A proof-of-work altcoin, Kaspa (KAS), has defied the recent market downturn, surging by 25% this week.
Upcoming Token Standard Launch
The surge is attributed to the upcoming launch of Kasplex, a protocol for the Kaspa ecosystem. Kasplex will introduce the KRC-20 token standard and support NFTs on the Kaspa network.
Kasplex Protocol
According to the Kasplex whitepaper, the protocol is designed to avoid negative effects on Kaspa. It provides a simple approach to data insertion, an open-source indexer, and APIs for seamless interaction.
Benefits for Developers
Kasplex enables developers, artists, and influencers to create, manage, and transfer digital assets on the Kaspa network efficiently and securely. This fosters innovation and growth within the Kaspa ecosystem.
