Technical specifications for Kaspa Dollar describe a stablecoin design that would use proof-of-work infrastructure and assign KAS miners a role in maintaining the dollar peg. The proposed oracle would rely on KIP-21 sequencing commitments, with price feed information recorded in proof-of-work block space. Developers state the oracle would be resistant to censorship and provide miners with additional revenue beyond standard block rewards.
The proposal remains in the design phase, with no launch date announced. Kaspa is a proof-of-work network using the GHOSTDAG protocol that launched in November 2021 and runs at 10 blocks per second. Questions about oracle security, peg stability during volatility, and implementation timeline have not been addressed. Full specifications are available on the protocol website.
Read the full story on BSC News: Kaspa Dollar Stablecoin Design Uses Proof-of-Work Oracle Supported by KAS Miners
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