Kaspa & PoW Architecture | Institutional grade research on protocol development, on chain data & ecosystem Weekly deep dives. No hype. Systems over Speculation.

Decentralized
Joined January 2026
1/10 Kaspa is joining the global payment standard for the internet. x402 founded by Coinbase and Cloudflare, now a Linux Foundation project is becoming the default way AI agents pay for APIs and data. This week, a kaspa:native binding is ready for upstream submission. Here's why it matters. 馃У
馃 Made with AI
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1/8 A decentralized dollar on Kaspa now has a lead developer, a deadline and a funding bar at about 1.3%. It does not yet have a published collateral design. KaspaDollar, what is documented and what is not 馃У kaspa:native
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7/8 Not published as of October 24. Collateral mechanism and ratio. Oracle design. Liquidation rules. Code repository. Control over the contribution address. Each of these decides how a dollar behaves under stress.
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8/8 Toccata gave Kaspa covenants and ZK verification, so the building blocks exist. Feasible is not delivered. Before any testnet, which disclosure matters most to you, collateral design, oracle design or audit scope? Source, KaspaDollar project documentation, accessed October 24, 2026. #KAS #kaspa #NFA
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1/10 Kaspa's token standard is now final. KCC-1, KCC-2 and KCC-20 were finalized on October 21. Michael Sutton co authored all three. Ori Newman co authored KCC-1 and KCC-20. Their KIP-20 covenant IDs and KIP-17 opcodes went live in Toccata. Five authority schemes. One shared ABI. One token covenant. Here is what it means 馃У kaspa:native
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10/10 Capability shipped in June. Conventions shipped on October 21. Adoption is the open question. What lands first, wallet support for KCC-20 or the first covenant DEX pool? Data as of October 24, 2026. #NFA
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1/ Kaspa's top 10 addresses hold 25.8% of circulating supply. The number alone sounds like a centralization headline. The composition behind it tells a different story. kaspa:native
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9/ That combination matters for how a sell off would actually propagate. A dump from the top 14 is a single coordinated event risk. A dump from 2,968 independent Shark tier wallets is not coordinated by definition, it is a market wide behavior shift. Two different risk profiles, same supply share.
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10/ Distribution Watch runs monthly. Same methodology, same source, tracked over time. Open question for this one: what would move Entity X from "unlabeled" to identified, and would that change how the market prices this asset? Data: kaspa.stream, 24.10.2026. #KAS #NFA
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