Kaspa Timeline: 2025
2025-05-05 Kaspa 1.0.0 Official Release
Launched at 15:00 (UTC) on May 5, 2025, version named Crescendo, as a hard fork upgrade.
Upgraded from 1 BPS to 10 BPS.
Technically already capable of supporting smart contracts.
Related posts: https://x.com/michaelsuttonil/status/1919715492740124699
2025-06-01 Conflict Between Big Beard Shai and the Community
Big Beard Shai (https://x.com/DesheShai) is a mathematics Ph.D. who participated in some Kaspa paper proof work and was one of the early members of the Kaspa team.
Final split with KEF due to criticism over progress issues:
KEF (Kaspa Eco Foundation) is the ecosystem foundation of the Kaspa blockchain, aimed at accelerating the development, adoption, and sustainability of the Kaspa ecosystem, including smart contracts and ecosystem construction.
KEF sponsored the work of multiple Kaspa core developers.
KEF sponsored Shai to write a Kaspa popular science book, but criticized Shai due to progress issues, and the two eventually fell out. This book was never completed...
KEF leader's questions:
Shai's response:
The core development team stated that Shai had long stopped participating in core team work, and his statements no longer represented the core team's views, which caused Shai's dissatisfaction, and eventually (possibly due to various misunderstandings) led to a split.
Someone asked: "If the entire crypto industry's traffic shifted to Kaspa, could Kaspa handle it?" Shai gave an affirmative answer. The core development team believed this view was not rigorous, and the public might mistakenly think Shai represented the core team's view.
Shai believed he never represented the core team in the first place. He expressed confusion and dissatisfaction with the related statements.
He will still participate in some Kaspa community issue discussions.
Before the conflict with the core team, Shai often sparked controversy by expressing his views on the war and conflict in the Middle East as an Israeli.
Shai later strongly supported Igra Labs and continued to express controversial views, such as:

2025-07-01 Official X Account Decentralization
- In response to the decentralization issue raised by Yonatan this year, the community decided to hand over the original official X account to a community member for maintenance.
Yonatan's article:
https://hashdag.medium.com/in-which-we-are-all-faceless-until-we-have-faces-part-i-5f100e0555a4
Before this, the name of the "official" X account was once changed to "Kaspa City" or other names. The community was very dissatisfied with these confusing operations.
So, there was the following vote:

