Kaspa's new KRC-20 token standard has officially gone live, thanks to Kasplex, marking an exciting chapter for the project. However, this token standard differs from traditional smart contracts found in Ethereum or other platforms. Instead, it resembles Bitcoin's BRC20 token structure, notably lacking smart contracts at this stage. Despite the absence of smart contracts, the KRC20 token rollout has been highly successful, with a variety of tokens already live. The most popular of these is “Nacho,” a token inspired by Shai Wyborski’s cat, which has become a fan favorite in the community.

In an interview at Token 2049 in Singapore, Shai from Kaspa emphasized the network's impressive performance, processing over 20 million transactions in just 24 hours. To put that into perspective, it would take Ethereum more than a week to handle the same volume. This achievement highlights Kaspa’s remarkable scalability and speed, making it the fastest Proof of Work Layer 1 network in existence today.

While Kaspa is focused on improving its infrastructure, the community eagerly anticipates the introduction of smart contracts in the future, p...

Kaspa, a cutting-edge Proof-of-Work (PoW) blockchain, has demonstrated remarkable throughput and efficiency in its mainnet performance. The network has been running consistently at 1 Block Per Second (BPS) for over two years, showcasing robust performance with thousands of nodes participating. Recent internal tests of the new 10 BPS code indicate that Kaspa has the potential to significantly increase its throughput, with a public test already achieving 3,000 Transactions Per Second (TPS) smoothly over a three-day period.

The Kaspa team is actively exploring the relationship between BPS, block size, and TPS to optimize scalability. Preliminary findings suggest that the network could support up to 10,000 TPS using affordable hardware costing around $100. This level of scalability is particularly impressive considering Kaspa’s ability to maintain low confirmation times and high security standards. Unlike networks like Conflux, which require approximately 50 seconds for a first confirmation, Kaspa delivers near-instant confirmations with security comparable to Bitcoin within just 10 secon...