Progress Report July 2024: Kaspa and Bitcoin Cash Updates

adminAugust 5, 2024

July Work Progress Report

Kaspa Minimum Payout Value Update

Due to the recent impressive growth of Kaspa’s market price, which has increased 5x in the past year, we have had to lower the minimum payout value of the KASPA pool. This change aims to facilitate more frequent and accessible payouts to miners in line with the increased liquidity and market activity of Kaspa.

KASPA(KAS) Payment: 50 KAS
Bitcoin (BTC) Payment: Equivalent to 50 KAS
In case of Toncoin (TON) payment: equivalent to 100 KAS

Bitcoin Cash Node Update

We have updated our Bitcoin Cash Node to version 27.1.0, which includes several improvements to improve performance and security. This update aligns with our commitment to full node security requirements by removing the BIP70 payment protocol from the node wallet. Users who require BIP70 can continue to use other popular BCH wallets such as Electron-Cash and Bitcoin.com.

This release includes performance improvements and minor configuration and command line arguments fixes to keep your network robust and efficient.

Block Reward Reduction

Pyrin (PYI) Reward Reduction

According to the PYRIN EMISSION SCHEDULE, Pyrin’s block reward has been reduced from 13.21 PYI to 12.47 PYI. This adjustment reflects the ongoing token economics strategy to ensure the long-term viability of the Pyrin network.

Reduced compensation for Carlsen (KLS)

Karlsen Coin According to Tokenomics and EMISSION SCHEDULE, Karlsen’s block reward has been reduced from 42.78 KLS to 41.60 KLS. This change is essential to maintain economic balance within the network.

KASPA(KAS) Compensation Reduction

The KASPA EMISSION SCHEDULE mandates a reduction in the block reward from 103.82 KAS to 97.99 KAS. This update is part of a planned adjustment to control inflation and encourage healthy network growth.

Any reward changes will be updated in the mining calculator on 2CryptoCalc to help miners readjust their mining strategies accordingly.