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.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

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:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

CaptainAltcoin
Logo