Kaspa Foundation Plans to Lead Investment, XT.COM Exchange Plans to Follow-up Investment to Support KRC-20 DEX and Wallet Construction
The post Kaspa Foundation Plans to Lead Investment, XT.COM Exchange Plans to Follow-up Investment to Support KRC-20 DEX and Wallet Construction appeared on BitcoinEthereumNews.com.
Advertisement     In breaking news, at last night’s Kaspa Networking Night event in Hong Kong, XT.COM declared a strategic partnership with the Kaspa Foundation, becoming the first and only centralized exchange supporting the KRC-20 ecosystem. This collaboration was officially unveiled in Hong Kong, marking the beginning of a new era for the Kaspa ecosystem. The Kaspa Foundation announced plans to lead investments in developing decentralized exchanges (DEX) and wallets within the KRC-20 ecosystem. This initiative aims to drive positive growth within the Kaspa ecosystem, creating more opportunities for development and interaction among Kaspa ecosystem projects. Kaspa Foundation: Revolutionizing the Blockchain Ecosystem with the Creation of the KRC-20 Standard Kaspa has rapidly gained traction with its innovative KHeavyHash algorithm. This algorithm enables efficient GPU and FPGA mining, allowing miners to participate with low barriers and reap substantial rewards. This has rapidly garnered attention for Kaspa in the PoW space. With Kasplex introducing the KRC-20 standard, Kaspa is accelerating the development of a scalable, adaptable ecosystem to support a greater array of decentralized applications (dApps). During last night’s event, the Kaspa Foundation unveiled its “Generic SC” plan and delved into the significance of KRC-20 construction. Acting as an interim medium until the mainnet’s VM and smart contract plans are realized, Kasplex has (1) demonstrated the stability of the Kaspa network (high TPS under 1BPS) and (2) enriched Kaspa’s on-chain ecosystem. The strong support for decentralized exchanges (DEX) within the ecosystem signifies the Kaspa Foundation’s commitment to driving ecosystem growth, heralding an increasingly vibrant environment within the Kaspa ecosystem. Advertisement   XT.COM’s investment department, XT Labs, is set to establish a fund dedicated to supporting the Kaspa ecosystem. The fund is currently valued at an impressive $100,000 and has the potential for further additions in the future. In addition to driving the…
Filed under: News - @ October 28, 2024 4:19 pm