliate account, you can start earning money by building ties between merchants and NOWPayments.
  2. Share an Affiliate Link: Once registered, share your unique affiliate link to engage potential partners.
  3. Earn a Percentage: Get a percentage from every transaction of your referred partners for an entire year! Specifically, the reward amount is 25% of NOWPayments’ service fee for each transaction.
  4. Spread the Word to your Favorite Merchants to Accept Kaspa!

NOWPayments

Disclaimer: The Affiliate Program extends beyond merchants. The NOWPayments links in this post are my Affiliate links for demonstration. Share your own link and use others’ to sign up, promoting Kaspa adoption!

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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Kaspa Community AMA with Guest @realKateL from ChangeNOW & NOWPayments https://kaspa.org/kaspa-community-ama-with-guest-realkatel-from-changenow-nowpayments/ Mon, 14 Aug 2023 13:06:52 +0000 https://kaspa.org/?p=46015 The post Kaspa Community AMA with Guest @realKateL from ChangeNOW & NOWPayments appeared first on Kaspa.

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Held on July 27th— Hosted by @BubblegumLtng

ChangeNOW & NOWPayments

The Kaspa Community hosted an AMA on July 27th with guest @realKateL, a partnership lead from two exciting projects: ChangeNOW and NOWPayments, each offering unique solutions for users and merchants with their latest KAS integration.

A Unique Swap Exchange

ChangeNOW is a unique exchange service and liquidity aggregator that caters to individuals and businesses. Supporting 900 cryptocurrencies across 60 blockchains enables cost-effective cross-chain swaps by sourcing the best rate from several centralized and decentralized exchanges.

Here are some key takeaways:

  • Versatility: ChangeNOW can be used by users, projects, and businesses.
  • Integration: Businesses and projects can integrate cross-chain swaps using ChangeNOW’s exchange API.
  • Ease of Use: It doesn’t require an EVM-compatible wallet or a wallet connector. Users can send funds to an address or have ChangeNOW send the exchanged funds to their wallet.
  • Speed: It’s aiming for fast confirmation times, aligned with the desire for cryptocurrencies to be used for everyday transactions.
  • Now Wallet & Tracker: The NOWWallet can integrate anything listed on ChangeNOW. At the same time, the NOWTracker is a portfolio tracker for asset performance analysis.
  • Crypto Loans: Through a partnership with Coin Rabbit, ChangeNOW offers crypto loans as an additional feature.

A New Crypto Payment Gateway

NOWPayments is a crypto payment gateway offering many tools for businesses to accept payments. Here’s what you need to know:

  • Custom Solutions: NOWPayments offers customized API solutions for gaming, NFT marketplaces, and e-commerce platforms.
  • Ease of Integration: Integrating platforms like Shopify for accepting crypto payments is effortless.
  • Fiat Conversion: While focusing on crypto payments, it also facilitates Fiat conversion to onboard more people.
  • Lightning Fast Speeds: It aims for fast payment processing, with a system that quickly recognizes payments on the blockchain and immediately updates the status for the user and the merchant.
  • Minimum Amounts: Like ChangeNOW, NOWPayments has low minimum amounts, making it accessible for various transaction sizes.

KAS & NOW

ChangeNOW and NOWPayments are both remarkable platforms, each serving a unique need within the cryptocurrency community. Change Now’s focus on a versatile and limitless exchange experience and NOWPayments’ emphasis on fast and easy payment solutions cater to many users, businesses, and developers, now bridging gaps by integrating Kaspa and expanding the KAS and NOW ecosystems.

Whether you are looking for a KAS exchange service, a business interested in accepting Kaspa payments, or simply curious about the evolving world of cryptocurrencies, these two platforms offer various services and tools that might cater to your needs.

ChangeNOW

NOWPayments

Tip: NOWPayments not only integrates seamlessly with all major eCommerce sites, it’s also flexible. Allowing merchants to accept KAS and settle in your favorite stable coin to avoid concerns of volatility.

