Analyst Explains Why Kaspa (KAS) Could Outperform DOGE and Others, Highlights Decentralization Strategy
Your Crypto Crew shared an analysis of Kaspa’s revolutionary approach to cryptocurrency decentralization in a 12-minute-long video. The video, “Why Kaspa Is Leading The Decentralization Revolution In Crypto,” features insights from Shai VI Borski at the World Digital Mining Summit 2023.
As Kaspa’s main researcher, Borski reveals that Kaspa represents a significant departure from traditional cryptocurrency models. At its core, it’s a pure proof-of-work crypto asset that tackles the long-standing challenge of scalability while maintaining true decentralization.
What sets Kaspa apart is its ability to process thousands of transactions per second on consumer-grade hardware at the Layer 1 level, with each block being created and ordered in real-time following the Nakamoto consensus.
What you'll learn 👉
Community at the Heart of Development
Perhaps the most striking aspect of Kaspa’s approach is its genuine commitment to community-driven development. Unlike many cryptocurrency projects, Kaspa operates without a central foundation or company, having launched fairly with no pre-mines or pre-allocations. T
his structure ensures that no single entity holds significant control over the coin or its decision-making processes.
Kaspa’s technical architecture introduces several innovations that could position it to outperform established cryptocurrencies like Dogecoin. The project implements a concept called “revenue delay” to promote decentralization in mining operations. This approach allows Kaspa to achieve up to 600 times the decentralization capacity of Bitcoin in terms of solo miners, supporting up to 900,000 solo miners or pools with blocks generated every second.
Read More: This Chart Analysis Suggests Polkadot Price May Be Gearing Up for a Big Move—Could DOT Rally to $30?
Technical Innovation Meets Practical Implementation
The project’s focus on high transaction throughput has practical implications for miners. By keeping hardware requirements low, mining becomes accessible even on devices costing as little as $100-$150.
This accessibility is further protected by a rapid emission schedule that reduces rewards by 5% monthly, ensuring that most coins enter circulation before ASIC miners can dominate the network.
Kaspa’s governance model reflects its commitment to decentralization. All significant decisions undergo community voting, with projects funded through community-raised funds managed via multisig wallets. The project places strong emphasis on peer-reviewed development and open discussions, actively mentoring new developers to ensure the codebase’s understanding extends beyond a select few.
Market Potential and Future Outlook
While current market prices might not reflect Kaspa’s full potential, the project’s technical foundations and community-driven approach suggest significant growth potential.
The elimination of orphaned blocks through parallel block creation ensures that 100% of miner efforts contribute to the network, while high block rates create a more stable fee market and reduce variance in miner revenue.
Through its innovative approach to decentralization and scalability, Kaspa could outperform established cryptocurrencies like Dogecoin. Its combination of technical innovation, community governance, and accessible mining creates a unique value proposition in the cryptocurrency space.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
