Sorry guys for the double post but WTF KASPA?! I did a few minutes of curious digging just to see wtf it is and apparently it has been around since 2011-2012??? That’s right around the time the shitcoins LTC and XRP were launched??? And it gets crazier. Apparently the founders of Kaspa were early Bitcoin OGs who researched ways to scale the protocol…like I’m talking 2013. I’m in the Bitcoin class of 2022 so I feel like if they were around in 2013 posting on https://t.co/FhlVQZtTng maybe it’s worth looking into??? My mind is absolutely blown right now because I thought it was a fly by night pre mined shitcoin but apparently in 2013 they proposed this thing called the GHOST rule (greedy heaviest observed subtree) instead of Bitcoin’s longest chain rule and it would’ve helped Bitcoin have faster block times if implemented? But the community wasn’t willing to implement it so as the years went by the founder was presenting his updated ideas at scaling Bitcoin conference in Hong Kong in 2015 and apparently @adam3us was in the audience taking notes? So from what I can tell the timeline of research papers that were peer reviewed by the community goes like this. “Accelerating Bitcoin’s Transaction Processing. Fast Money Grows on Trees, Not Chains” (GHOST rule) -> Inclusive Blockchains -> SPECTRE -> and currently Phantom GHOSTDAG which is what $KAS is now?? I’m so confused can somebody please fact check me on all this new information?? And this whole line of work which lead to Kaspa is for proof of work? I don’t know what to think anymore about Kaspa. Oh and here’s the link to the https://t.co/FhlVQZtTng discussion in 2013 where even Peter freaking Todd was impressed??? Holy shit guys https://t.co/G39QzynVYZ
I’m mildly intrigued now to dig further into Kaspa origins over the last decade and a half.
Thoughts guys?
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Right now is the most divided timeline I've ever seen
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After spending 3 years researching @KaspaCurrency I am 100% convinced that Kaspa's founder, Yonatan Sompolinsky, is Bitcoin's anonymous founder Satoshi Nakamoto
A 🧵👇
$BTC $KAS
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- **BlockDAG Architecture**: Unlike traditional blockchains, Kaspa uses a Block Directed Acyclic Graph, allowing for the simultaneous creation and validation of multiple blocks, enhancing speed and efficiency.
- **High Transaction Throughput**: Kaspa offers incredibly fast transaction speeds with the capability to process multiple blocks per second, aiming for even higher rates like 100 blocks per second in the future.
- **Scalability and Speed**: It addresses the blockchain trilemma by being scalable, secure, and decentralized. This means it can handle more transactions per second without sacrificing security or decentralization.
- **Proof-of-Work (PoW) Security**: Kaspa maintains the security benefits of PoW, ensuring that the network remains decentralized and resistant to attacks, while being more energy-efficient through its kHeavyHash algorithm.
- **Fair Launch**: No pre-mine, no ICO, no pre-sales, and no coin allocations, ensuring a fair distribution to all participants from the start, adhering to a pure Nakamoto ethos.
- **Instant Confirmation**: Transactions in Kaspa are confirmed almost instantly, making it ideal for real-world applications requiring quick transaction finality.
- **Decentralized Mining**: Kaspa's structure allows for effective solo mining even with lower hash rates, promoting wider participation in the mining process.
- **Innovative Consensus Mechanism**: Uses GHOSTDAG, a scalable version of the Nakamoto consensus, which efficiently orders blocks in parallel, enhancing network security and reducing orphan blocks.
- **Future-Proofing**: With plans for smart contracts, DeFi integrations, and layer 2 solutions, Kaspa is positioned for future technological advancements in blockchain functionality.
- **Community and Open-Source**: Being a community-driven, open-source project, it fosters innovation and development from a broad base, not just a central team.
- **Energy Efficiency**: Despite being PoW, Kaspa aims to be less energy-intensive compared to other PoW networks through efficient block processing and the use of kHeavyHash.
Kaspa's blend of the following features is what makes it a paradigm shift in how blockchain networks can operate, making it quite the revolutionary player in the crypto space. Because no one else has come close to figuring this out without sacrificing key elements.
Frequently Asked Question Answered...
Sergey Ivancheglo has already left two crypto projects, this is a huge red flag... how long before he leaves $QUBIC?
Sergey Ivancheglo previously worked on two projects, $NXT and $IOTA
Both projects were huge innovations in the crypto space
$NXT was the first Proof of Stake
$IOTA was the first DAG
Ivancheglo left $NXT because he wanted to develop something better
He left $IOTA because he fell out with the team about the direction of the project
Imagine all the experience he built up while working on these projects
Compare to other crypto founders like Vitalik Buterin or Charles Hoskinson who developed projects like $ETH and $ADA
They are sticking with failed solutions because they probably earn a lot from those projects
Ivancheglo instead has challenged himself by creating 3 major crypto projects
$QUBIC is Ivancheglo's baby
He first mentioned $QUBIC in 2012
But his ideas for $QUBIC go back at least 20 years
Hardware has only recently developed to a point that makes $QUBIC possible
With $QUBIC, he has created a project where he answers to no one
He has created what he believes is the ultimate blockchain/crypto solution
He doesn't have to do things he doesn't want to do like presentations or interviews
And he is now using the power generated by $QUBIC to create true AI with Aigarth
$QUBIC is Ivancheglo's opportunity to build something that can change the world and give him a truly legendary legacy
$QUBIC and Aigarth are the projects that Ivancheglo has always been trying to build
For those reasons, it seems very unlikely that Ivancheglo will have any reason to leave $QUBIC in the future
Of course, nothing is guaranteed but it looks like Ivancheglo will be working with $QUBIC and Aigarth for a long time
#QUBIC
@CryptoReviewing Will it 100x ($400 billion market cap) from here. Likely not. BUT every cycle there are new L1s that absolutely crush it. Every cycle is also bigger than the last. $SOL hit $125B MC last cycle. IF $KAS is this cycles $SOL it could reach $200B which is still a 50x from here.
@DKaspaFren Doji candles are a pause. They represent indecision. Price is also consolidating under the 200 D simple moving average. To me it looks like $KAS is coiling for a move up to $.18. Flip that to support and it will run to ATH. Flip that to support and it probably rips HARD
@WomenBeingAwful No. We want ass shaking hoes with loud mouths who have been conditioned by tik tok to think their super regular life means they are a princess and every man only exist to cater to her needs and his aren't important.
@ShunjiDiaz@OasisRoseTrader You dont understand. Let's say Binance had 800M $ROSE. In the past they may have only kept 100M on the exchange for people. That was enough between buys and sells to stay liquid. By moving more onto the exchange Binance thinks there is going to be a run on $ROSE.