Thread by @CryptoGirlNova

1) In today's market it's increasingly hard to select high quality cryptocurrencies.

Most eventually fade away and as such we need to search for the best fundamentals.

A thread🧵on $KAS and why you should take a look at this cryptocurrency.

Read on 👇

@KaspaCurrency #Kaspa

2) One of the hottest buzzwords this year has been "the blockchain trilemma".

A widely held belief that blockchains need to choose between security, scalability and decentralization.

A blockchain can apparantly only achieve two of these three optimally at any given time.

3) Like any given new technology, what's true today might not be true anymore tomorrow.

Some believe we could achieve all 3 to the best of our abilities.

Not just somewhere in the future but already today.

Kaspa is one of those and we'll take a look exactly why.

4) Kaspa is an open-source, decentralized, and fully scalable Layer 1 and one of the first to enable parallel blocks and instant transaction finality.

Kaspa was developed with a clear goal: to bring security, scalability, and decentralization all together in one project.

5) Kaspa is a proof-of-work cryptocurrency that implements the GHOSTDAG protocol.

Unlike traditional blockchains, GHOSTDAG does not create orphan blocks in parallel, but allows them to coexist and sort them in consensus.

The Kaspa blockchain is actually a blockDAG.

6) This generalization of the Nakamoto consensus allows for secure operation while maintaining very high block rates.

It's currently one block per second and minuscule commit times dominated by Internet latency.

It's plans are to increase this limit even way higher.

7) Kaspa's implementation includes many cool features.

- Accessibility to query the DAG topology
- Block data removal
- SPV proofs
- Subnet support

The last one will make future implementations of tier 2 solutions much easier.

8) Due to its blockDAG design no blockchain is involved in its operation.

The core idea is relatively simple: instead of having any block point to a single parent block, BlockDAG allows it to point to many.

9) This creates parallel blocks in the network rather than a chain.

This enables:

- Next-generation scalability
- High throughput transactional bandwidth
- Instant confirmations

All while still preserving decentralization.

10) With this solution, Kaspa seeks to solve the most pressing issues of traditional blockchains.

It’s an innovative implementation of distributed ledgers that seemingly puts an end to the trilemma.

11) What sets Kaspa apart in a real environment with its unique architecture compare to others is:

- Fast transactions
- Instant confirmations
- Scalability
- Security

Lets go more in detail on each one.

12) FAST TRANSACTIONS

Kaspa generates multiple blocks each second for posting transactions to the ledger and has 10-second confirmation times —faster than most existing solutions.

13) INSTANT CONFIRMATIONS

Kaspa was built with the goal of being hundreds of times faster than other networks.

On average, each Kaspa transaction becomes visible in the network in 1 second, and each transaction is fully confirmed in 10 seconds.

14) SCALABILITY

Kaspa can generate and confirm multiple blocks per second without putting security and decentralization in jeopardy.

15) SECURITY

Kaspa leverages an ultra-secure block network that does not compromise decentralization in the slightest.

It uses a stake-less, efficient proof-of-work framework.

16) Research & development for Kaspa's pioneering technology began in 2013.

Kaspa was openly launched in November 2021 with no private allocations, pre-sales or pre-mine.

17) Kaspa is a 100% community-led project.

It has no central governance.

Apart from the core developers who helped with the implementation and stabilization of the network, the project is powered by community developers, marketers, and project volunteers.

18) As a 100% decentralized project, anyone who wishes to participate can join the team.

Because of this the token (KAS) is completely decentralized, open-source, and community-managed.

19) It has a circulating supply of about 12.5 billion and a total supply of 28.7 billion tokens.

They have an emission schedule that halves once per year via monthly reductions.

20) The Team says they are still working on some fine-tuning.

A complete rewrite of Kaspa’s programming language from Golang to Rust is underway to boost overall performance and speed.

21) With such promising features and roadmap packed with new improvements, it’s no wonder to see why this project has become a new favorite in the crypto community.

The hype has been growing lately and I for one am closely keeping an eye on them.

22) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.

I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.

Your favorite writer Nova ❤️

23) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.

Everyone deserves free knowledge 📘

Love you all ❤️

First post 👇

https://twitter.com/CryptoGirlNova/status/1572670919767724033?t=cu9PVhXE5biq1kNJv3ggVw&s=19