Kaspa (KAS) is an under-the-radar project that has huge potential for growth, according to crypto investor EggSlonker. In a recent tweet, he called it a “sleeping giant”, with some other analysts believing that it will soon overtake competing layer 1 blockchain Solana.
“KAS is a SLEEPING GIANT Still no T1 Listings or Smart Contracts, and yet to experience a Bull Market. Fully Decentralized and already a Top 40 Project with Revolutionary BlockDag Technology, developed by the biggest brains in crypto If you can’t see it now, prepare to FOMO in with the normies very soon #KASPA”
Despite Limited Exposure So Far, Kaspa Shows Promise
Although Kaspa does not yet have listings on top crypto exchanges or active smart contracts, EggSlonker points out that it is already a top 40 cryptocurrency by market capitalization. This is impressive given that Kaspa has not yet experienced a bull market or widespread hype.
EggSlonker attributes Kaspa’s early success to its “revolutionary BlockDag technology” developed by top experts in the crypto industry. He argues that Kaspa is “fully decentralized” unlike many other layer 1 blockchains. Once the project gains more mainstream exposure, he expects it to see massive growth.
In another tweet, crypto analyst Fox provides more detail around why Kaspa’s technology is revolutionary:
“Kaspa’s 10BPS Testnet 11 Speed Revolution $KAS The future of BlockDAG technology just got faster and more revolutionary! Kaspa’s testnet now runs at a mind-blowing speed of 10BPS (Blocks Per Second) I can confidently say that this achievement is a game-changer for the crypto industry. Kaspa’s blazing-fast 10BPS (blocks per second) testnet speed opens doors to endless possibilities.”
By confirming transactions at high speed, Kaspa’s network will enable seamless user experiences for transferring value and running decentralized applications. Fox expects that it will drive mass adoption of blockchain technology across industries like banking and supply chain.
Faster Than Solana
Mr. Kaspa argues that speed is one area where Kaspa clearly differentiates itself from other blockchains. He points out that while proof-of-work networks like Bitcoin provide security and decentralization, they lack the scalability required for global adoption.
Kaspa aims to beat even the fastest blockchains like Solana in transactions per second:
“A common criticism of POW projects is that although they are secure and decentralized, they are not fast enough to scale. $KAS will soon be faster than $SOL. Let that sink in.”
By combining security, decentralization and speed, Kaspa seems ready to make waves in the crypto ecosystem. As more developers build on Kaspa to power the next generation of Web3 applications, its network effects and value growth could quickly catch up with its technology. For investors and builders alike, Kaspa presents an intriguing “sleeping giant” opportunity.
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