Is Kaspa (KAS), Bitcoin 2.0?

in LeoFinancelast year

In my opinion, Kaspa is a very good coin but it is not Bitcoin 2.0, the next Bitcoin, or the Bitcoin killer, yes Kaspa and Bitcoin are similar in some very important aspects like they are both Proof of Work (PoW) cryptocurrencies, and very strong security because it is decentralized but when it come to scalability Kaspa is better than Bitcoin, Kaspa is the only crypto that has solved the blockchain trilemma when I said blockchain trilemma am talking about decentralization, security, and scalability of a blockchain network.

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Kaspa is scalable and fully decentralized, they did not need to move from proof of work (PoW) to proof of stake like Ethereum to be scalable, or like Bitcoin that gave up scalability for decentralization and security. Bitcoin is digital gold and a great store of value but is not scalable or effective for peer-to-peer exchanges while Kaspa on the other hand is a layer 1 solution trying to be a store of value but it is better for transactions because it takes a second for KAS to be visible on the Kaspa blockchain network and it takes an average of 10 seconds for the Kaspa network to full confirm a transaction.

Both Kaspa and Bitcoin undergo halving, halving in crypto is the process whereby mining rewards are cut in half to reduce the number of new coins entering the network, Kaspa halving happens every year while Bitcoin halving is every four years. And lastly, bitcoin has a total supply of 21 million BTC to be ever mined, and Kaspa has a total supply of 28.7 billion coins.

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