Voting links:
https://discord.com/channels/599153230659846165/935851925608472617/1389354191650295828
Maintainer Christian Ludwig (https://x.com/christi61026749) later changed the Kaspa official Twitter ID from
@KaspaCurrencyto@kaspaunchained.His operations were even more confusing...
In any case, this account is considered completely ruined. It can be considered as achieving "decentralization."
Many people started creating their own Kaspa promotional accounts, such as:
2025-09-11 vProg Protocol Yellow Paper Released
(1). vProg Introduction
Summary of Yellow Paper Content:
The vProg protocol is a revolutionary blockchain scaling solution whose core is to solve the dilemma where "sovereignty" and "composability" between applications (vProgs) are difficult to achieve simultaneously without sacrificing underlying decentralized security.
1. The Fundamental Contradiction Solved: Sovereignty vs. Composability
Traditional Dilemma: If applications want to maintain independent sovereignty (managing their own states without interfering with each other), it is difficult to achieve efficient synchronous interaction (composability); conversely, if they are forcibly put together to achieve composability, they will drag each other down, forming performance bottlenecks and losing sovereignty.
vProg's Goal: Enable thousands of decentralized applications to interact securely and atomically in real time as if on a single chain, while each application maintains a high degree of independence and anti-censorship capability, thereby forming a powerful and non-fragmented unified economy.
2. Paradigm Shift: From "Global Execution" to "Local Verification"
The core innovation of the protocol lies in role separation and proof mechanisms:
L1 as "Trust Anchor": The Kaspa mainnet no longer "computes" all programs but retreats to neutral infrastructure, responsible for:
Ordering and Data Availability: Determining transaction order and ensuring data is queryable.
Dependency Calculation: Like a traffic commander, precisely calculating which vProgs a transaction will "affect" (defining the "computation scope") and performing resource metering to prevent network congestion.
vProg's "Sovereign Execution": When a vProg (A) needs to interact with another vProg (B), A's nodes will not passively wait for B's response but will actively simulate executing B's code locally. This ensures that A's operation never stops due to B's failure.
ZK Proofs as "Trust Foundation": Whether the result of local execution is correct is not subjectively judged but cryptographically verified by zero-knowledge proofs. Any node can quickly verify the authenticity of the proof, thereby trusting the result of local execution.
3. Key Mechanisms for Achieving Infinite Scaling
Shallower State Anchors: The more frequently vProgs submit state proofs to the mainnet, the less historical data other nodes need to trace to verify their current state (the shallower the "anchor"), the smaller the burden of cross-program interaction, and the lighter and more efficient the overall system.
Incentive-Driven Proof Market: This creates a natural economic demand, spawning a professional, competitive prover service market where they profit by frequently submitting proofs while passively maintaining the high performance and scalability of the entire network.
Ultimate Vision:
The vProg protocol aims to build a "sovereign network effect" system: each application is an independent kingdom (sovereignty), but through a set of cryptography-guaranteed universal rules, these kingdoms can seamlessly and securely trade and cooperate (composability) as if on a continent, while the foundation carrying all this (Kaspa L1) always maintains its decentralized solid nature.
- vProg will enable direct deployment of smart contract protocols without relying on L2 smart contract platforms.
(2). Yonatan's Views on Traditional L2
- Yonatan does not like the L2 design and believes that L2 will not provide feedback to supplement L1 to benefit miners. Therefore, he led the design of vProg to solve this problem.
Yonatan's Post Discussing Layer 2:
Translation: I (Yonatan) know almost nothing about Kaspa's Layer 2 solutions (L2s), nor do I understand why they were created. Therefore, understanding their architecture, codebase transparency, and other information is of no value to me. I think L2 is an unwise path, risking repeating Ethereum's mistakes, and I have been outspoken about this concern for years (you can refer to my discussions on atomic composability and fragmentation issues). To address this problem, the Kaspa core team has long been committed to a built-in L2 design—in short, this is a computation layer verified through zero-knowledge proofs, closely integrated with L1 consensus: it receives opcode and data structure support from L1, while stripping computation and more critical state data outside L1. This is the only "L2" system in the entire cryptocurrency field (not just in the Kaspa ecosystem) that can enhance rather than divert L1 network effects. Other solutions are just distractions to me. In short, I dare say I know less about Kaspa L2s than anyone on the X platform—try it and you'll see, I know nothing about it.
(3). What are Yellow Papers and White Papers?
| Feature | White Paper | Yellow Paper |
|---|---|---|
| Core Nature | Business Plan, Concept Document | Technical Specification, Academic Paper |
| Target Audience | Ordinary investors, potential users, broad community | Developers, researchers, technical experts |
| Main Content | Project vision, problems to solve, token economics, roadmap, team introduction | Mathematical principles, encryption algorithms, protocol details, formula derivation, code specifications |
| Language Style | Easy to understand, with marketing and promotional nature | Highly professional, rigorous, full of terminology and mathematical symbols |
| Purpose | Explain "why" to do this project, attract attention and investment | Explain "how" to implement this project, provide technical blueprint |
When you are a potential investor or ordinary user and want to understand what a project does, you should read its white paper.
When you are a blockchain developer or researcher and want to understand the underlying technical details of a project and contribute code, you should study its yellow paper (if it has one).
2025-09-26 Kasplex Smart Contract Launch
This is Kaspa's first L2 smart contract.
You can view and access L2 smart contracts here: https://kas.fyi/l2-networks
2025-10-05 Mainnet Stress Test
(1). Test Situation and Results
In the 24 hours from UTC
2025-10-05 00:00:00to2025-10-06 00:00:00, Kaspa organized a mainnet stress test.TPS was maintained at over two thousand for a long time, completing over 158 million transactions in total. The mainnet ran stably, and transfers had no delay.

(2). Discussion on Discord

(3). Discussion on X
(4). Performance Comparison with Solana
In August 2025, Solana achieved a 24-hour record transaction volume: 100 million transactions (100M)
In September 2025, Solana processed over 90 million transactions in one day, with real TPS at over one thousand, known as the Fastest Chain
Conclusion
Kaspa is now capable of handling transaction volumes comparable to the Solana ecosystem in terms of performance.
2025-10-11 Crypto Market 10.11 Event
At around 5 AM Beijing time on October 11, due to the US-China trade war, the crypto market suddenly experienced a flash crash and massive liquidations. Many exchanges experienced lagging and inability to stop losses. The total liquidation amount reached $19.2 billion, a historical high.
Kaspa also fell from 0.07 to 0.009 within tens of minutes, then rebounded to around 0.05. Many people were liquidated.