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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The Solution to Double Spending https://kaspa.org/the-solution-to-double-spending/ Sun, 13 Aug 2023 03:52:44 +0000 https://kaspa.org/?p=46009 Kaspa Education Understanding Double Spending Double spending is the fraudulent practice of using the same digital currency in multiple transactions. It’s like paying for two things with the same physical dollar bill. In the digital world, where a currency’s presence isn’t tangible, this can become a severe issue, threatening the entire system’s trust and integrity. Parallel […]

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Kaspa Education

Understanding Double Spending

Double spending is the fraudulent practice of using the same digital currency in multiple transactions. It’s like paying for two things with the same physical dollar bill. In the digital world, where a currency’s presence isn’t tangible, this can become a severe issue, threatening the entire system’s trust and integrity.

Parallel Blocks and The Risk of Double Spending

Traditional digital currencies process transactions sequentially, like a single line at a bank. Some newer systems use parallel processing to be faster, like Kaspa, but this introduces the risk of double spending, where two transactions using the same digital coin might be simultaneously approved.

Kaspa’s Solution: GHOSTDAG Protocol and UTXOs

Kaspa addresses this challenge using the GHOSTDAG protocol and the Unspent Transaction Output (UTXO) model. Together, these technologies ensure that even when transactions are processed in parallel, each digital coin is used only once.

GHOSTDAG ensures a universally agreed-upon order for transactions. Like a rulebook that every bank teller follows so no one gets confused about the order of customers.

Transactions are sorted into “blue” (main chain) and “red” (conflicting) sets. This sorting is like a supervisor quickly resolving teller disputes.
Utilizing Kernels, Anticone, and UTXOs

In the GHOSTDAG system, blocks are grouped into “kernels” (approved) and “anticone” (not yet approved). This allows the systematic handling of conflicting transactions.

But the UTXO model adds another layer of security. In a UTXO system, users don’t have balances like a traditional bank account. Instead, they have “unspent outputs” from previous transactions. When you spend a digital coin, you’re essentially pointing to an unspent output and saying, “I’m using this now.” Once used, that output is marked as spent and cannot be used again.

By coupling the GHOSTDAG protocol with UTXOs, Kaspa ensures that once a digital coin is used in a transaction, it can’t be used again elsewhere. It’s like a vigilant cashier who ensures you hand over the dollar bill once you’ve used it, so you can’t spend it again.

The Benefits of GHOSTDAG and UTXOs

Combining GHOSTDAG’s conflict management with the UTXO model’s precision, Kaspa offers a robust solution to the problem of double spending. The system ensures quick resolution without loss or delay. It adds an additional layer of certainty that each digital coin is spent only once.

Kaspa’s GHOSTDAG protocol and the UTXO model represent a comprehensive solution to the challenge of double spending in digital currency. By innovatively merging these technologies, Kaspa has created a fast, secure digital transaction system.

This complex intersection of technology is designed to foster trust in a system otherwise prone to exploitation. Kaspa’s approach may well pave the way for broader acceptance and reliance on digital currencies, bridging the gap between conventional banking and the exciting frontier of digital finance.

Tip: Kaspa’s solution offers a cutting-edge defense against double spending, ensuring the integrity, efficiency, and security of digital transactions, paving the way for a trustworthy future in digital finance.

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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Embarking on the Unknown https://kaspa.org/embarking-on-the-unknown/ Wed, 09 Aug 2023 11:00:25 +0000 https://kaspa.org/?p=45974 Kaspa’s Relentless Pursuit of Innovation The Primordial Data Kaspa’s inception was not only a winding and intricate journey but also one marked by exploration, confusion, and experimentation. In the very beginning, even fundamental aspects such as installing and running a node or mining were bewildering. The developers had to communicate constantly through platforms like Discord, […]

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Kaspa’s Relentless Pursuit of Innovation

The Primordial Data

Kaspa’s inception was not only a winding and intricate journey but also one marked by exploration, confusion, and experimentation. In the very beginning, even fundamental aspects such as installing and running a node or mining were bewildering. The developers had to communicate constantly through platforms like Discord, explaining every step and every detail. It was raw, scrappy, and at times, chaotic.

In its early stages, Kaspa’s progress resembled a child learning to walk, faltering and unsure, with foundational software that stood on shaky ground. Few developers could grasp the complexities of this new terrain, and no ecosystem developers were willing to take the plunge. New versions of mining software were frequently updated, adding to the already unstable environment.

