TL;DR 

• Kaspa core developer, Michael Sutton explains vProgs as tiny based rollups with sovereignty. 

• Yonatan shares thoughts on shielding. He believes dapp sovereignty is the way to achieve sovereignty as it is better than L2 rollups, and Kaspa has not operated on archival nodes thus far. Also, He encourages us to think of the spectrum between privacy and DeFi., which is notoriously transparent 

• @KaspaIntern describes the major energy players at the Dii Desert Energy Summit

• The Kaspa Kii presentation at the Dii Desert Energy Leadership summit describes multiple pilots running on Kaspa that can revolutionize the energy space. 

Michael Sutton Returns to XXIM to Discuss vProgs — Must Watch

Michael Sutton returned to the XXIM Podcast with host Ankit to discuss an innovative Kaspa-native architecture called vProgs. vProgs utilize validity-proof (ZK) technology to create a unified, one-dimensional space of programs that can synchronously compose atomic transactions involving multiple state accounts across different applications. Unlike many existing models, vProgs preserve program sovereignty—each program remains an independent unit—while still being able to talk to each other via a shared sequencer on Kaspa Layer 1 (L1), which handles ordering and verification.

A core design choice is the idea of tiny, based rollups anchored to Kaspa L1. Kaspa L1 does not execute program logic or maintain L2 state. Instead, it provides sequencing, data availability, and settlement by verifying validity proofs submitted by L2 vProgs. This maintains trust in a single, censorship-resistant consensus, rather than a patchwork of external sequencers, while still allowing for deterministic atomic composability across a fragmented state space.

Synchronous composability is achieved through a canonical order of transactions, which provides a global view of the state at every point in time. Programs can communicate asynchronously using proofs attesting to their state transitions, but thanks to the single L1 sequencer, they can also participate in atomic, cross-program transactions when needed.

​Sutton introduces computational Directed Acyclic Graphs (DAGs) as the model for representing how program states evolve and depend on one another. These DAGs describe which accounts and programs each transaction reads from and writes to. Kaspa L1 tracks this computational DAG and uses it to (1) limit the computational scope each program must execute for composability, and (2) regulate throughput and gas so no single vProg is forced to compute the entire system, preserving sovereignty and resource isolation.

​Proof frequency is another key lever. More frequent validity proofs "compress" dependency chains, preventing the network from degenerating into one giant, entangled computation where every program must re-execute everyone else's history. Sutton explains that there are strong economic incentives for vProg developers and provers to submit proofs regularly, since cheaper composability and higher throughput translate into more usage and fees.

​He also addresses the idea of a "vProg of vProgs," arguing that in a unified vProg space where all programs and their code are globally available for trustless execution, artificial nesting or grouping is mostly redundant. The security model assumes an open program space, data availability, and L1-regulated computational costs, rather than siloed or hidden contract groups.

​Finally, Sutton frames vProgs as an infrastructure template rather than a single VM choice: different vProgs can pick different virtual machines and stacks, while still plugging into the same protocol and sequencer. The long-term vision is a synchronous, scalable, sovereign program environment on Kaspa—with unified liquidity and seamless atomic cross-program transactions—without sacrificing the independence of each application.

​Yonatan Posts on Shielding

​On November 12, 2025, Yonatan shared his key insights on shielding — the blend of privacy and confidentiality in blockchain transactions:

First, shielding on Kaspa - Shielding could be added to Kaspa with a future zk_opcode upgrade, but a fully shielded base layer isn’t scalable because the shielded state history can’t be pruned. Nodes need to keep this data to generate valid spend proofs. While Kaspa’s layer 1 avoids reliance on archival nodes, individual shielded applications could choose to use them and adjust their own throughput, gas, and storage limits. This highlights the importance of dapp autonomy, where each app controls its tradeoffs independently of the base layer.

Second, a sovereign money perspective -Yonatan argues that privacy is better achieved through dapp-level control rather than L2 rollups. Shielding can work alongside features like smart wallets, social recovery, inheritance triggers, and transaction limits—all part of user-friendly self-custody tools.

Lastly, shielding vs. DeFi - There is a fundamental tension between shielding and DeFi: while DeFi depends on transparency and composability, shielding obscures both transaction details and transactors. As a result, shielded finance typically moves away from open composability toward more private and internalized trading environments.

​KaspaIntern’s Recap of the Dii Energy Summit

​Angel Reyes (@KaspaIntern on X.com), representing global advisory firm LehmanBush, attended the 15th Dii Desert Energy Leadership Summit in Dubai—an event co-organized by the United Arab Emirates government and focused on the future of energy trading, infrastructure, and the rise of AI-driven data centers in the region.

