backasin retweeted
Kaspa Dollar Seeks 5M KAS to Fund New Stablecoin
KaspaDollar (@KaspaDollar) has announced plans for a decentralized stablecoin on the Kaspa network (@kaspaunchained) $KAS.
The initiative is led by core developer @asaefstroem and targets 5 million KAS in funding. The project aims to raise the funds to cover development, independent auditing, research, and launch operations.
KaspaDollar is planning an overcollateralized stablecoin designed to reduce Kaspa DeFi's reliance on assets issued elsewhere. The team says recent developments, including the Toccata hardfork, have expanded the network's capabilities.
Contributions will be refunded if the target is not reached by January 1, 2027.
backasin retweeted
Everyone is a Kaspa maxi until they're asked to donate $5 to actually build the ecosystem.
A chance to bring native stablecoins to Kaspa, built by a core dev instead of a VC.
If you can lose $100 trading memecoins, you can spare $5 to help build Kaspa's future.
For more details, please visit kaspadollar.com
backasin retweeted
JUST IN: KaspaDollar unveils plans for an overcollateralized stablecoin on the Kaspa Network
Led by core developer Asaef Strøm, the project is targeting 5 million $KAS to fund development, independent audits and launch operations, with contributions refunded if the goal isn't reached by Jan. 1, 2027.
backasin retweeted
If everyone who read this post only donated 60 $KAS the goal would be achieved already.
Seems like the kaspa community is only loud when they can attack bitcoiners or other projects
Seems all we do is indeed just that, talk.
Its time for deeds
#kaspa #kaspadollar #kcc20 #kas
Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
If everyone who read this post only donated 60 $KAS the goal would be achieved already.
Seems like the kaspa community is only loud when they can attack bitcoiners or other projects
Seems all we do is indeed just that, talk.
Its time for deeds
#kaspa #kaspadollar #kcc20 #kas
Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
backasin retweeted
i’ll do everything in my power on the technical side to help this initiative move forward and navigate any protocol-level obstacles along the way.
on a personal note, Alex has a rare mix of technical depth, bizdev talent and deep Kaspa knowledge. i honestly can’t think of anyone better suited to lead it, and i really appreciate him taking this on
Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
backasin retweeted
I think in the next few months we will see the most crucial moment for $KAS, when it comes to adoption. Let's work together, for real utility.
backasin retweeted
Kaspa core developer @asaefstroem has introduced KaspaDollar, an initiative to develop the first decentralized, overcollateralized stablecoin on the $KAS network.
Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
Everyone is a Kaspa maxi until they're asked to donate $5 to actually build the ecosystem.
A chance to bring native stablecoins to Kaspa, built by a core dev instead of a VC.
If you can lose $100 trading memecoins, you can spare $5 to help build Kaspa's future.
For more details, please visit kaspadollar.com
backasin retweeted
KaspaDollar could be a BIG unlock for $KAS?. 💵⚡
KAS = native asset + collateral
KaspaDollar = stable money
Kaspa = settlement rails
Payments, DeFi, lending, commerce & AI agentsall with a stable unit of account.
And it’s being led by OG Kaspa dev @asaefstroem. 👀
Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
backasin retweeted
KaspaDollar is the first decentralized stablecoin on the $KAS Network
This is a MASSIVE development in the #Kaspa ecosystem
Great work @asaefstroem in leading this initiative!
The #Kaspa community keeps building, even in the depths of a bear market. Bullish on the $KAS community and network
Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
backasin retweeted
For more details, please visit kaspadollar.com
backasin retweeted
$KAS, did I hear you want stablecoins?
Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
backasin retweeted
Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
backasin retweeted
programmability on steroids
Greetings $KAS. KCC-1, KCC-2 and KCC-20 are now Final, meaning they are ready for full adoption across the ecosystem.
We invite Kaspa builders to join the public KCC channel to ask questions, get support, discuss implementations and share what you build.
Come build with us.
backasin retweeted
Privacy coming to $KAS 🤯
Bullish!
Major breakthrough for the Kaspa Privacy Initiative! 💚🚀
Yesterday, we hit a serious bottleneck: generating our full zero-knowledge execution proof on CPU was taking far too long.
So we rented an NVIDIA L40S GPU.
And it worked!
✅ Full cryptographic proof in just 4 minutes and 16 seconds
✅ Independently verified on CPU
✅ Invalid operations correctly rejected
✅ Estimated GPU rental cost: just $0.12
For the first time, we've demonstrated that our complete test-model execution can be cryptographically proven in minutes, at a surprisingly low cost.
And that opens up some exciting possibilities. 👇
backasin retweeted
Published KIP 22 to help Kaspa users better protect their funds from future quantum attackers by keeping public keys hidden until spending
github.com/kaspanet/kips/blo…
