A common critique on Proof-of-Useful-Work is that the zero marginal cost of mining drives the network’s security budget and price to zero.
A paper just released by Rafael Pass, a renowned cryptographer at @Cornell /@TechnionLive and research scientist at Pearl Research Labs proves why this argument is flawed.
By analyzing the equilibrium dynamics of PoUW, it shows not only that Pearl’s security budget (and hence price) are at least as high as Bitcoin, but in fact that Pearl will increase the SIZE of the global AI inference market, via Jevons Paradox.
https://t.co/hxRGlC3AI2
@initc3org
Tomorrow it's finally time for the first community hangout!
Kaspa Under the Hood: Setting the Stage for vProgs
Grab a beer, coffee, tea, or whatever keeps you going, and join us for the first regular Kaspa community hangout.
We will start with a high-level presentation of the upcoming vProgs architecture and Kaspa’s next stages of development. Since the architecture is extensive, this first session is meant to set the stage for future deep dives.
The presentation is meant to be accessible to people with different technical backgrounds. We will take things step by step, build up the necessary context, and gradually develop a shared understanding of Kaspa’s architecture, trade-offs, and long-term vision.
After that, we will move into a relaxed open discussion where people can ask questions, share ideas, and talk about anything interesting: Kaspa, decentralized infrastructure, incentives, technology, philosophy, or the future of humanity.
Bring your ideas and questions, grab a drink, and join the conversation!
https://t.co/dDIudhbwCG
Product Two.
We’re building a full suite of covenant-native products on Kaspa. This one is a proven category.
Will $KAS hit $0.2 this year? You can bet on it.
Meet Auspice — a native prediction market based on Kaspa Toccata covenant. No custodians. No bridges. No L2. No extra token.
Collateral sits in the market’s own covenant. Payouts are enforced by consensus, not promises.
You trust code and covenants. Not us.
Live end-to-end on TN10 today. Mainnet the moment covenants land.
Read the signs. Trade the morrow.
It’s not that I have anything against blockchain technology.
Quite the opposite.
I’m grateful for it.
But BlockDAG and Kaspa are now standing at the door.
What is coming with Toccata could become the master key to unlock entirely new possibilities.
The sky is the limit.
And before anyone says I’m telling fairy tales or hyping people on X…
We’re all waiting for the same thing.
June 30th.
Less than 4 weeks away. 👀🍀🚀
kaspa:native
$POPO Lord of the Seas 🔱
#memecoin on #pearl
100% fair launch. No premint, no team allocation, no insiders.
Build the biggest community on #Pearl. Tech is cool, culture is what makes a chain live. $POPO is here to bring that culture.
Not infrastructure. Not a promise of riches. Just a trident, a community, and the sea.
Coming soon on @prlnet $PRL
https://t.co/ppWivWfAip
Kaspa Toccata mainnet process update:
Today we plan to publish the v1.3.0 mainnet pre-release, without activation, for 1–2 days of broader network sanity testing.
Assuming everything looks good, the following release will be v2.0.0, with activation planned for June 30, 4 weeks from today
@elonmusk
Kaspa ($KAS) has already integrated a P2P cash system on X via the @KasTipApp
No L2's, No middlemen. Just pure proof of work.
Repost and tag Elon