​On day two, H.E. Eng. Sharif Salim Al-Olama, the UAE’s Undersecretary of Energy and Petroleum Affairs, officially opened the gathering. Kaspa KII board member Rory O’Neill delivered the keynote, “Kaspa’s BlockDAG Technology: Solving the Blockchain Trilemma,” showcasing Kaspa’s technical edge and live pilot projects already integrating Kaspa into energy markets.

​One of Angel’s most striking observations was the scale of the participants: energy and industrial leaders representing trillions of dollars in combined market value, managing over 700 gigawatts of global capacity in nuclear, solar, wind, and gas. Standouts included State Grid SGCC (~$500B in annual revenue), EDF Group (~140B USD), and ADNOC (~90B USD).

​Reyes stressed that Kaspa was introduced not as a speculative crypto asset, but as next-generation infrastructure for energy settlement, industrial automation, and impending AI-powered systems.

He wrote:

​“If even a fraction of that energy infrastructure’s trade flows were settled using Kaspa’s digital infrastructure as a carrier, it would represent a groundbreaking integration of decentralized finance into the global energy market, adding unprecedented speed and transparency to energy settlement and trade.”

​This underscores the growing collaboration between the Kaspa community and Fortune-500 level industry giants to revolutionize the future of energy markets.

​Highlighting the long-term impact, Angel concluded:

​“I’m convinced Kaspa is a powerhouse of innovation, research, and revolutionary tech that will impact the world. But when this tech meets industrial players who’ve spent centuries building the backbone of global infrastructure… that’s when the impact becomes exponential.”

Kaspa Kii “Kaspa’s BlockDAG Technology: Solving the Blockchain Trilemma” Presentation

​Kaspa Kii was front and center at the Dii Desert Energy Annual Summit. The Kaspa KII presentation, "Kaspa's BlockDAG Technology: Solving the Blockchain Trilemma", shared on November 6th, spotlights the Kaspa Industrial Initiative (KII) and its ambitious vision for integrating Kaspa's advanced blockDAG

Yonatan <> Zooko

A notable exchange took place on X  between Zooko Wilcox, founder of Zcash, and Dr. Yonatan Sompolinsky, founder of Kaspa. The conversation highlighted growing mutual respect between two of the most technically rigorous Proof-of-Work communities.

​Zooko began by praising Zcash's recent surge, attributing it to strong fundamentals, noting:

"Only 21M ZEC will ever exist," Yonatan added a broader industry observation, suggesting that crypto users are looking for real builders again:

"Bitcoin development is more stagnant than ever… crypto blood [is] looking for hardcore communities with more productive energy. Zcash is doing a great job filling that void."

​Zooko responded warmly and acknowledged Yonatan's long-standing contributions to PoW research:

​"I've always loved your PoW DAG ideas… I try to keep a little awareness of current Kaspa development."

​Yonatan wrapped the exchange with a nod to Kaspa's vision—and a bit of humor:

​"Kaspa dev should stay true to its north star of being the most impatient Bitcoin… upgrade 10→100 bps and ship DAGKNIGHT — but people keep bugging me to convert into Zaspa :)"

​The dialogue underscores an important point: the leaders behind two of the most credible PoW ecosystems openly recognize each other's work, and both communities share a commitment to technical excellence, permissionless settlement, and decentralization.

Kasmixer Beta 

Kaspa Funding has integrated a new "trustless CoinJoin" mechanism into its Mixer project, expanding privacy options for the Kaspa community. The Kaspa Mixer Standalone Edition is a full desktop solution that operates entirely on your own machine, letting users control their privacy without relying on any third-party servers. It provides both traditional multi-hop mixing sessions and decentralized CoinJoin transactions, enabling ten participants to combine funds securely while keeping private keys local and never shared.

​Users can choose a sleek Electron-based graphical interface or a comprehensive command-line environment, depending on their preferences and skill level. The software handles tasks such as automated UTXO management, strict enforcement of equal inputs and outputs, network retry protection, and live CoinJoin coordination via WebSocket.

Daniel Keller, Flux CEO, Deploys 300 New Flux Kaspa Nodes for the Next Five Years

​As part of the initiative to reach 1,000 Kaspa nodes for its 4th birthday, Flux CEO Daniel Keller has deployed more than 300 new Flux-based Kaspa nodes. In a post on X, Keller described the move as his donation to the Kaspa team and foundation, pledging to keep the nodes running for the next five years.

This major contribution underscores the shared vision between the Kaspa and Flux communities to strengthen decentralized infrastructure. Keller invited others to participate through RunOnFlux.

MARA is still holding KAS 

Marathon Digital Holdings (MARA) is a leading digital asset technology company specializing in large-scale cryptocurrency mining, with a primary focus on the Bitcoin ecosystem. Based in Florida and publicly traded, MARA operates advanced mining facilities and develops innovative solutions to optimize energy use and data center efficiency.

