{"id":44055,"date":"2022-12-19T13:55:30","date_gmt":"2022-12-19T13:55:30","guid":{"rendered":"https:\/\/kaspa.org\/?p=44055"},"modified":"2023-02-24T14:17:41","modified_gmt":"2023-02-24T14:17:41","slug":"dagknight-protocol-community-crowdfund","status":"publish","type":"post","link":"https:\/\/kaspa.org\/dagknight-protocol-community-crowdfund\/","title":{"rendered":"DAGKnight Protocol Community CrowdFund"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_margin=&#8221;-40px|auto||auto||&#8221; custom_padding=&#8221;0px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.20.0&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<pre><code>[donation_balance]<\/code><\/pre>\n<p>We are excited to announce the opening of a pool to raise funds for the implementation of the DAGKnight protocol!<\/p>\n<p>The pool address is: <a href=\"https:\/\/explorer.kaspa.org\/addresses\/kaspa:ppk66xua7nmq8elv3eglfet0xxcfuks835xdgsm5jlymjhazyu6h5ac62l4ey\">kaspa:ppk66xua7nmq8elv3eglfet0xxcfuks835xdgsm5jlymjhazyu6h5ac62l4ey<\/a><\/p>\n<p>See <a href=\"https:\/\/explorer.kaspa.org\/addresses\/kaspa:ppk66xua7nmq8elv3eglfet0xxcfuks835xdgsm5jlymjhazyu6h5ac62l4ey\">here<\/a> for the current balance.<\/p>\n<p><strong>What will it give Kaspa?<\/strong><br \/>DAGKnight (DK) is a new consensus protocol that achieves responsiveness &#8211; a WORLD FIRST &#8211; it reacts to the actual network delay, unlike every other coin including our current GHOSTDAG protocol). Incredibly, it retains a 50%-byzantine tolerance, so it is faster and more secure than GHOSTDAG. In a nutshell,\u00a0DAGKnight will make Kaspa:<\/p>\n<p>1) require less confirmations to be provably secure;<\/p>\n<p>2) intrinsically scale as internet speeds increase, basically as the internet gets faster over the next decades with more fiber optic cables etc, Kaspa will scale with this, without any hard fork interventions.<\/p>\n<p>This will make our coin literally the Ultimate L1 PoW coin in existence.<\/p>\n<p><strong>Why 70M?<\/strong><br \/>It is unreasonable to expect a senior software engineer\\contributor to work a short-term horizon for the same compensation they would receive in a permanent position which would include benefits etc. Consider we are funding 2 of the most incredibly gifted and professional crypto minds of the current decade, already intimately versed and fluent with all of the intricate components of Kaspa &#8211; working nearly one-year full time, implementing the paramount version of the consensus protocol. Normally funding this from a VC would require millions of USD. Can you feel how extremely bullish it is that they are asking to be paid in $KAS, not $BTC, not $USDC!?<\/p>\n<p><strong>How much to donate?<\/strong><br \/>The requested amount is ~0.5% of the total (current) supply. Unfortunately, not everyone will donate for many reasons, the most common would be that survival instinct we have all come to know of as greed \ud83d\ude42 It&#8217;s\u00a0counter-intuitive to get more by giving some away \u2013 just ask any squirrel who is out collecting nuts. But in the case of Kaspa, we are fortunate that the nuts don\u2019t stay nuts \u2013 thanks to software, they can change. Imagine you have 50 regular cars. You have an opportunity to give one car away, which will make the 49 you have left turn into race cars! Now, who would say no to that!? You actually may be able to tell your grandchildren that \u201cyou helped bring the crypto standard to life that\u2019s still in use today!&#8221;<\/p>\n<p>We&#8217;d like to draw special attention to the fact that if we want to collect 0.5% of the current supply, each one of Kaspa holders should donate 0.5% of what they currently have, but since not everyone will donate, each donor is kindly asked to consider donating 1% to 2% of his possessions. For those who would prefer USDT donations we still have the following USDT addresses (all funds collected there are to be used to market buy Kaspa ASAP with the following transfer to the DK fund):<br \/>BEP-20 (BNB): <a href=\"https:\/\/bscscan.com\/address\/0x4235Af707A48C9c2911490D886C22BCf2aff1899\">0x4235Af707A48C9c2911490D886C22BCf2aff1899<\/a><br \/>TRC-20 (Tron): <a href=\"https:\/\/tronscan.org\/#\/address\/TEXGfGoNKdGiSQT8ji2uZXLSeY5tuM91JE\">TEXGfGoNKdGiSQT8ji2uZXLSeY5tuM91JE<\/a><br \/>Ethereum (Eth native, USDT, USDC and other tokens on ERC-20 network) and Matic (native and tokens) chains address: <a href=\"https:\/\/etherscan.io\/address\/0xeE21f574482213B14c21074a9f532041D8149fa3\">0xeE21f574482213B14c21074a9f532041D8149fa3<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.19.