Kaspa, a scalable proof-of-work blockchain, approaches a significant update known as the Crescendo Hardfork. This upgrade aims to enhance the network's processing capability to 10 blocks per second (BPS), significantly increasing the current system throughput.
Smart Contracts Set to Scale with 10 BPS
The Crescendo Hardfork is not just about speed; it's about unlocking Kaspa's ecosystem. KRC-20 and KRC-721 standards have been tested on Testnet-11 since January 2024. These standards will combine with the validated speed improvements on Testnet-10 when the mainnet upgrades, planned for late April 2025. This development aims to offer functionality comparable to Ethereum while maintaining PoW security.
Future Scaling Plans
Future upgrades target 32 BPS or even 100 BPS. The DAGKnight protocol will optimize blockDAG consensus for even higher throughput. These developments aim to address the blockchain trilemma by providing a solution that maintains security and decentralization while significantly improving scalability.
Market Position and Community Outlook
Kaspa's 'Made in USA' tag on CoinMarketCap enhances visibility, bringing the project into focus during the pre-upgrade phase. Growing interest surrounds Kaspa amid policy shifts in the US regarding PoW cryptocurrencies. Increased transaction speed, smart contract functionality, and PoW security may distinguish Kaspa in the competitive landscape.
Kaspa's planned upgrade to 10 BPS could redefine PoW scalability. The blend of speed, security, and smart contract implementation positions Kaspa as a competitive force in the cryptocurrency market.
