Скачать или смотреть The Future of Kaspa: Sparkle, ZK Tech, and Decentralized Smart Contracts

Welcome back to Coinchimp, your channel for tech updates and onboarding insights for developers and professionals in the evolving Crypto ecosystem! Today, we’re diving into a big topic—smart contracts on Kaspa. Kaspa's developers are speeding up smart contract development with Sparkle, a new development project funded by KSPRbot. Sparkle integrates advanced zero-knowledge tech, offering a scalable solution that aligns with Kaspa’s vision and could transform the ecosystem. Let’s explore how Sparkle could be game-changing

In July, Kaspa’s core developers—Aspect, Shai Wyborski, and Yonatan Sompolinsky—along with a guest from StarkWare, Ilia, debated two main approaches for implementing smart contracts. Option one? Build something fully native to Kaspa using Rust. This path aligns with Kaspa’s speed and architecture but could take longer. Option two? Integrate with existing zero-knowledge (ZK) systems, like StarkWare's ZK-VM. This would allow Kaspa to leverage already built tools, especially for ZK proof technology. Each option has its pros and cons, so the team is carefully weighing both.

Fast forward to just a few weeks ago. Aspect presented a nearly 5-hour workshop at the Kaspa Innovation Summit in Hong Kong, where he introduced ‘Sparkle,’ Kaspa’s solution for smart contracts using zero-knowledge proof tech. Sparkle is designed to integrate directly with Kaspa’s Layer 1, without requiring a hard fork. This approach keeps things efficient and low-resource while offering Kaspa’s first steps into smart contract capabilities.

On the latest Blockchain Banter X Spaces, hosted by LenediPro and Chris Hutchinson, Aspect introduced Sparkle and shared that it’s currently in the prototyping stage, with a goal of delivering a functional solution by next summer. This progress is thanks to KSPR-Bot, which has stepped up to fund the project with a generous contribution, helping accelerate its development.

Sparkle is what you’d call a ‘Layer 1.5’ solution. It’s a bit more than Layer 1, where the core network sits, but it’s not quite Layer 2, which is where more complex apps live. Think of it as an add-on that bridges the simple and the advanced, while keeping Kaspa’s core tech untouched. Sparkle’s unique role allows it to offer advanced smart contract capabilities without the complexity of other blockchain platforms.

links:
KSPR Bot: https://x.com/KsprBot
Kaspa Innovation Summit Keynote: Kaspa-WASM SDK/RUST Workshop by Aspect:    • Видео  
Kaspa Team Debate - Smart Contracts:    • Kaspa R&D Dev Chat  July 9 2024  
BlockChain Banter X Spaces: https://x.com/LevendiPro/status/18560...

Time codes:

00:00 - Intro
00:41 - The Debate
01:21 - Aspect Introduces Sparkle
01:47 - Blockchain Banter X Spaces
02:08 - What is Sparkle?
02:35 - Key Goals
03:05 - Zero-Knowledge (ZK) Proofs
03:31 - Sparkle’s Design
04:02 - Core Components
04:33 - EVM-Free, zkVM
04:57 - Community
05:17 - Looking Ahead
05:41 - Closing


*Disclaimer** The information in this video is for educational purposes only and does not constitute financial advice. We do not recommend any project as an investment and are not responsible for the technologies, assets, or standards presented.

#Kaspa #KRC20 #BlockDAG #Nachothecat #kaspercoin $KAS #sparkle #kaspasc