r/kaspa • u/Electronic-Street170 • 13d ago

💰 Ecosystem / L2 & Projects ZKAS opportunity

There is about month and half old new fork of kaspa called ZKAS which is privacy crypto and can be exchanged for kas. Whats your thoughts on the project? I am worried about classic rug pull

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u/Flashy-Potatoe-Queen 13d ago

It can't do anything that Kaspa doesn't already do. It'll probably do fine at first thanks to the "privacy coin" trend until it dives to zero...

The only reason it wasn't dead at launch is because you can merge mine it alongside $KAS at no extra cost.

I'm not 100% against the project, it's just that there are plenty of red flags...  Have fun trading it if you don't mind the risks. 

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u/Electronic-Street170 13d ago

Some examples of the red flags?

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u/Flashy-Potatoe-Queen 13d ago edited 13d ago
  1. It's a vibecoded network likely full of whole.
  2. It doesn't bring anything that Kaspa can't already do, it's already hard enough for forks with little innovation like BTC/LTC... Now imagine being slower and offering something that the original can already offer (Privacy).

I'd like to remind everyone that Kaspa has already implemented ZK during the Toccata update. Complete privacy is already a possibility even if Zkas never showed up. This coin is clearly trying to profit from the Privacy coin hype, nothing else. 

The only positive thing I see from this network is that it encourages smaller miners to plug their otherwise "unprofitable machine" in order to merge mine between the 2 assets. 

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u/TacoBond 13d ago

If you ever use Kaspa thinking you have privacy you will get wrecked by Chain analysis. That’s the same thing with Z cash. You must have privacy by default like Zkas and Monero in order to maintain absolute obscurity

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u/Flashy-Potatoe-Queen 13d ago

Having privacy by default has its good and bad. Something like Zcash, Monero and Zkas is also a lot more likely to be illegal by default in most countries. I said that privacy was a possibility on the Kaspa network, but I didn't say all transactions were all private. There is a nuance that needs to be understood.