Early Struggles and the Drive for Innovation

The team’s primary aim was not about aiming for a high market cap or capitulating to fears; instead, it was about courageously maintaining stability amidst the chaos. And to build a network that was supposed to be unbuildable. January 2022 presented itself as an especially taxing month, with nodes struggling to manage three days’ worth of transaction data. Many fell out of sync, and some transactions failed to register on the ledger. However, this was not a significant concern, as the network’s underlying structure remained robust and verifiable, and more pressing matters were at hand.

Despite these obstacles, the developers’ unrelenting spirit fueled Kaspa’s evolution. Setbacks turned into stepping stones, as they were more than merely surviving; they were laying down a path filled with innovation and daring explorations. The struggles, breakthroughs, and exhilarating yet exhausting journey have become integral to what defines Kaspa today.

The individuals behind Kaspa understood that failures would be essential learning experiences. They confronted technological immaturity, misconceptions, and roadblocks, which instead of hindering them, fueled their creative process. This led to innovative solutions that set Kaspa apart from other digital currencies.

Kaspa started as a small, committed crew working for years to overcome the theoretical and practical challenges of creating a true Block Directed Acyclic Graph (BlockDAG) system. They fought relentlessly through the dark, stumbling upon bugs and an unending cycle of testnets, weighed down by the feeling of missing the technological train as attention shifted to proof of stake, DeFi, and NFTs.

From the very beginning, Kaspa’s genesis was born from chaos. With monetary resources dwindling, the immaturity of optical ASIC development, and a business plan teetering on failure, the decision to initiate a fair launch emerged as a desperate yet inspired attempt to keep the dream alive. The team employed at DAGlabs chose to place their trust in the core proof-of-work (PoW) community, clinging to a conviction that their ideas were far too valuable to abandon. This belief propelled them into the unknown as they embarked on daring experiments with unnamed algorithms, untethered from the constraints of existing mining technology. It was a last-ditch effort to let their creation live on, a gambit born from the chaos, and a defining moment in Kaspa’s genesis.

Embracing Chaos Amidst the Innovation

Kaspa’s continuous journey was guided by innovation, a readiness to challenge conventional wisdom, and a willingness to push boundaries. The early days on Discord were frantic, plagued by seemingly endless bugs, followed by neverending debugging and a constant need to educate and inform the community. Building something unique in the face of adversity and confusion became the team’s defining characteristic, embodying the thrilling yet demanding journey that defines Kaspa.

The shift brought about another hurdle: the need to solo mine after a hard fork to stabilize the network. A community poll decided to burn over 11 million KAS, with 40% of the community choosing this path. The commitment to this promise further solidified Kaspa’s dedication to transparent, community-driven decision-making.

Around two months later, anomalies emerged within the network, requiring immediate investigation and understanding. A detailed examination led to crafting an urgent patch, enhancing synchronization, and handling the network’s intricate structure. The positive impact of this fix led to deeper insights into the system’s architecture, albeit at the cost of superficial transaction data, saving the network and opening up more avenues for growth and innovation.

The Present and Future

Kaspa’s story is one of perseverance, creativity, and resolve. From the intention to develop ASICs to the daring decision to fair-launch, the journey was filled with uncertainty, trials, and enlightening realizations. The early days were turbulent, and the complications were not mere roadblocks but rites of passage that shaped Kaspa’s growth, laying the foundation for resilience, inventiveness, and steadfast pursuit of excellence.

Through trials and successes, Kaspa’s evolution stands as a symbol of not just success but endurance, creativity, and an unwavering commitment to a bold vision. The narrative also serves as a meaningful reminder of the scrappy and turbulent beginning, where uncertainty reigned, and every step forward was an adventure in itself. The raw energy and determination that fueled Kaspa’s early days continue to inspire its pursuit of innovation and excellence, along with embracing the unavoidable new challenges.

Tip: Kaspa’s journey may not have followed a straight line, but its enduring success is rooted in embracing its chaotic beginnings and remembering the lessons learned along the way.

