Kaspa Miners could soon power a new kind of stablecoin
The developers have revealed the technical specs of the first native proof-of-work-based digital dollar,
@KaspaDollar.
A decentralized oracle supported by
@Kaspaunchained $KAS miners and driven by KIP-21 sequencing commitments guarantees dollar parity.
Price feed data will be stored in the proof-of-work block space. This way, developers guarantee an uncensorable oracle and an extra stream of income for miners.
This is just a design for now, and users can visit the protocol's website to learn more.