During this event, some unethical behavior by a certain exchange caused significant repercussions and controversy in the industry:
Lesson
Stay away from futures contracts, only invest with spare money.
2025-11-26 Block Explorer kaspa.stream Launch
Block Explorer can query details of blocks, addresses, transactions, as well as the current status of the entire project.
Author: https://x.com/supertypo_kas
Reference information: https://x.com/supertypo_kas/status/1993372952247910803
Tips
Another commonly used Kaspa block explorer is: https://kas.fyi/
2025-12-14 Block Explorer kas.fyi Shutdown
Due to high operating costs and dissatisfaction with a community KRC20 event (kas.fyi refused to add information about an obviously hype/scam meme coin, which caused some people to attack kas.fyi, believing that a data platform should not do censorship). kas.fyi author CryptoK decided to take https://kas.fyi offline and deleted his Twitter account (https://x.com/cryptok777) and the kas.fyi official Twitter account.
Yonatan's Response to This Matter
Regarding kas.fyi: unfortunately owner was somewhat burnt by previous community interactions around a certain krc20 issue, and is no longer interested in receiving support, instead insists on selling (price is legit, it's his efforts, but we can fund a dev for a full year with same budget).
Our plan B is to fund Alex (KIP16 author) to help fill the gap kas.fyi created - whether he does so via a new platform or through existing ones, we discussed, but I'll leave to him to communicate. There is clear value in redundant explorer infra, and afaik both existing ones use kaspa.org api.
I want to reiterate: if you have created infra for Kaspa that is already used and loved, and serves as a public good, we* will find sources to fund you. Please message me before you are burnt out and want to exit and sell - rather when you are still committed to project and just need some kas support and a nudge of deserved recognition for your efforts. But again pls refer to the beginning of this paragraph and comprehend the context of this.
I want to thank kas.fyi for his enduring contribution. I'm sorry that my offer to support came too late, when you were already looking to exit. I hope you reconsider.
Chinese translation:
关于 kas.fyi 平台:遗憾的是,该平台所有者曾在某起 KRC20 相关事件的社区互动中受挫,如今已无意再接受社区支持,执意要将平台出售。(平心而论,这个报价契合他为平台付出的心血,但我们用同等预算本可以资助一名开发者全职工作一整年。)
我们的备选方案是,资助 KIP16 协议的作者 Alex 来填补 kas.fyi 停运后留下的空白。我们已就此讨论过相关方案 —— 无论是由他开发一个全新平台,还是基于现有平台进行功能拓展,具体细节将由他本人向社区公布。区块链浏览器这类基础设施的冗余性建设具有重要价值,而且据我所知,目前社区现有的两款浏览器均基于 kaspa.org 的官方接口运行。
在此我想重申:如果你为 Kaspa 生态开发的基础设施已投入使用并获得社区认可,且具备公共产品属性,我们定会为你协调资金支持。请务必在你心力交瘁、萌生退意并打算出售项目之前联系我 —— 最好是在你仍对项目满怀热忱、只是需要一些 Kaspa 代币支持,以及希望自己的付出得到应有的认可之时。但再次提醒,请务必结合本段开头的前提条件,理解这一资助承诺的适用场景。
最后,我要感谢 kas.fyi 长期以来为社区做出的贡献。很抱歉,我提出的支持提议来得太迟,彼时你已决心退场。但愿你能重新考虑。
Now, https://kas.fyi redirects to another blockchain explorer: https://kaspa.stream/
kas.fyi was the earliest and most popular Kaspa block explorer and had significant influence in the Kaspa community. The shutdown of kas.fyi is a very regrettable event.

Other information:
2025-12-24 Huobi HTX Lists Kaspa
You can now buy Kaspa on Huobi.
2025-12-28 k-social Launch
https://k-social.network/ is a social network similar to Weibo and Twitter.
All message sending and personal information updates are Kaspa transactions. All information is on-chain. True Web 3.0.

Translation:
In any case, the K network has the following mitigation measures (the K network gives users data autonomy through the following ways):
Personal Indexer: You can run your own personal indexer node, and unwanted data will be automatically filtered or deleted locally.
Public Indexer: The operators of public indexers manage their own databases. This means that if they wish, they can also clear any unwanted data in their databases.
You can view the community-developed K indexer example repository (https://github.com/thesheepcat/K-indexer/tree/master?tab=readme-ov-file), which already provides related tools.
The key point is: in a decentralized network like K, it's not that "no one manages it," but that "management rights are completely given to users"—you have complete autonomy over your data and nodes.
This is its most important feature!
Appendix:
Project source code and usage instructions:
Other information: