Kaspa (KAS) 不是下一个比特币 (BTC)

比特币大学的 Matthew Crats 在几天前发布的 YouTube 视频中探讨了 Kaspa (KAS) 是否可能成为下一个比特币。

Matthew Crats, a presenter from Bitcoin University, recently uploaded a video to YouTube where he explores the possibility of Kaspa (KAS) becoming the next Bitcoin (BTC). He begins by outlining a methodology for analyzing cryptocurrencies, which he believes can be applied to Kaspa and any other digital asset.

比特币大学的演讲者 Matthew Crats 最近在 YouTube 上上传了一段视频，探讨了 Kaspa (KAS) 成为下一个比特币 (BTC) 的可能性。他首先概述了一种分析加密货币的方法，他认为该方法可以应用于 Kaspa 和任何其他数字资产。

Ranked 24th by market capitalization and positioned between ICP (Internet Computer) and Pepe, Kaspa is a blockchain that implements a protocol called GhostDAG, which is essentially a generalization of the Nakamoto consensus.

Kaspa 按市值排名第 24 位，位于 ICP（互联网计算机）和 Pepe 之间，它是一个实现名为 GhostDAG 的协议的区块链，该协议本质上是中本聪共识的概括。

Unlike traditional blockchains, Kaspa’s blockDAG orders all blocks in parallel within the consensus, enabling high block rates, instant transactions, and scalability without compromising security. The protocol is based on a paper written by Kaspa’s founder, Yonatan Sionski.

与传统区块链不同，Kaspa 的 blockDAG 在共识内并行排序所有区块，从而在不影响安全性的情况下实现高区块率、即时交易和可扩展性。该协议基于 Kaspa 创始人 Yonatan Sionski 撰写的一篇论文。

Among the advantages of Kaspa are the facts that it was pre-mined and did not have any initial token allocation, unlike Ethereum and Cardano. The cryptocurrency also runs on a proof-of-work consensus mechanism and has a fixed maximum supply, similar to Bitcoin.

Kaspa 的优点之一是它是预先开采的，并且与以太坊和卡尔达诺不同，没有任何初始代币分配。该加密货币还运行在工作量证明共识机制上，并具有固定的最大供应量，类似于比特币。

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Kaspa’s maximum supply is 28.7 billion coins, which is significantly higher than Bitcoin’s 21 million coins, making it appear cheaper per unit.

Kaspa 的最大供应量为 287 亿枚硬币，明显高于比特币的 2100 万枚硬币，使其单位显得更便宜。

Some Concerns About Kaspa

关于 Kaspa 的一些担忧

Despite these advantages, the presenter also raises some concerns about Kaspa. One issue is that Sionski, the founder of Kaspa, is actively present on Twitter and sometimes makes posts that could be considered controversial.

尽管有这些优点，主持人也对 Kaspa 提出了一些担忧。一个问题是 Kaspa 创始人 Sionski 活跃在 Twitter 上，有时会发布可能被认为有争议的帖子。

Another concern is that the development team of Kaspa appears to be predominantly Israeli, which raises questions about the decentralization of the project and potential biases. Additionally, the founder’s public stance on the Israel-Palestine conflict might deter certain user groups from engaging with the blockchain.

另一个担忧是 Kaspa 的开发团队似乎主要是以色列人，这引发了对该项目的权力下放和潜在偏见的质疑。此外，创始人对以色列-巴勒斯坦冲突的公开立场可能会阻止某些用户群体参与区块链。

While Kaspa claims to solve the blockchain trilemma (involving security, scalability, and decentralization), Crats has a slightly different perspective on this matter. He believes that if Kaspa were to succeed globally, it may face challenges in maintaining decentralization due to the requirement for massive archival nodes.

虽然 Kaspa 声称要解决区块链的三难困境（涉及安全性、可扩展性和去中心化），但 Crats 对此事的看法略有不同。他认为，如果Kaspa要在全球范围内取得成功，由于需要大量的归档节点，它可能会在维持去中心化方面面临挑战。

However, in the interest of fairness, Crats assumes that Kaspa’s GhostDAG is as effective as claimed.

然而，为了公平起见，Crats 假设 Kaspa 的 GhostDAG 与声称的一样有效。

Kaspa vs Bitcoin: Why KAS Is Not the Next BTC

Kaspa 与比特币：为什么 KAS 不是下一个 BTC

Bitcoin has an anonymous and absent founder in Satoshi Nakamoto, which provides neutrality and decentralized trust.

比特币有一位匿名且缺席的创始人中本聪，它提供了中立性和去中心化的信任。

Kaspa’s faster issuance schedule (with most coins to be mined by 2026) contrasts with Bitcoin’s slow, organic growth.

Kaspa 更快的发行计划（大多数代币将于 2026 年开采）与比特币缓慢的有机增长形成鲜明对比。

Bitcoin’s initial period began with curiosity, leading to organic global distribution and adoption, while Kaspa is attempting to accelerate this path.

比特币的最初阶段始于好奇心，导致了有机的全球分布和采用，而 Kaspa 正试图加速这条道路。

The Kaspa community often asserts that Kaspa is not a competitor to Bitcoin but rather complements it, analogously to silver in relation to gold. However, Crats argues that all money ultimately competes, and Bitcoin’s established network effects and global integration present formidable challenges.

Kaspa 社区经常声称 Kaspa 不是比特币的竞争对手，而是比特币的补充，类似于白银与黄金的关系。然而，Crats 认为，所有货币最终都会竞争，比特币已建立的网络效应和全球一体化带来了巨大的挑战。

Bitcoin has also proven its resilience over time, being battle-tested and integrated into the global financial system, while Kaspa, being newer and less tested, has yet to demonstrate the same level of resilience.

随着时间的推移，比特币也证明了其弹性，经过了战斗考验并融入了全球金融体系，而 Kaspa 较新且测试较少，尚未表现出相同水平的弹性。

Despite Kaspa’s innovations, it faces challenges competing with Bitcoin’s established dominance, network effects, and global trust, which are evident in its role within financial systems, geopolitical influence, and market capitalization.

尽管 Kaspa 进行了创新，但它仍面临着与比特币既定的主导地位、网络效应和全球信任竞争的挑战，这些挑战在其在金融体系、地缘政治影响力和市值中的作用中显而易见。

Crats suggests that while Kaspa may outperform Bitcoin in the short term, the longer-term trends favor Bitcoin.

Crats 表示，虽然 Kaspa 短期内的表现可能优于比特币，但长期趋势有利于比特币。

While Kaspa introduces some technological innovations and has certain advantages, it faces significant challenges in competing with Bitcoin’s established dominance, network effects, and global trust.

虽然 Kaspa 引入了一些技术创新并具有一定的优势，但它在与比特币既定的主导地位、网络效应和全球信任竞争方面面临着重大挑战。

Crats ultimately recommends focusing on Bitcoin due to its proven resilience and established position, encouraging viewers to hold BTC and avoid being distracted by new cryptocurrencies promising to outperform Bitcoin.

Crats 最终建议关注比特币，因为它具有经过验证的弹性和既定的地位，鼓励观众持有比特币，避免被有望超越比特币的新加密货币分散注意力。

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Captain 刚刚在众多 2-5 次中完成了他的第一个 100 次。想成为盈利社区的一部分吗？加入我们的免费 Telegram 群组即可接听我们未来的所有电话。