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Currency KASPA is a killer of Bitcoin or blockchain. Because it solves the problem of blockchain triad (decentralization, expansion, and protection). I hear this a lot.
But is this true? This is what I found :
The blockchain triad problem states that you cannot be decentralized, secure, and scalable at the same time. You must choose two sides of the triangle:
Choose Bitcoin for decentralization and security. Choose Ethereum for scalability and security. But is it possible to have all three properties?
The BlockDAG, or Directed Acyclic Graph, operates multiple chains in parallel instead of a single chain. This concept allows for faster transaction speeds and increased decentralization due to the existence of multiple chains.
But where is the flaw?
BlockDAGs sacrifice some security for increased speed. Multiple chains = more moving parts, increased attack surface, difficulty achieving consensus, and higher risks of double spending.
This is the beauty of Bitcoin: simple and smooth operation.
BlockDAGs are a great step forward, but I don't think they solve the blockchain triad problem yet. Is this important? New investors love investing in anything claiming to be the next Bitcoin or Ethereum killer. These projects might be good for this cycle, especially since the idea is novel and the crypto world loves novelty.
Scalable is overrated
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It seems that the project managers will discover that as the project grows
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My 15GB Kaspa full node has not grown at all since then.
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