Hello Kaspians! Welcome to the ninth release of Kaspa Weekly! Due to the easter holidays. less things happened in the ecosystem last week. Because of that, this release will be shorter, nevertheless most certainly not a boring one! Today, we'll continue our Crescendo Upgrade Activation countdown and share some insights about how many nodes already upgraded to the latest version of Rusty Kaspa, talk about Kaspa's Use Cases and tell you about Shai Wyborski's new show, the Kaspa Deepdive. Below you'll find a short summary.
- 🚀 Crescendo in less than 7 days
- 🛍️ Kaspa's Use Cases
- 🎬 The Kaspa Deepdive
Crescendo in less than 7 days 🚀
You heard that right! One of the most anticipated upgrades is coming to Kaspa in less than seven days! At the time of writing, approximately 582,000 blocks remain until activation, which translates to around 6 days and 17 hours. The projected activation time is May 5th at 3PM UTC. If you still don't know what the Crescendo upgrade brings to Kaspa, this post by Michael Sutton is a good read.
One of Rusty Kaspa's developers, coderofstuff shared that 90% of blocks on mainnet came from nodes running the crescendo-upgrade version, v1.0.0, this means at the time of writing, over 90% of the network's hashrate supports the upgrade, and the remaining operators such as f2pool, WhalePool and Mara Holdings are in the process of upgrading.
A day before the hard fork happens, nodes running the version v1.0.0 will not connect to nodes that run the older version due to the protocol version update.
Kaspa's Use Cases 🛍️
Kastle's Kaspa Mondays recently talked about the mystical phrase of "Is Kaspa the Future?" Alongside other topics, they talked about Kaspa's Use Cases, the ecosystem, the challenges and uncertainties. If you'd like to read more, check out their article! Today on Kaspa Weekly, we'll talk about the use cases.
Real-World Applications
Kaspa is the perfect candidate for everyday transactions, from grocery shopping, paying a friend for a cup of coffee to sending money worldwide without any restrictions. One of the biggest drawbacks when using traditional cryptocurrencies are the slow transaction confirmation times and high fees.
Kaspa's high throughput, fast confirmation times and insanely cheap transaction fees make it the perfect candidate for everyday use.
Institutional and Financial Applications
Trading often requires near-instant execution times on a huge amount of transactions every single minute, scalability is key. Services like lending platforms or exchanges share similar requirements, low latency and instant settlement is a necessity.
Yet again, Kaspa makes the perfect choice here. Despite no support for smart contracts for use cases like decentralized finance platforms on Layer 1, the upcoming Layer 2 solutions from teams at Igra Labs and Kasplex will soon open these doors and enable DeFi on Kaspa.
The Kaspa Deepdive 🎬
One of GhostDAG's co-authors, Shai Wyborski announced his new show, the Kaspa Deepdive. As the name suggests, the show will focus on explaining various aspects of Kaspa (there you go, yet another resource to learn more about the amazing tech behind the world's most best cryptocurrency 😉).
The first episode is not out yet, but if you'd like to watch couple-minute long snippets from it, you can find it on The Deepdive YouTube Channel.
Personally, we really enjoyed the snippets, and we're excited to see the whole episode live soon 😎.
That's it for this release! We hope you've enjoyed it! As always, thank you for reading and see you next week! 👋
