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.

proof of work shouldn’t be a test of patience.

I'm a software in a big tech company in Switzerland, and I've working on tech more than a decade. And I can tell when a tech is solid. If I'd measure a project by the tech superiority, fairness, and spirit of the free money movement, then nothing beats $KAS or even comes closer.

Finally, Silverscript v1 is out [Link in the reply]. This completes the journey we started eight months ago with Toccata — it's finally possible to write human- (and AI-) readable smart contracts on Kaspa. This language started simply as "CashScript with loops", but eventually grew into a full-fledged smart contract language capable of expressing complex, stateful contracts. It's always fun to look back at the first token mechanism @IzioDev and I worked on using raw opcodes, which took thousands of lines of code, and see the same thing implemented in just 60 easy-to-read lines of Silverscript. I'm excited to explore the possibilities of UTXO programmability together with the Kaspa community, and this is only the beginning - Silverscript will evolve, Argent will add higher layers of abstractions, and I'm sure more people will find their own way of extending this new ecosystem.

Lets start a trend. I am proudly one of the 3 people who use kaspa:native keep the chain going. :)

Kaspa is used by like 3 people and is a terrible store of value It has solved nothing