So given how this sub only shills coins that already are in the billions of market cap, I thought I'd share some research I've done on a microcap coin I believe has a lot of potential. BTW not a shill, I've been active here for years. Joined crypto in 2018. I'm just giving my opinion, you can do what you want.

The coin is Kaspa (KAS), see their website: https://kaspa.org/

What is Kaspa?

Kaspa is a proof of work cryptocurrency which implements a scalable generalization of the Nakamoto consensus. You can see the paper: https://eprint.iacr.org/2018/104.pdf. The author of this paper who also created Kaspa was cited by Vitalik Buterin in the Ethereum whitepaper for some work he did which eventually evolved into that paper. He is currently doing a post doc at Harvard.

Basically this coin relies upon the same security principles of Bitcoin does but can scale much better. This is due to them ordering transactions in a special type of DAG called GHOSTDAG as opposed to a linear chain like in Bitcoin. This allows for massive throughput while remaining as secure as Bitcoin, in theory. It allows for orphan blocks to coexist. Again, the paper has more specific details on why it is as secure.

Each Kaspa transaction takes around a second to get one confirmation and fully confirms within 10 seconds. There is a code rewrite taking place which is expected to be done in a few months and that will increase the blocks per second (currently at 1 block/sec), take the confirmation times much lower, and allow even more throughput (anywhere from 4-32x). It will also lay the ground for smart contracts.

Tokenomics

Launched November 7, 2021 to the public. No premine, no VC money, nothing. It follows the ideals of coins like Bitcoin and Monero. Which also means the code is all open-source, and there is no foundation or "insiders" even potential exchange listings are discussed freely in the Discord. Literally, no one can rug you. The whole project is community run so anyone can do what they want.

The creator of this project recently presented an upgrade to the coin at UC Berkeley among some of the brightest minds in the space.

In my opinion, this is the greatest potential proof of work cryptocurrency you can have. The research here took many many years to formulate and I can see this coin doing very well in the future as it is by far the most scalable proof of work L1 currently in existence. Recent price action also suggests that people are starting to realize that too.

I'm sorry for posting this because I know literally nothing about crypto and had no idea where to ask this. I tried to get into crypto but am not in a financial position to be investing at the moment. I was watching a video about how currency was based on a debt system. Not an expert so won't go into it but it was explaining how the dollar was basically a silver or gold certificate that said that it could be used or was worth that amount in silver and gold. It had me thinking could we make a coin that was based on that idea? So each coin acts as a gram of silver or gold. We would buy he physical silver and gold with the persons investment and it would act as an old fashion silver certificate. It may be dumb and I have no idea how to implement this on either the creation of the coin and all the little things that would come of it to make it work but I thought it would be a good idea. Give me some feedback because I would like to know your opinion on this. I know this is dumb but thanks for reading.

https://cointelegraph.com/news/reserve-rights-rsr-builds-momentum-ahead-of-its-long-awaited-mainnet-launch
https://research.binance.com/en/projects/reserve-rights

Reserve Rights (RSR) is the utility token of the Reserve Protocol, a stablecoin platform on Ethereum. The Reserve Protocol comprises a dual token model: the RSR utility token and the RSV stablecoin backed by a basket of assets as collateral.

As the value of the collateral tokens may be volatile, when the marketcap of collateral tokens the platform holds is not sufficient to back up the marketcap of the RSV stablecoin in a 1:1 fashion, the platform will mint more RSR tokens and use them to purchase more collateral assets on secondary markets.

Conversely, when there are excess collateral tokens on the platform, the excess will be used to buy back RSR tokens on secondary markets, which will be subsequently burnt.

Reserve's stability mechanism depends on arbitrage activities by users. For instance, when the price of RSV falls to 0.95:1.00 against the USD, in secondary markets, users can purchase 100 RSV priced at 0.95 USD per token on exchanges, and redeem these tokens on the Reserve platform for collateral tokens worth 100 USD. If the price of 1 RSV goes above 1 USD, users can purchase RSV on the Reserve platform and sell on exchanges for a profit.

Has anyone heard of this project? Will this be LUNA 3.0 or it can go off and be better than the previous algorithmic stable coins? What do you think of their choice of collateral and peg mechanism through arbitrage?

PS: Not paid or related to this project in any way. I don't even have any RSR tokens. I just find it curious that another algorithmic stablecoin is trying to launch themselves up.

I was dusted by this contract early this morning by this contract

https://etherscan.io/address/0x3d238344a2ae66376a26300a58a4921b98d9640b

Looks like they sent around 100 transactions to thousands of addresses, this appears to be the wallet that initiated the transactions:

https://etherscan.io/address/0x3af4788ade7a75b90c0d8f59017f3ef56b51b84e

Was anyone else hit by this?

First things first, I'm not here to express my opinion on the value of ETHW (ETH PoW), whether it's undervalued or overvalued – do your own research. All I know is – free stuff is free stuff!

Now that Ethereum successfully switched to PoS. The ETH blockchain was forked into Ethereum Proof of Stake, which is recognized as the legit blockchain by VB, the majority of devs and ecosystem, and Ethereum Proof of Work.

If you held ETH in your wallet, it was successfully merged to Proof of Stake, you didn't have to do anything. Also, now you should have been airdropped the equivalent amount of ETHW. All you have to do is add the new chain to Metamask to access it.

Let’s try setting up your metamask.

Go to Setting, Networks and then click on the “Add a Network” on the bottom.

In the window that opens next, paste the following information

· Network name — ETHW-mainnet

· New RPC URL — https://mainnet.ethereumpow.org

· Chain ID — 10001

· Currency symbol — ETHW

· Block Explorer URL — https://mainnet.ethwscan.com

(Or, if you don't trust me, google "how to add ETHW to metamask" and check the info above)

That's it. You've added the Ethereum Proof of Work blockchain to your Metamask.

I don't know the future and can't tell you if it's going to be more expensive or have any value for that matter – all experts are here in the comments! So, as always, it's up to you what to do with your free ETHW.

But if you were looking for a way to get some cash for the freebie right now, there are a number of centralized exchanges that have listed ETHW. The main ones are Kraken, Gate, MEXC and FTX.

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