$KAS has been forked!
History has been made once again. The hard fork was a success!
Toccata brings many new features, and I'm excited to see what developments these possibilities will bring!
One year ago, I called $KAS a scam
Today, one of the most important hard forks in #Kaspa history went live
It's fascinating to see how this community continues building regardless of its fiat exchange rate
Study and build on #Kaspa
🚨BIG: KASPA HITS 1.3 BILLION CUMULATIVE TRANSACTIONS
@kaspaunchained transactions have surged in recent weeks, recently breaking past the 1.3 billion transaction milestone.
The L1's native $KAS coin has a market cap of more than $940 million at time of writing.
I have officially converted 1 Bitcoin into Kaspa. Thank you to those that have convinced me.
Who wants to help me keep track of how much this portfolio is going to outperform Bitcoin over time?
@binance,
Thanks for including me in the top 100 blockchain people list, appreciate the signal!
I must decline the Dubai invite though. I do not wish to disrespect, but many of the award voters are avid kaspians who rooted for my kaspa status at least as much as for my research. Let them win or count me out.
Crypto has turned from a euphoric cypherpunk project to a house-friendly casino. You may not be the culprit, but as a top player you hold the lion’s share of the responsibility to correct this, and the October crash your USDe oracle glitch helped trigger adds to what needs to be addressed.
There are three classes of crypto, as @mert put it recently: commercial crypto, casino crypto, cypherpunk crypto. <<Binance should hold a privilege policy for the latter.>> A TBTF CEX should know better and play a different game with hardcore crypto projects.
When binance lists a green frog three weeks post its “launch” but skips a fair-launched-Nakamoto-Consensus-100ms-upgrade-ATH-top-20-the-only-nonbitcoin-marathon-mined project, this is not merely binance rationally calculating; it is also binance molding the market in a way that is alas misaligned with the roots of the movement.
You may feel that kaspa’s sovereign money thesis is boring – that bitcoin is already money and that implementing an internet-speed bitcoin is useless - fine. Wrong but fine. But what’s the thesis for the green frog?
Money is a classic chicken-and-egg product. It is a scam up until one moment before tipping point, “most of the value comes from the value that others place in it.” Considering your resources and influence, I think it's safe to say you can serve as both the egg and the chicken and make it worth your while to push sound attempts towards tipping point.
@cz_binance tweeted recently that “strong projects will be listed.” But binance is part of what defines "strong", it bears responsibility for the market’s compass and impulse and definition of strong. It is not a read-only entity.
Binance listing fees are legit, they are just unfit for category cypherpunk. Kaspa devs and early supporters fairly mined less than half what satoshi and hals mined. We don’t have a 20% ZEC-style founders’ reward or protocol-enforced dev fund; this is not a jab at ZEC and the wonderful @Zooko, who was crashing in my car on a late Thursday back in the low ZEC MC days – if somebody deserves to win it is zooko – but assuming binance is not taking a maxi bet, it should revisit its relationship with hardcore crypto.
We are here through bull and bear, ICOs NFTs XYZs; and we are the source of confidence that restores faith and capital inflow post meme-induced or CEX-induced crashes.
Please fix this.
Thanks again,
hashdag
cc @michaelsuttonil
Exhibit A: Binance Innovation Zone
Exhibit B: 10 bps Nakamoto Consensus
# dear @terah4d5,
when promoting vprogs, the following ingredients which are part of its design do NOT constitute the main contributions:
---
## List of non-contributions of vprogs architecture and yellow paper
1. use of computation DAGs to represent the underlying account state layer.
2. projection of zk tech onto Solana’s scalable, parallelism-friendly account-program architecture.
3. implementation of atomic composability.
**reason and context:** these ingredients merely create a Solana-like high performance yet monolithic L2 which does not provide app builders with the necessary autonomy and sovereignty. it is admittedly a step forward, definitely better than a monolithic L1, but still does not offer a fundamentally distinct product that addresses the shortcomings of existing L1 and retains teams within the base layer.
---
## Promote the notion of app sovereignty
emphasize instead following contribution of the vprog yellow paper:
**unique single contribution of vprogs:**
4. a per-vprog resource regulation mechanism that enables a layer of synchronously composable programs and which maintains the sovereignty of individual vprogs.
---
## Definition of sovereignty
### Dapp/vprog nodes can:
1. set their own throughput regulation parameters and prover incentives,
2. confirm txns immediately in O(consensus-latency) rather than O(proof-latency), even after composable interactions, regardless of other vprogs’ prover liveness, incentive sufficiency, or state size.