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.19.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_button button_url=&#8221;https:\/\/t.co\/HnjyWrbOMO&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;DAG KNIGHT White Paper 2022&#8243; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.17.1&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;23px&#8221; button_use_icon=&#8221;off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; button_bg_color__hover_enabled=&#8221;on|hover&#8221; button_bg_color__hover=&#8221;#33c4ac&#8221; button_bg_enable_color__hover=&#8221;on&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[donation_balance] We are excited to announce the opening of a pool to raise funds for the implementation of the DAGKnight protocol! The pool address is: kaspa:ppk66xua7nmq8elv3eglfet0xxcfuks835xdgsm5jlymjhazyu6h5ac62l4ey See here for the current balance. What will it give Kaspa?DAGKnight (DK) is a new consensus protocol that achieves responsiveness &#8211; a WORLD FIRST &#8211; it reacts to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<div class=\"message-2CShn3 cozyMessage-1DWF9U mentioned-Tre-dv groupStart-3Mlgv1 wrapper-30-Nkg cozy-VmLDNB zalgo-26OfGz\" tabindex=\"-1\" role=\"article\" data-list-item-id=\"chat-messages___chat-messages-1054005695210602516\" aria-setsize=\"-1\" aria-roledescription=\"Message\" aria-labelledby=\"message-username-1054005695210602516 uid_1 message-content-1054005695210602516 message-accessories-1054005695210602516 uid_2 message-timestamp-1054005695210602516\" aria-describedby=\"uid_3 message-reactions-1054005695210602516\">\r\n<div class=\"contents-2MsGLg\">\r\n<div id=\"message-content-1054005695210602516\" class=\"markup-eYLPri messageContent-2t3eCI\">We are excited to announce the opening of a pool to raise funds for the implementation of the DAGKnight protocol! (see voting)<\/div>\r\n<div><\/div>\r\n<div class=\"markup-eYLPri messageContent-2t3eCI\">The pool address is:<\/div>\r\n<div class=\"markup-eYLPri messageContent-2t3eCI\">kaspa:ppk66xua7nmq8elv3eglfet0xxcfuks835xdgsm5jlymjhazyu6h5ac62l4ey<\/div>\r\n<div>This is a Kaspa explorer for a DAG overview. You can query addresses, blocks and transactions.<\/div>\r\n<div class=\"markup-eYLPri messageContent-2t3eCI\"><a class=\"anchor-1MIwyf anchorUnderlineOnHover-2qPutX embedTitleLink-1QbYA- embedLink-1TLNja embedTitle-2n1pEb\" tabindex=\"0\" role=\"button\" href=\"https:\/\/explorer.kaspa.org\/addresses\/kaspa:ppk66xua7nmq8elv3eglfet0xxcfuks835xdgsm5jlymjhazyu6h5ac62l4ey\" target=\"_blank\" rel=\"noreferrer noopener\">Kaspa explorer<\/a><\/div>\r\n<div><\/div>\r\n<div class=\"markup-eYLPri messageContent-2t3eCI\"><strong>What will it give Kaspa?<\/strong><\/div>\r\n<div class=\"markup-eYLPri messageContent-2t3eCI\">DAGKnight (DK) is a new consensus protocol that achieves responsiveness - a WORLD FIRST - it reacts to the actual network delay, unlike every other coin including our current GHOSTDAG protocol). Incredibly, it retains a 50%-byzantine tolerance, so it is faster and more secure than GHOSTDAG. In a nutshell <em>(thanks <span class=\"mention wrapper-1ZcZW- mention interactive\" tabindex=\"0\" role=\"button\" aria-expanded=\"false\">@jwj<\/span> for the wording)<\/em> DAGKnight will make Kaspa: 1) require fewer confirmations to be provably secure; 2) intrinsically scale as internet speeds increase, basically as the internet gets faster over the next decades with more fibre optic cables etc, Kaspa will scale with this, without any hard fork interventions. This will make our coin literally the Ultimate L1 PoW coin in existence.