- Key Highlights from the Launch
- Network Performance and Token Demand
- Long-Term Outlook and Market Impact
The recent launch of KRC20 tokens on the Kaspa blockchain has sparked considerable discussion within the crypto community. The host of 2Bit Crypto referred to this event as a 'major evolution' for the project, emphasizing its significance.
Key Highlights from the Launch
According to the host, the deployment of KRC20 tokens marked a significant milestone for Kaspa, made possible by the cplex protocol. At launch, the network achieved impressive statistics: 7.58 million transactions, 132 tokens deployed on the mainnet, and over 15.5 million KAS paid in gas fees.
Network Performance and Token Demand
Within four hours of the KRC20 token launch, Kaspa recorded an average of 400 transactions per second (TPS) and achieved 1.5 blocks per second (BPS), maintaining a hash rate of 1.12 Eh/s. The host highlighted that this seamless performance showcases the network’s capacity to handle large-scale usage effectively. The demand for KRC20 tokens was significant, with 971,000 tokens minted at the time of his report and expectations for this number to grow.
Long-Term Outlook and Market Impact
Post-launch, Kaspa's price experienced some corrections, attributed to the 'buy the rumor, sell the news' phenomenon. Despite these short-term fluctuations, the host remains optimistic about the long-term trend, citing positive technical indicators like RSI divergence. He believes the KRC20 token launch is just the beginning for Kaspa and predicts more innovative projects on the network.
In conclusion, Kaspa is solidifying its position in the cryptocurrency market with the launch of KRC20 tokens, demonstrating significant progress. The host of 2Bit Crypto is confident in the platform's future success and its potential for further growth and innovation.
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