The rise of Kaspa was well deserved, because the crypto project managed to cut a niche by attacking some of the most difficult problems of the blockchain. Unlike many new blockchains, Kaspa has proven its ability to achieve ambitious goals, regardless of their complexity.
While the first Kaspa holders experienced substantial growth, they are now starting to turn their attention to a new project: 1Fuel ($ oft).
How does Kaspa work?
At the heart of Kaspa’s feat is the Ghostdag Protocol (Gouritiage Greedy Hide Rosed Subtree Acky Graph). This protocol allows Kaspa to add blocks in parallel, which is different from the linear method used by most evidence of evidence of work. Thus, Kaspa can effectively solve the problems of scalability and transaction speed of the blockchain industry without compromising security and decentralization.
Kaspa was initially avoided and relegated, but seeing his protocol operating in a transparent manner convinced many many people to join technology. 1Fuel is another new platform for the blockchain industry, and its basic proposal to be a decentralized one-shop shop for all cryptocurrency activities ravit Kaspa investors.
Cryptography prohibition in China
The foray of China in the cryptocurrency industry is sad. A nation once at the forefront of the global adoption of cryptography and praised to direct world adoption has suddenly truncated this great advantage.
China was once a center for bitcoin extraction and cryptographic trading. The country’s first cryptocurrency story took place in 2011, through the BTC China.
Before most of the world knew Bitcoin, China had already accepted it for payments via Baidu and Bitmain in 2013 and 2014.
However, the Chinese government is wary of this innovation and began to express its disapproval. The reasons were not eccentric. The Yuan is a closely controlled currency, and Bitcoin could disrupt the Chinese financial system, giving citizens more freedom.
The first repression concerned the ICOs (initial offers of parts) in 2017. In 2021, it was clear that the cryptography industry would not survive, because all the activities related to crypto were prohibited. Even the promotion of an activity related to the crypto could lead to a prison sentence.
While the ban has sent shock waves in the cryptography industry, Chinese crypto activities have not stopped. Most Chinese investors have innovated through virtual private networks, decentralized exchanges such as 1fuel and over -the -counter trades.
Kaspa investors believe that the decentralized 1Fuel solution can become a Chinese sensation while protecting the identity of its users.
What is 1fuel bring to the cryptography market?
1Fuel (OFT) is at the intersection of any crypto. It is decentralized, easy to use and focused on the community.
Its unique transversal functionality, its military quality security and its click solution are defined to revolutionize how cryptocurrency is stored and exchanged.
1Fuel offers traders a transparent solution by eliminating the need for separate wallets for different cryptocurrencies, which can be stored in a single portfolio. This simplifies the fragmentation that often afflicts the cryptography market.
The growing demand of 1Fuel is obvious because its preventing has raised more than $ 1.6 million in three stages. Currently, in the third stage, each token is at a price of $ 0.017, with more than 50% of the tokens already sold. This strong interest highlights the anticipation surrounding its next exchange of exchange.
Investing in 1Fuel (OFT) at its current price is considered a strategic decision for those who seek to be part of a new exciting development in the crypto space.
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