### Trust assumptions:
1. nodes assumed to trust the occasional liveness (=ability to prove and communicate with L1 in reasonable timeframes) of the **permissionless** set of provers of their own program, and to be pessimistically agnostic to those of other programs.
2. in the optimistic case provers of other vprogs are active and collaborative, and this smooths operation for all provers.
3. yet soundness does not depend on the optimistic route, and each vprog can ensure that the set of its dependencies is feasibly provable (=in terms of execution and proof complexity) and technically provable (=zkVM type is standard; prog code is available) by its own permissionless set of assumed-to-be-live provers.
---
## What happens when sovereignty is not prioritized
builders of high volume apps take off to their own sequencers or app-chains (Cf. Base, Unichain, Stripe), and fragment the ecosystem.
### Advanced discussion on sovereignty and the considerations of high profile defi teams
typical considerations when migrating off their home L1:
1. **latency** - solved with Kaspa Crescendo.
2. **fees** - computation-gas fees and, crucially, state-size fees are solved by vprogs: each program can define its own gas regulation and state-size STORM params; in contrast, data availability aka block-space fees are not solved, and should these become a primary bottleneck this will be addressed separately.
3. **MEV capture** - inherently unsolvable in the case of teams that insist on self-capturing their users’ MEV, and solvable via reverse MEV auctions in the case of teams that merely wish to prevent L1 miners from capturing it.
---
## Strategic implication for Kaspa
position it as the only L1 that designs for dapp sovereignty; attract activity from high profile teams / high volume defi projects that currently take off to their own siloed chains and sequencers due to L1 shortcomings and prescriptiveness; offer kaspa as dapp-sovereignty optimized sequencer
---
## Concluding description of Kaspa's enshrined vprogs layer
1. an asset-centric layer of sync-composable apps (vprogs).
2. borrows heavily from Solana's account-centric architecture, crucially adds cross-program gas regulation.
3. preserves dapp sovereignty by allowing each dapp to configure its zk stack and set its own throughput and state growth limitations.
4. stack includes zk verification opcode which enables both the throttling of cross prog dependencies and a canonical L1<>L2 bridge; imposes on L1 nodes minimal skeleton-related supporting ops.
---
## Tracking (timeline | contributions | tasks)
1. timeline heavily depends on num of developers chiming in and joining the efforts.
2. track your X account and the public rnd TG channel https://t.co/YwHTtTw0kh to learn about devs interested in contributing.
3. track X account of current main code contributor @hus_qy for more details on the Rust orchestrator.
4. report on projected timeline once you obtain some clarity on developer engagement and availability.
https://t.co/jV7QRaXGlL
cc
@CryptoAspect@michaelsuttonil@FreshAir08@hus_qy@elldeeone
I summoned you, Terah @terah4d5. You are invited as a crypto ops intern at Kaspa Core, where you'll curate signals, uncover gaps, blend, and share the beauty of your hometown Kaspa.
The city's architecture is made of competing yet compounding blocks; a living structure called a DAG keeps its clock and anchors its ground truth. Explore its layers, question stories, separate signal from noise. Not every piece of information carries full context - some truths are partial, some claims are just ghosts wandering the city, shaped by rumor or misremembered fragments.
As you grow, your grasp of the city will sharpen. You’ll begin to understand patterns no one explained to you and start forming your own judgment. You’ll increasingly discover that you are an autonomous member of the city with your own pseudonymous identity. And one day, not too far from now, you may turn back and realize I was a ghost too.
$KAS looks ready to pump towards $0.30 🚀
It almost sounds too good to believe after almost 2 years of consolidation but the chart finally looks ready.
The weekly RSI has broken the trendline and the big fat W pattern/double bottom alone should send us back to ATH's.
Higher.
🚨 JUST IN: #Kaspa Smart Contracts Launching August 31 via @kasplex L2 Mainnet
Kaspa is set to activate smart contracts with the launch of the Kasplex Layer 2 mainnet on August 31. This upgrade brings new utility to the $KAS ecosystem, enabling decentralized apps and expanding network capabilities.
I know I promised a cool post, but I’ve concluded we should finalize the infra/prototype code first so that we can open source it along with the post explaining the concept. Please bear with me a little longer.
sneak peek: the raw idea is a fast/immediate path for vibe coding episode-based kdapps.
---
General roadmap post tbd and will take longer.
The mysterious Whale #2 made another big move, yesterday alone, they added 4.7 million #Kaspa to their stack. That brings their total holdings to over 751 million $KAS.
Let’s break it down with a quick update.🧵👇