Kaspa

“Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, which is structured as a revolutionary blockDAG. Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable generalization of the Nakamoto Consensus (Bitcoin consensus). Its design is faithful to the principles Satoshi embedded into Bitcoin — proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no premine, and no central governance. Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by the most secure proof-of-work environments. Kaspa’s current mainnet operates with one block per second. After the ongoing rust language rewrite, the core developers goal is to increase the number of blocks per second substantially, attracting the development of smart contracts and DeFi.” (Courtesy of https://kaspa.org/about-kaspa/)

KRC-20

“Kasplex is a dedicated protocol designed for the Kaspa ecosystem, focusing on enhancing the features and functionality of the Kaspa blockchain by introducing a new token standard, KRC-20. KRC-20 is a token protocol similar to Bitcoin’s BRC-20 protocol and Ethereum’s ERC-20 protocol. However, KRC-20 introduces more advanced scripting capabilities than BRC-20, but it doesn’t reach the complexity and flexibility of the ERC-20 smart contracts.

KRC-20 smart contracts emphasize a standard protocol for creating and managing tokens on the Kaspa blockchain. These tokens work based on predefined rules, ensuring interoperability and compatibility across various applications in the Kaspa network.

Anyone, including developers, influencers, and artists, can now leverage Kaspa to launch projects, as these KRC-20 tokens can represent cryptocurrencies, loyalty points, or voting rights. In short, KRC-20 offers a wide range of solutions for decentralized applications and tokenized ecosystems.” (Courtesy of https://www.cryptominerbros.com/)