Kaspa Achieves Visa-Like Transaction Speeds While Maintaining Decentralization, Analyst Shares How KAS Does It
In a major development, the proof-of-work cryptocurrency Kaspa (KAS) has successfully tested 10 block-per-second transaction speeds on its testnet, according to a tweet by notable crypto analyst Cryptographur.
This speed puts Kaspa on par with Visa’s transaction capacity. However, unlike Visa, Kaspa remains a fully decentralized, permissionless cryptocurrency with no centralized control.
Kaspa achieves this speed while maintaining Bitcoin-like security guarantees through its innovative proof-of-work algorithm. This sets it apart from many other fast but more centralized cryptocurrencies.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +As Cryptographur notes, Kaspa’s decentralized and trustless nature provides important benefits over centralized payment networks:
- No single entity controls transactions or can alter the protocol rules.
- Users need not trust any intermediary to validate transactions.
- Resistant to censorship and manipulation
At the same time, Kaspa provides the transaction speeds necessary for global payments and remittances.
Upcoming goals for the Kaspa developers include implementing smart contracts and introducing MEV (miner extractable value) resistance. This will pave the way for additional functionality, like stablecoins.
Overall, Kaspa represents an exciting development: a decentralized cryptocurrency with the scalability required for real-world adoption. With testnet results exceeding expectations, hopes are high for the mainnet launch of 10 block-per-second speeds. This could position Kaspa as one of the leading contenders to power Web3 payments and financial applications.
You may also be interested in:
- Why Is The Crypto Market Up Today?
- Analyst Says SEI Is Breaking Out, Shares Critical Make Or Break Levels
- The 4 Best Crypto Tokens To Invest In January 2024: Avalanche (AVAX), Meme Kombat (MK), Sponge V2 (SPONGE), and Bitcoin Minetrix (BTCMTX)
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.
