What happens when the KAS supply is gone? скачать в хорошем качестве

What happens when the KAS supply is gone?

Shia's take on Kaspa's security budget is twofold. One, it is not true that fees require congestion. In fact, Kaspa's parallelism gives us great control of the threshold over which fees become meaningful. This is an important point where $kas provides flexibility where people think there is none: we can control the fee market activation threshold. For example, in post-Crescendo TN10 we see that the merge-sets are about 4-5 blocks, meaning that 25% of utilization is more than enough to furnish an active and competitive fee market. We can arbitrarily reduce the required utilization by increasing block rates (while controlling the total throughput by changing block sizes appropriately). Two, it is not true that the only source of security budget is fees. One instance: suppose big players use the chain to build their platforms, and their security relies on the security of the L1. In that case, it becomes their incentive to secure the network actively and not just delegate this important task to the fee market. Another instance: high BPS incentivizes service providers to create their own blocks rather than relying on miners. This means that they contribute to the security to improve their service, not for earning fees. That's another example of how the fee market is not the only source of security budget. This point would become highly relevant once countering MEV through transaction bidding is online. READ MORE HERE - The Three Woes of Bitcoin’s Fee Market (and How BlockDAGs Can Fix Them) Part one: https://functor.network/user/912/entr... of four parts.