As promised in my portfolio reveal, here's why Kaspa is my main position
Kaspa is one of my favorite projects. I've discovered it 18 months ago as it was one of the very first projects shared on Cyrator. I've put nearly everything I had into the project and it's only gone up since ;)
There are a few reasons that I went pretty much all in on Kaspa, but most importantly was the video that I've attached.
Why I like Kaspa: Most people know about the blockchain trilemma (the problem that you can't achieve security, decentralization and scalability (aka speed) at the same time). Therefore, almost all of the newer projects sacrifice either decentralization or security for speed. Almost all new blockchains are some form of proof of stake, which many believe leads to centralization. I find Kaspa amazing because it improves scalability with a genius solution while placing a heavy focus on decentralization and maintaining security - and it does it with proof of work. In that sense it's like Bitcoin, but a technologically much improved Bitcoin that's thousands of times faster, cleaner, and may even be more decentralized.
Why did the video convince me? First of all because of what's being said. Kaspa's founder Yonatan Sompolinsky takes 15 minutes to explain an extremely complex topic in a way that I can understand. That's extremely important. In an industry where EVERYONE has a "revolutinary" solution, it's crucial that they can actually explain to you how it works. Second is the style. Instead of a hyped up crypto conference, this is done by a bunch of nerds (I say this only with admiration). You can feel they know what they're talking about and that they care deeply about crypto's founding principles. These are no moon boys..
After the video I did additional research and I found out that Yonatan has been a leading thinker in the industry for a decade and that his ideas were mentioned as development goals in the Ethereum and other whitepapers. There's even much more good stuff about Kaspa, from it's fairlaunch to it's vibrant community.. But I want to sum this up by saying that seeing how the founders present their projects has become a very important due dilligence step for me. It's the second thing I do when I check out a project.
- Look at the website if there's anything interesting.
- Checkout their YouTube channel, sort for the most popular video and watch it.
- If the founders don't seem genuine, I drop the project
Spoiler alert: I've also made my decision to get into TAO due to a YouTube video... but I'll share that one later in the week!
I hope you like the post. I might share more stuff that I really like about Kaspa and where I see it going during the next 6-12 months if enough people upvote this post. Show Less