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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Kaspa Crowdfund Campaign for a Tier-1 Crypto Exchange https://kaspa.org/kaspa-crowdfund-campaign-for-a-tier-1-crypto-exchange/ Sat, 29 Jul 2023 23:06:56 +0000 https://kaspa.org/?p=45943 Initiation of a Crowdfund to List KAS on a Tier-1 Exchange Tier-1 Exchange A new crowdfund has been initiated to secure a Tier-1 Exchange listing for Kaspa (KAS). The target of this campaign is to raise $30,000 USD in the form of KAS and USDT, which will be used to cover the listing fee. The window […]

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Initiation of a Crowdfund to List KAS on a Tier-1 Exchange

Tier-1 Exchange

A new crowdfund has been initiated to secure a Tier-1 Exchange listing for Kaspa (KAS). The target of this campaign is to raise $30,000 USD in the form of KAS and USDT, which will be used to cover the listing fee. The window for this fundraising effort will remain open until Wednesday, August 2nd.

Allocation of Funds

The funds gathered through this campaign are intended to fulfill the listing fee terms set by the centralized exchange (CEX). The CEX will utilize these funds, at its discretion, to carry out a comprehensive marketing campaign. Upon listing Kaspa on the exchange, this marketing campaign will be pivotal as it aims to increase Kaspa’s visibility, draw in new users (benefiting both the CEX and Kaspa), boost trading volume, and improve liquidity. Collectively, these outcomes align with the overarching mission of Kaspa — promoting widespread adoption and fostering global inclusivity.

How to Contribute

Contributions to this initiative can be made by directly donating to the Kaspa donation wallet. Regardless of size, each contribution will help bring the community closer to this collective goal.

Kaspa Donation Wallet:

kaspa:qzgranawalr2apfz2pzq7rle20gnw37u0yfqew3nsm0acsanf0mjcehzgqc5d

Kaspa block explorer:

https://explorer.kaspa.org/addresses/kaspa:qzgranawalr2apfz2pzq7rle20gnw37u0yfqew3nsm0acsanf0mjcehzgqc5d

Contributions can also be made in USDT on the BEP20, ERC20, and TRC20 networks to accommodate various asset preferences.

USDT BEP20 Donation Address:

0x9d1d251Dd2F46EF0620337941e265b3F5Bf07B96

USDT ERC20 Donation Address:

0x9d1d251Dd2F46EF0620337941e265b3F5Bf07B96

USDT trc20 Donation Address:

TAJp1PE5kM2NFcUW28mJzxnok9YrJus773

Discord Funding Pool Post:

 https://discord.com/channels/599153230659846165/957648861491515433/1134957855850627092

The Mission and Use Case

This crowdfunding campaign represents a crucial step forward for Kaspa’s use case. This listing would further extend Kaspa’s reach into global markets, providing exposure to a wide range of investors, users, developers, and cryptocurrency enthusiasts. This increased visibility could accelerate Kaspa’s adoption rate, placing it in a more advantageous position within the rapidly evolving landscape of digital assets.

Securing a spot on an additional Tier-1 exchange could serve as a potent catalyst for Kaspa, spurring its growth and increasing its acceptance on a global scale. However, realizing this ambition relies heavily on the contributions from the Kaspa community. While financial contributions are vital, and each donation is instrumental in turning this goal into reality, the support for Kaspa is not solely limited to monetary means. Participation, spreading the word, and fostering a thriving community also significantly advance Kaspa’s mission and contribute to its success.

Tip: Participants are urged to verify the addresses before initiating any transactions, as blockchain transactions are irreversible. Additionally, it is recommended not to disclose private keys or sensitive information to anyone. Safety and vigilance should always be maintained.

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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Kaspa’s Fair Launch https://kaspa.org/kaspas-fair-launch/ Tue, 25 Jul 2023 11:00:03 +0000 https://kaspa.org/?p=45929 The Nakamoto Ethos a Transparent and Inclusive Launch DAGLabs and the Birth of Kaspa Satoshi Nakamoto, the mysterious creator of Bitcoin, introduced the concept of a “fair launch” in cryptocurrency. This concept implies that everyone has an equal opportunity to participate in the creation of a new cryptocurrency from the beginning. It ensures that those who […]

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The Nakamoto Ethos a Transparent and Inclusive Launch

DAGLabs and the Birth of Kaspa

Satoshi Nakamoto, the mysterious creator of Bitcoin, introduced the concept of a “fair launch” in cryptocurrency. This concept implies that everyone has an equal opportunity to participate in the creation of a new cryptocurrency from the beginning. It ensures that those who create or support the project don’t receive any special privileges, there is no pre-sale or pre-mining of coins, and no one gets early access. To fully understand how the fair launch of Kaspa, a new cryptocurrency, took place, we need to delve into its roots, examine its founding principles, and explore how these were communicated to the public.