According to MARA's latest digital asset disclosure, the company continues to hold a substantial position in Kaspa (KAS). As of December 31, 2024, MARA held 34,817,098 KAS with a reported cost basis of 5,624 and a fair value of 4,327 (in thousands of USD). This demonstrates ongoing institutional confidence in Kaspa alongside their major Bitcoin holdings and highlights KAS's growing recognition on major mining and crypto balance sheets.

BGIN Acquires 235M KAS

BGIN has drawn attention in the digital asset space after securing 235 million Kaspa (KAS), making it the largest Nasdaq-listed holder of the asset. The purchase, at an average price of approximately 0.14 per KAS, marks a significant commitment to the network's long-term potential and reflects the broader rise of institutional interest in decentralized technologies.

In addition to its investment activities, BGIN develops and manufactures mining machines under the ICERIVER brand, including models designed explicitly for Kaspa. The company reports that in its first year, it sold nearly 68,000 ICERIVER Kaspa units, establishing an early footprint in the mining hardware market.

BGIN became a publicly traded company on the Nasdaq on October 21, 2025, and later marked the listing with a bell-ringing ceremony on November 13, 2025.

Gate.IO is Not Wallet #1

Gate has now publicly confirmed that Kaspa’s largest wallet (wallet #1, N4uk5a) is neither owned nor managed by their platform. This announcement confirms earlier speculation that the top KAS holder is not Gate, but an independent entity accumulating large amounts of Kaspa—mostly through OTC purchases originating from Gate and possibly other exchanges. The reasons for this sustained accumulation remain unclear, but it suggests strong confidence in Kaspa’s long-term prospects within the ecosystem.

Zealous Swap (ZEAL) is Listed on MEXC 

Zealous Swap’s ZEAL token has officially launched on the MEXC exchange as of November 15, 2025. To celebrate, MEXC is hosting a major airdrop campaign, giving away 2,083,333 ZEAL tokens and 25,000 USDT to users who complete specific tasks. These tasks include depositing 100+ USD of fiat or crypto, reaching 100+ USD in total spot trading, 500+ USD in total futures trading, and maintaining daily futures volume above 10,000 USD. All cryptocurrencies and fiat deposits qualify. This MEXC event runs from November 14–21, 2025, with rewards distributed 10 days after it ends.

In addition to the MEXC-hosted event, Zealous Swap also conducted its own, separate, official ZEAL airdrop, with the snapshot taking place on November 15, 2025, at 16:00 UTC.

Kasia Broadcasting

Kasia, the decentralized and encrypted messaging platform built on Kaspa, has launched exciting new broadcasting features. Users can now subscribe to the “kaspa-price” and “global-weather-alerts” broadcasts, which refresh every 15 minutes and deliver timely updates right on the platform. Huge thanks to @auzghosty for developing this cool new feature—follow them for the latest Kasia updates and innovations!

Kurncy Wallet Update

Now available on the Apple App Store and Google Play, Kurncy Wallet has released update v1.1.8. Kurncy is the first wallet to run fully on the Rusty Kaspa codebase, providing all the security features inherent to Rust. This update adds a Change Address option for enhanced privacy and allows users to compound UTXOs. There’s also a new feature to prioritize payments for a small extra fee. The refreshed design looks great, and the transaction process is instant. Congratulations to the Kurncy team.

Spectre Market Live on Igra Testnet

Spectre Market has officially launched on Kaspa’s Igra Labs Layer-2 testnet, introducing the network’s first NFT marketplace. Built for both creators and collectors, Spectre lets users deploy, mint, buy, sell, and stake NFTs with ease. Creators can set custom royalties of up to 5 percent, while NFT holders earn passive income by staking their assets. Each collection automatically channels a small share of marketplace fees into its staking pool, rewarding ecosystem-wide engagement.

Testing is open now, so connect to Igra, claim the faucet on the site, and explore the full marketplace flow.

Kaspa Taking Over London - Yonatan Keynote Speaker

Dr. Yonatan Sompolinsky will be a keynote speaker at TOKENIZE: LDN, where Kaspa is also a Gold Sponsor. The event takes place December 2–3 at ExCeL London, bringing together 5,000+ attendees, 100+ exhibitors, and 140+ speakers from across the blockchain industry. Visit the Kaspa Ecosystem Foundation at Booth G50, alongside major sponsors such as the Bank of London and Hewlett-Packard.

General admission is free, or you can upgrade to an all-access pass for £599 + VAT.

The Kaspa community will also host two special events:

• Kaspa Brunch at Wolfy’s Bar — Sunday, November 30, 11:00 AM – 2:00 PM, co-hosted by @KaspaQueen.

• Kaspa After Party at Wolfy’s Bar — December 2, 6:00–10:00 PM, featuring networking, community discussions, and gourmet food.

If you’re attending TOKENIZE: LDN, these are must-visit gatherings for anyone in the Kaspa ecosystem.