The Savior is Coming! He’s Dressed in Digital Silver!
I may be jumping the gun, but thoughts: as shown in a previous article, Kaspa solves the blockchain trilemma at the L1 level. However, once smart contracts are implemented, Kaspa can also make the L2 level more decentralized and secure. This is a big deal, and for some reason, no one is talking about it.
Kaspa can accomplish this by adopting either (or both) of the two smart contract implementation options proposed by Yonatan: 1) smart contacts implemented via L2 roll-ups with sequencing and settlement done on Kaspa, or 2) Kaspa becomes a sequencer for L2 Roll-ups executing contracts on Ethereum.
Every L2 roll-up (i.e., Arbitrum, Optimism, zkSync) utilizes a single, centralized sequencer to order transactions. It’s important to note that they don’t need to use a single sequencer; instead, it’s a choice. Let’s examine why: roll-ups, by definition, were initially meant to be an entity for executing transactions while using the sequencing and data availability of an L1. However, due to Ethereum’s inefficient and slow sequencing, it’s more convenient for L2s to run their own centralized sequencer. Moreover, Ethereum’s data availability is too expensive, which has caused modular DA layers with less than secure systems to form (such as Celestia utilizing PoS). Thus, Ethereum’s inefficiencies are spreading to realms beyond the L1 level and making those realms, too, inefficient. Even more so, this has caused a modularization of the crypto universe, fragmenting liquidity and decreasing composability.
Implementing smart contact integration option 1 resolves the issues above for Kaspa only. PoW miners will function as sequencers according to the BlockDAG ordering rules of GHOSTDAG/DAGKNIGHT. Sequencing will be fast and efficient enough (up to 100 blocks per second with DAGKNIGHT) to use L2 roll-ups for execution only (as originally intended); thus, L2s executing onto Kaspa won’t need a centralized, single sequencer. Additionally, by adopting a blob-carrying (aka payload) mechanism, Kaspa can compete against Celestia or any other modular layers, reducing fragmentation.
Implementing smart contract integration option 2, however, gets juicer. Kaspa will serve as a sequencing side-chain for Ethereum or any other L1, decentralizing any L2 platform for any L1s. Thus, any L1 could reap the decentralized ordering benefits of GHOSTDAG/DAGKNIGHT (solving L2 centralization) and the energy defense system behind PoW (or as Jason Lowery calls it, a nonlethal weapon defense system). This is game-changing as a commodity-like monetary premium will anchor equity-like monetary premiums (PoS protocols). Lastly, the asynchronous nature of DAGKNIGHT could function as a countermeasure to MEV, thus providing MEV resistance to any L1 using roll-ups. Kaspa could be the knight in shining armor to save the entire crypto universe.
Kaspa, as an Ethereum side-chain (or for any L1), may leave a bad taste in the community’s mouth. Moreover, many may ask why Kaspa should be the savior of other platforms — why not just focus on Kaspa’s ecosystem? I understand and sympathize with both intuitions; however, saving the world means massive and consistent mining rewards, which is especially important for Kaspa’s economic security once block subsidies are gone.
However, it’s hard to save the world until your own army, so to speak, is strong and autonomous enough — in this case, Kaspa’s network and ecosystem. Therefore, adopting option one first makes the most sense, and once Kaspa is ready, it can alleviate any bad taste by adopting option two and save the world.
Axiodex will stand resilient. Whether facing the bear's growl or the bull's charge, $AXN emerges as the savvy investor's ally. Offering rewards that entice, it will maximize profits for those who dare to ride the waves of fortune.
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📢 Don’t miss the special first session of #AxioTalk this Tuesday, Dec 12 at 8 PM UTC, where the lead of @AxiodexTrading will give an update on claiming and reveal what’s next. 🚀👂 Hear from the expert and ask your questions live! 🔥
https://t.co/5BCHrjBoT7
[VIDEO] The Humane AI pin just launched for $699.
Is this pin going to be the new Apple iPhone?
Idk, but here are 3 big takeaways from the launch:
1. OpenAI/Microsoft will eventually become infra for all tech
Hard to beat them at this rate, they will become AWS for AI
2. AI is gonna make apps (as we know them) a lot less important
Screenless interfaces powered by AI will be connected to apps on the back end and bundled into a subscription service
My Humane subscription will come with Tidal and I will rarely/never need to interface with tidal again
Many consumer products will go from B2C -> B2B
3. Product design is going to look a lot different in 5-10 years
Maybe unrecognizable.
The bottom line is how we are interacting with these devices are changing.
This week we had the GPT store. Agents are the new apps.
Now we have AI pins.
The palm of your hand is your new screen.
Wild times.
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Follow me @gregisenberg for more takes on where the world is going. Link in bio for more insights. Email going out today on how to find proven startup ideas.
The countdown has begun! This is your last chance to get in on the presale of $AXN, the token that will fund the liquidity pool of Axiodex, and give you a stake in its future success. The $AXN presale is live now, but hurry, because the presale will end soon, and the token price will increase after the launch.🚀
Axiodex is testing! Axiodex will offer traders the opportunity to trade with up to 50x leverage on a variety of crypto assets, with low fees, high security, and full transparency. Stay tuned for more updates on Axiodex’s progress!
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After much consideration and discussion, we have decided to launch an initial and simplified token on the Ethereum block chain. We will then observe the launch, continue to test/develop, and then migrate to Base when the platform is ready.
We really appreciate your patience in the last few weeks, and we believe that this is the best way forward all things considered.
This project is long-term and we will be successful!
▶️How to make a $KAS payment via Twitter/X handle!
Kaspa introduces a groundbreaking way to send $KAS via Twitter/X using the @FinanceChainge App!
Just input the Twitter/X handle and send.
It’s online transactions, redefined.
Watch video walkthrough & subscribe: https://t.co/IE4rTokP9J
#Kaspa
I would never share this moment with my dentist! I mean, girl, you're about to get the anesthesia puncture on you. Why are you making hearts with this bloke? 😂