In 2021, DAGLabs faced hurdles due to the immaturity of optical mining hardware and insufficient funds. But their endeavors weren’t in vain, as the research and development performed under DAGLabs laid the groundwork for the inception of Kaspa, a novel proof-of-work cryptocurrency reflecting a generalized Nakamoto Consensus.

Plans of a Public Launch

The public launch of Kaspa was unveiled comprehensively, underscoring the commencement and growth of this innovative blockDAG cryptocurrency. This public disclosure was encapsulated in a Medium post by Yonatan Sompolinsky, published on September 21st, 2021. This document marked a crucial point in Kaspa’s journey, indicating a transparent dialogue with the public about planning the launch of this novel project and the beginning of its developmental journey.

Prior to this post, Sompolinsky engaged with the community on Twitter. On April 12th, 2021, he broadcasted a Tweet regarding the visual success of the Kaspa testnet. This significant event marked the beginning of the open conversation about Kaspa’s journey in the public eye.

As the dialog on Twitter sustained momentum, Kaspa started gaining attention in the larger finance domain. Investing.com, a well-known international investment news outlet, published on April 26th, 2021, announcing the official debut of Kaspa, a product of an Israeli startup. In a parallel development, Finance Magnates presented a piece on the emergence of Kaspa on the following day, underlining its prospective impact on the market.

Kaspa’s fair launch officially occurred on November 7th, 2021, without any pre-mine or pre-sale.

The Fair Launch

In a demonstration of transparency, Yonatan Sompolinsky documented the fair launch in “Kaspa Launch Plan (responding to reality).” This piece underscored the fair launch concept of Kaspa, marking a pivotal moment for cryptocurrency. He asserted the project’s independence, reiterating that it’s a community-oriented initiative. Such transparency and a community-centric approach reaffirmed the fair launch ethos of the Kaspa project.

On November 26th, 2021, Kaspa was operational and performing as designed. The success of their launch was reinforced through an announcement on BitcoinTalk, a popular cryptocurrency forum. This communication kickstarted Kaspa’s fair launch campaign, offering potential participants deeper insights into the project’s offerings and ensuring transparency.

It’s crucial to mention that throughout the Pre-Deflationary Phase (lasting six months until May 8th, 2022), Kaspa launched without a marketing team or the budget to hire one. It operated with a minimal crew of researchers, developers, and enthusiasts who relied on public announcements and social media platforms for organic growth and building a user base. The Kaspa community regularly updated about the project’s progress on various platforms, including Discord, Twitter, Telegram, GitHub, and Reddit, maintaining engagement and transparency.

True to the principles of a fair launch, there was no exclusive token distribution during Kaspa’s official launch. Everyone was simultaneously given equal access to the project, including DAGLabs and its employees, reaffirming Kaspa’s dedication to fairness.

Fair Launch = Crowdfunding

Given that Kaspa was launched fairly, there was no initial budget or centralized authority with funding reserves. As such, the community had no choice but to implement a crowdfunding model, which continues to be the bedrock of their funding infrastructure. Without significant investors or institutional backing, Kaspa relied on a system involving multi-signature wallets and treasurers elected by the community. This decentralized funding strategy empowers community members and fosters a sense of collective ownership and responsibility. This crowdfunding model enhances community governance and encourages transparent, democratic participation among its members.

Community Driven from the Beginning

Additionally, the community-controlled Kaspa decided a day before the launch to use kHeavyHash as the network’s mining algorithm. This algo was selected to prevent potential dominance by advanced hardware such as GPUs and FPGAs; the algorithm was slightly modified for CPU mining exclusively. This decision resonated with Kaspa’s commitment to a democratic and inclusive launch. Over time, GPUs and FPGAs were incorporated to further the distribution and decentralization of Kaspa, which recently began transitioning to ASIC miners.