<\/div>\r\n<\/div>\r\n<div id=\"message-accessories-1054005695210602516\" class=\"container-2sjPya\"><article class=\"embedWrapper-1MtIDg embedFull-1HGV2S embed-hKpSrO markup-eYLPri\" aria-hidden=\"false\">\r\n<div class=\"gridContainer-1cF_Ic\">\r\n<div class=\"grid-1aWVsE\">\r\n<div class=\"embedDescription-1DrJxZ embedMargin-2PsaQ4\"><\/div>\r\n<\/div>\r\n<\/div>\r\n<\/article>\r\n<div id=\"message-reactions-1054005695210602516\" class=\"reactions-3ryImn\" role=\"group\">\r\n<div>\r\n<div class=\"reaction-3vwAF2\">\r\n<div class=\"reactionInner-YJjOtT\" tabindex=\"0\" role=\"button\" aria-expanded=\"false\" aria-label=\"\ud83d\udd25, 114 reactions, press to react\" aria-pressed=\"false\"><\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<div class=\"contents-2MsGLg\">\r\n<div id=\"message-content-1054005752412512296\" class=\"markup-eYLPri messageContent-2t3eCI\"><strong>Why 70M?<\/strong>\r\nIt is unreasonable to expect a senior software engineercontributor to work a short-term horizon for the same compensation they would receive in a permanent position which would include benefits etc. Consider we are funding 2 of the most incredibly gifted and professional crypto minds of the current decade, already intimately versed and fluent with all of the intricate components of Kaspa - working nearly one-year full time, implementing the paramount version of the consensus protocol. Normally funding this from a VC would require millions of USD. Can you feel how extremely bullish it is that they are asking to be paid in $KAS, not $BTC, not $USDC!?<\/div>\r\n<div><\/div>\r\n<div class=\"markup-eYLPri messageContent-2t3eCI\"><strong>How much to donate?<\/strong>\r\nThe requested amount is ~0.5% of the total (current) supply. Unfortunately, not everyone will donate for many reasons, the most common would be that survival instinct we have all come to know of as greed :) It's\u00a0counter-intuitive to get more by giving some away \u2013 just ask any squirrel who is out collecting nuts. But in the case of Kaspa, we are fortunate that the nuts don\u2019t stay nuts \u2013 thanks to software, they can change. Imagine you have 50 regular cars. You have an opportunity to give one car away, which will make the 49 you have left turn into race cars! Now, who would say no to that!?!? You actually may be able to tell your grandchildren that \u201cyou helped bring the crypto standard to life that\u2019s still in use today!<\/div>\r\n<div><\/div>\r\n<\/div>\r\n<div><em>We'd like to draw a special attention to the fact the if we want to collect 0.5% of the current supply, each one of Kaspa holders should donate 0.5% of what they currently have, but since not everyone will donate, each donor is kindly asked to consider donating 1% to 2% of his possessions (speaking of which I can PM my personal donation details to anyone by request). For those who would prefer USDT donations we still have the following USDT addresses (all funds collected there are to be used to market buy Kaspa ASAP with the following transfer to the DK fund):<\/em><\/div>\r\n<div><strong>BEP-20 (BNB):<\/strong> <code class=\"inline\">0x4235Af707A48C9c2911490D886C22BCf2aff1899<\/code><\/div>\r\n<div><strong>TRC-20 (Tron):<\/strong> <code class=\"inline\">TEXGfGoNKdGiSQT8ji2uZXLSeY5tuM91JE<\/code><\/div>\r\n<div><strong>Ethereum (Eth native, USDT, USDC and other tokens on ERC-20 network) and Matic (native and tokens) chains address<\/strong>: <code class=\"inline\">0xeE21f574482213B14c21074a9f532041D8149fa3<\/code><\/div>\r\n<\/div>","_et_gb_content_width":"","inline_featured_image":false},"categories":[27],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DAGKnight Protocol Community CrowdFund - Kaspa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kaspa.org\/dagknight-protocol-community-crowdfund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAGKnight Protocol Community CrowdFund - 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