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Kaspa (KAS) has come a long way from its humble beginnings, with a price that soared from fractions of a cent to a high of $0.2074 in just a few years.
With its innovative GHOSTDAG protocol and growing adoption, Kaspa is showing what’s possible in terms of blockchain speed and scalability, but can it reach $1 in the next few months?
There’s also the new PlutoChain ($PLUTO) project, a hybrid Layer-2 network that might push boundaries with near-instant transactions and EVM compatibility.
Let’s check out all the deets below.
Kaspa (KAS) is trading at around $0.1267, with a daily trading volume of $75.8 million. The price has risen by 1.6% in the last 24 hours.
Its market cap stands at $3.23 billion, based on a circulating supply of 25.46 billion KAS.
It’s currently 38.9% below its peak but up an impressive 74,000% from its lowest point.
One of KAS’s main developments is the GHOSTDAG protocol, which allows multiple blocks to be created and confirmed simultaneously.
In 2023, Kaspa hit a major milestone by processing 10 blocks per second on its testnet.
The team also transitioned from GoLang to Rust, a move that improved performance and allowed for parallel processing.
Kaspa's roadmap includes a high-performance mobile wallet to make the platform more accessible and user-friendly.
The platform also has plans to integrate with hardware wallets like Ledger, which shows how committed it is to security and convenience for KAS holders.
Kaspa employs an open-source approach and lets users play an active role in shaping its future through a democratic voting process.
Donny, a crypto analyst on X, predicts that Kaspa will benefit from a liquidity shift during an altcoin season driven by Ethereum's rise.
He believes KAS could outperform Ethereum by 3 times and achieve a 12-15x increase from its current levels.
PlutoChain ($PLUTO) is a new Layer-2 project that possibly presents a solution to Bitcoin’s persistent limitations. Primarily, Bitcoin users often deal with slow transaction times, congestion, and steep fees.
The way PlutoChain could address this is by using a hybrid Layer-2 network designed to run alongside Bitcoin’s blockchain. This approach might help ease traffic, lower costs, and improve scalability.
Bitcoin’s 10-minute block time can’t compete with faster platforms, such as Ethereum or Solana.
PlutoChain’s Layer-2 technology offers block time of just 2 seconds—near-instant transactions. It could also enable seamless smart contract capabilities while preserving Bitcoin’s trusted security.
This innovation could transform Bitcoin from a simple store of value into a flexible, powerful platform.
PlutoChain is compatible with the Ethereum Virtual Machine (EVM) which could allow developers to integrate Ethereum-based projects into Bitcoin’s ecosystem.
This would open new opportunities for DeFi, NFTs, and AI applications within the Bitcoin network.
In testing, PlutoChain handled 43,200 daily transactions without hiccups, which showed it’s ready for the real world.
Security remains a top priority. Independent audits by SolidProof, QuillAudits, and Assure DeFi confirm PlutoChain’s reliability, while regular code reviews and stress tests ensure stability and compliance with global standards.
The PlutoChain team prioritizes its community and gives users a voice in upgrades, partnerships, and features through proposal submissions on Discord. This user-first approach helps the network grow in a way that benefits everyone involved.
Kaspa’s GHOSTDAG protocol and recent breakthroughs in scalability put it in a strong position and it might be worth keeping an eye on how it develops.
On the other hand, PlutoChain could take on Bitcoin’s challenges with speed and usability, by offering near-instant transactions and a way to connect Ethereum projects to Bitcoin’s network.
PlutoChain isn’t just a technology—it’s a collaborative effort that could bring Bitcoin into the future.
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Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.
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