Key facts:
KRC-20 tokens allow users to create their own projects on the Kaspa network.
In the first 24 hours, this new project racked up nearly $4 million in paid fees.
Following the launch of the tokens KRC-20 from Kaspa (KAS) in its mainnet (mainnet), miner earnings skyrocketed over the next 24 hours.
The growth of activity on-chain determined the increase in profits in Kaspa mining. This information was detailed in a Kasplex postthe first protocol DeFi of this network.
There it was reported that in the first 24 hours of the launch of the tokens KRC-20 saw nearly 22 million KAS in fees paid, which was equivalent to nearly $4 million. Moreover, the number of transactions in this period exceeded 13 million.
Why did Kaspa miners’ income increase?
This advancement means that in Kaspa users will be able to create and manage their tokens within the network, similar to what happens with ERC-20 standards in Ethereum (ETH).
Standards of this type facilitate insertion tokens that can interact with other applications and smart contracts on a chain. In turn, the tokens KRC-20 allows developers and Kaspa users to create their own digital assets, dAppscryptocurrencies, or tokenized representations of goods.
This means that more projects can build on the Kaspa network. For miners, this launch is especially beneficial because activity on the network increases as these new tokens are created and transferred. tokens. When the network has more transactions, miners earn more in fees for processing them..
Furthermore, as the network becomes more widely used, it ensures that demand for block space will grow, potentially increasing transaction fees and generating more profits for miners.
Regarding these increasing profits, the pool Cryptocurrency mining company WoolyPooly made a post on its X account, in which He detailed how the rewards in KAS in the last hours«.
«Kaspa has launched its tokens KRC-20 on the main network, allowing the creation and management of tokens similar to standards on platforms like Ethereum ETH . Mining revenues have skyrocketed.»
WoolyPooly, pool of cryptocurrencies.
For example, this pool He pointed out in his publication that the block identified with the ID 90105662 gave the miner a reward of 441,501 KAS, almost 74 dollars, with an effort of 1%, indicating that it was a relatively easy block to mine compared to others.
These statistics indicate an active ecosystem with a constant flow of rewards, which is driving miner earnings on the Kaspa network.
Recently, CriptoNoticias reported that Kaspa, along with Dogecoin (DOGE) and bitcoin (BTC), dominate the market for cryptoassets based on the Proof of Work protocol (or in English, Proof of Work, PoV).
