Kaspa has made a significant leap forward in the blockchain space by launching smart contracts on its Kaspa Layer 2. This development is set to attract Ethereum developers looking to migrate their applications seamlessly to a more efficient platform, and the publication demonstrates positive momentum in the developments.
Compatibility with Ethereum Virtual Machine
The newly launched smart contracts are fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to port their existing applications without major modifications. This compatibility is complemented by the integration of ZK rollups, which enhance scalability and transaction speed, making the Kaspa network more appealing for real-world applications.
KRC20 Token Support and Microtransactions
Additionally, the introduction of KRC20 token support and native microtransactions positions Kaspa as a versatile platform for decentralized finance (DeFi) and other blockchain-based services. With these upgrades, Kaspa aims to facilitate the practical deployment of applications, potentially increasing its user base and overall network activity.
As the excitement around Coldware's ambitious cross-chain initiatives unfolds, it is crucial to recognize the broader technological advancements shaping the cryptocurrency landscape. Currently, developments in AI infrastructure, such as the potential $20 billion deal between Oracle and Meta, highlight the increasing relevance of AI across various sectors, including cryptocurrency. This evolving landscape is further illustrated by Aethir's decentralized GPU cloud project, which is anticipated to significantly impact Southeast Asia's AI sector, as detailed in a recent report here.
