Analyst Calls Kaspa a ‘Better Bitcoin’ – Here’s Why KAS Is Groundbreaking

Analyst Mikro posted a viral thread about Kaspa on his X account, formerly Twitter. He shared some interesting insights about KAS and why he believes this project is a “better Bitcoin” and a true digital silver.

Analyst Mikro recently shared his thoughts on Kaspa (KAS) in a viral X (formerly Twitter) thread. He highlighted several aspects that make Kaspa a groundbreaking project, earning it the moniker "better Bitcoin" and positioning it as the true digital silver.

According to Mikro's analysis, Kaspa is the world's first blockDAG, a technological marvel that allows for parallel block processing and instant transaction confirmations. This innovation goes beyond a technical improvement, fundamentally redefining the possibilities of cryptocurrencies.

The project's vision aligns closely with Satoshi Nakamoto's original concept of a peer-to-peer electronic cash system. While Bitcoin's evolution has positioned it more as digital gold, Kaspa aims to embody the digital silver, facilitating greater circulation and practicality for everyday transactions. This aspiration is even reflected in the project's name, as "Kaspa" translates to silver or money in Aramaic.

$KAS – The Better Bitcoin / True Digital Silver

Kaspa is the fastest, open-source, decentralized & fully scalable Layer 1 in the world.

It solves the Trilemma & fulfills Satoshi's vision of a peer-to-peer electronic cash system.

Welcome to the ultimate Thread & Onepager 👇🧵… https://t.co/OtrMJOPKOg

The team behind Kaspa is equally impressive, boasting Yonatan Sompolinsky, a Harvard post-doctoral researcher who co-conceived the GHOST protocol. This involvement brings significant academic credibility to the project. Sompolinsky's contributions to blockchain technology are even cited in the Ethereum whitepaper, highlighting his importance in the crypto sphere.

The core team comprises 17 developers, whose identities are fully transparent, along with additional marketing and business experts. Notably, the project had a fair launch, with no pre-mines, pre-sales, or special token allocations.

Kaspa's innovative approach to blockchain technology sets it apart from the competition. Unlike traditional linear blockchains, Kaspa's blockDAG enables parallel block processing, drastically enhancing transaction speeds.

Currently, the project boasts a speed of one block per second, with a vision of achieving 10 blocks per second on the mainnet. The long-term goal is to reach 100 blocks per second and over 1000 transactions per second.

The project's tokenomics also generate interest, with a market cap of $3.8 billion and a circulating supply of 25.25 billion tokens at the time of the analysis. Kaspa had a fair launch in November 2021, without any pre-mining or special token allocations.

The emission schedule is clear, with a halving event approximately once per year. Kaspa is also developing an entire ecosystem, including the KRC-20 token standard. While current KRC-20 tokens are mainly memecoins, the project anticipates more substantial ecosystem partners with the introduction of native smart contracts, expected around 2025.

When comparing Kaspa to other major cryptocurrencies, it shows potential for growth. With Bitcoin's market cap at $1.9 billion, Ethereum at $432 billion, Solana at $113 billion, and BNB at $95 billion, many see significant room for Kaspa to expand.

The project's roadmap looks promising, with a goal of upgrading from 1 to 10 blocks per second and plans for an enhanced user experience and potential hard fork implementations in late 2024 and early 2025. Native smart contracts are also on the horizon, although specific details are yet to be fully disclosed.

In conclusion, Kaspa embodies an ambitious effort to address the limitations of existing blockchain technologies, staying true to the original vision of decentralized, peer-to-peer digital currency.