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Despite its amazing performance in the bear market, Kaspa is actually a baby compared to the big layer 1s that it’s looking to outcompete. And the reason is that Kaspa is missing a layer 2 component. There are no Dapps or smart contract functionalities. Now the plan is to eventually bring these layer 2 features to the network, but there was no indication of their progress on this, until now. The Kaspa team announced the creation of something called the Kaspa Ecosystem Foundation, which supports the Kaspa project through funding and resources.
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DISCLAIMER: All of the information presented is strictly for educational and entertainment purposes, nothing should be taken as legal or financial advice. The video content represents the opinions and experiences of the speaker (Summer). Investments in both crypto-related and real world assets pose a certain degree of risk and this content will never suggest or recommend any type of investments. Please do you own research and asses your personal situation before making any financial decisions.
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