Why is Kaspa’s New Upgrade Huge for KAS Holders?

The Kaspa blockchain is preparing for an important testnet update that will significantly improve network performance. According to a message posted on X (Twitter) by a Kaspa enthusiast, the network is undergoing an internal rewrite from Golang to Rust to allow for higher transaction throughput.

This rewrite is seen as an important step for utilizing the future DAGKnight protocol as well as increasing block times on the testnet. The current plan is for testnet version 11 to launch with blocks being produced every 10 seconds, a major increase from the current 1 block per second standard.

While this may seem like a normal software update, it actually represents a major milestone for both the Kaspa project and the cryptocurrency industry overall. Being able to support 10x the transaction processing speed will demonstrate Kaspa’s capabilities as a blockchain designed for scale.

As the first BlockDAG proof-of-work Layer 1 cryptocurrency based on the Bitcoin consensus model, Kaspa aims to combine the security of Bitcoin with the fast processing of direct acyclic graph structures. This upcoming testnet update will provide an early look at how well the network can perform with its upgraded architecture.

For investors, it is an encouraging sign that development is continuing at a rapid pace. Kaspa has already delivered extraordinary returns this year, appreciating over 27,000% to reach its current price of around $0.05. If the testnet proves successful in handling 10 transactions per second, it could help attract more users and institutional backing going forward.

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Observers say it may not be too late for people to get in on Kaspa’s promising project before it sees further price increases, as big tech milestones are still ahead. The upcoming testnet update could provide clues on how soon mass adoption of the blockchain may take place.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.