The sequence of these events, the consistent open communication, equal coin distribution, and lack of paid marketing underline Kaspa’s dedication to a fair launch. The detailed project announcements on various public platforms solidify Kaspa’s fairness, marking it as a role model for cryptocurrency fair launches unseen since Satoshi Nakamoto’s Bitcoin. Kaspa’s approach also influenced Nexa to adopt a similar fair launch.

Tip: For more details and information on Kaspas fair launch visit: https://wiki.kaspa.org/en/faq

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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Kaspa Community Twitter Spaces -with Guest ChangeNOW https://kaspa.org/kaspa-community-twitter-spaces-with-guest-changenow/ Mon, 24 Jul 2023 19:52:34 +0000 https://kaspa.org/?p=45926 Exploring the ChangeNOW and NOWPayments KAS Integration Twitter Spaces AMA Bubblegum Lightning, from the Kaspa community, is set to host an engaging Ask Me Anything (AMA) session with Kate, from ChangeNOW, on Thursday, July 27th, at 22:00 UTC (6:00 PM EST). The discussion will focus on the recent integration of Kaspa on the ChangeNOW and NOWPayments […]

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Exploring the ChangeNOW and NOWPayments KAS Integration

Twitter Spaces AMA

Bubblegum Lightning, from the Kaspa community, is set to host an engaging Ask Me Anything (AMA) session with Kate, from ChangeNOW, on Thursday, July 27th, at 22:00 UTC (6:00 PM EST). The discussion will focus on the recent integration of Kaspa on the ChangeNOW and NOWPayments platforms and its potential implications for merchants, users, and the broader Kaspa ecosystem.

ChangeNOW

ChangeNOW is a non-custodial service that allows for simple and fast cryptocurrency exchanges while emphasizing safety, simplicity, and convenience. Notably, ChangeNOW does not store user funds or require account creation.

With nearly 700 coins available for exchange, ChangeNOW operates without any limits, allowing users to exchange as much as they want, free of account restrictions, in a seamless, worry-free process. Moreover, the service also offers a fiat option, enabling the purchase of cryptocurrency with Visa or MasterCard via a third-party partner.

NOWPayments

Established in 2019 by the team behind ChangeNOW, NOWPayments is a premier service enabling everyone to accept crypto payments on their websites, online stores, and social media accounts. As a non-custodial service, it ensures it neither holds nor stores user funds in any way. NOWPayments supports over 50 cryptocurrencies and boasts low transaction fees.

NOWPayments aims to provide a crypto payment gateway that’s easy to use and embed into existing websites. It’s a simple, easy-to-integrate service, requiring only a snippet of HTML code to accept crypto payments. Transactions are linked to your NOWPayments account, and the API key is used for specific purposes. The platform offers flexible solutions, such as accepting payments in numerous coins or converting all received crypto assets into KAS! The automatic exchange is facilitated by ChangeNOW.

For various purposes, NOWPayments provides several widgets for transactions and donations. These include donation widgets and buttons, allowing users to accept cryptocurrency for donations and fundraisers.

Lastly, NOWPayments has developed plugins for crypto payments on numerous online e-commerce providers, such as Magento 2, OpenCart, WooCommerce, WHMCS, Zen Cart, PrestaShop, Ecwid, and more. These plugins allow you to easily add a cryptocurrency payment option at your online store’s checkout!

ChangeNOW, NOWPayments, and Kaspa

Integrating Kaspa on ChangeNOW and NOWPayments promises to create a dynamic synergy. ChangeNOW brings its vast array of coins and seamless exchange process, thus enhancing liquidity and market exposure for Kaspa. Simultaneously, NOWPayments will facilitate merchants and individuals in accepting Kaspa as a form of payment, effectively promoting its adoption and utility.

Join Bubblegum Lightning and Kate, from ChangeNOW, for this insightful AMA session on July 27th. Here’s your chance to ask any questions and learn more about this significant development in the Kaspa ecosystem. See you there!

Twitter Spaces: https://twitter.com/i/spaces/1yNGaNNWpZjJj

ChangeNOW

NOWPayments

Tip: Discover how you can boost your e-commerce store by implementing crypto payments with NOWPayments.

KASPA | KASPA WIKI | MEDIUM | TELETYPE | DISCORD | TELEGRAM

TWITTER | REDDIT | GITHUB | EXPLORER | Bubblegum Lightning

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