Smart contracts postponed

Darth Vader@TheRealDarthVader

2Mo

Blah blah blah and Bitcoin is better yes!

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Invest wise@Investwise

2Mo

I've put my foot in the door. Just in case all finfluencers are right and Kaspa is the better Bitcoin.

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Stefan21@stefan_21

2Mo

@Mh391 Spoiler: it's not🙃

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obito@obito93

2Mo

@Mh391 I don't think kaspa can replace bitcoin, but I think kaspa is an exciting project and I hold kaspa myself
About kaspa:

BlockDAG instead of blockchain: Instead of only one block being created every 10 minutes (as with bitcoin), kaspa allows several blocks to be created simultaneously and linked together in a graph.
Very fast blocks: Kaspa currently creates 1 block per second
(Bitcoin: 1 block per ~10 minutes).

I like ☝️☝️☝️☝️☝️

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Stefan21@stefan_21

2Mo

@obito93 Kaspa will 1. never be able to hold its own against Bitcoin because of Bitcoin's network effects (Bitcoin has far too big a lead that another protocol, even if it were better, would not be able to catch up) and 2. Kaspa tends towards centralization. Due to the high block rate, there are high demands on bandwidth and storage space - and the trend is rising.
Only a few can afford a fully-fledged node - if the network scales up, nodes can only be operated in data centers. And these data centers then control the network.

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obito@obito93

2Mo

@stefan_21 I agree with you
But trzmd in itself is the
project is good

Kaspa is actively working on optimizing the storage and bandwidth load (e.g. through pruning and more efficient protocols).

Who knows how the development will go

And as I said kaspa will never replace bitcoin because bitcoin is simply the mother of coins ☝️

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Stefan21@stefan_21

2Mo

@obito93 yes, only that with pruning the entire history is not stored and you have to trust large nodes from data centers again😅
I also think that Kaspa is a cool technology, but it simply cannot and will not be able to compete with Bitcoin :)

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Wiktor_06@Wiktor_06

2Mo

@Mh391 Nobody is saying that it will be the new BITCOIN. It is supposed to be a supplement to Bitcoin.

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Fredi K.@equity_expert_1695

2Mo

How can people keep on burning money 😕

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ordinemo@ordinemo

1Mo

Kasplex (KRC20) are not native Kaspa smart contracts, anyone who has expectations of this release should reconsider investing in this area at all.

This is what counts. A testnet is expected in a few months:
https://github.com/kaspanet/research/blob/main/vProgs/vProgs_yellow_paper.pdf

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Wiktor_06@Wiktor_06

2Mo

What kind of website/app is this?

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obito@obito93

2Mo

@Wiktor_06 kaspa ai app

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Smart contracts postponed 😭