Kaspa Developer Completes Key Step Toward Private KAS Payments
Kaspa (@kaspaunchained) Privacy Initiative developer Olaf Weller (@WellerOlaf) says a proof of concept for shielded native $KAS has been completed on testnet TN10.
The tests demonstrated transaction ordering, zero knowledge proof execution, and proof based settlement on Kaspa Layer 1.
Next, developers plan to design private notes, commitments, nullifiers, and the zero knowledge proof rules for shielded payments.
Weller stressed that the system has not been independently audited and is not yet a finished privacy protocol.
A KASPA ETP IS AVAILABLE ON SWEDEN'S SPOTLIGHT STOCK MARKET
Valour offers it, and investors can buy it through Avanza, Nordnet, Montrose and SAVR. An ETP is an exchange-traded product that tracks an asset's price.
Valour is owned by Nasdaq-listed DeFi Technologies.
$KAS
Kaspa Privacy Initiative โ From ZK Proofs to Real KAS Payments! ๐๐
This is getting really exciting!
Just days ago, we celebrated generating our first complete zero-knowledge execution proof using a rented GPU.
Now we've taken the next step.
We've successfully completed a full private payment test on Kaspa TN10!
And this time, real test-KAS moved on-chain.
โ Alice started with 10 private test-KAS
โ She privately sent 4 KAS to Bob, keeping 6 in change
โ Four ZK proofs generated on GPU and independently verified
โ All four TN10 settlements accepted
โ Bob actually received 4 test-KAS!
We also confirmed that invalid payments and attempts to spend funds twice are rejected.
We're moving beyond proving individual components to making them work together on Kaspa.
And that's pretty exciting! ๐
kaspa:native just out-built solana:So11111111111111111111111111111111111111112.
JP Morgan just helped shape a settlement tool for the banks to use blockchain.
solana:So11111111111111111111111111111111111111112 built it first. @KaspaKii rebuilt it and made it safer with kaspa:native Covenants, a feature which means nobody can pull their money mid-trade.
Itโs early, and nobodyโs noticed yet.
Full breakdown video link in the replies below๐โฌ๏ธ
@SuperDutyPT@luke_coval Elmer Fudding the project won't do much either. Kaspa is a baby taking its first steps and people have ZERO patience, whales are continuing to scoop up and small accounts are crying ๐ข