WagLayla - Wagpaper
Phantom GhostWAG Protocol
A Scalable Generalization of Nakamoto Consensus
September 25th, 2024
I. Introduction
Over the last few years, GPU mining has had a lot of highs and lows. This year, however, with all the recent launches of Kaspa forks, GPU mining has been on the ropes. We all got the firehose of premined hack and slash projects that launched every few weeks. Several times this year, two-three GPU mineable coins launched within a 24–48-hour window. Just looking back on it all, it was exhausting trying to keep up. After spending several weeks on vacation at the WALA House, we decided enough was enough...
Waglayla was born!
Here are the top six reasons to mine WagLayla:
- Core Algo Mix based on Kaspa, Karlsen & Pyrin
- Community Driven/Sourced
- No Premine
- No Devfee
- No Presale
- No Burning
II. Consensus & GhostWAG Protocol
Proof-of-Work (POW) is a decentralized consensus protocol that can be handled securely in a peer-to-peer network without requiring any trusted third parties. It solves the difficulty of Byzantine general problem in an open network where miners can generate arbitrary identities (also called a Sybil attack) to compete for the next generated blocks by solving a random hash puzzle. In order to avoid a Sybil attack, POW is used to force the miners to have and run predefined computational resources. Additionally, POW protects the security of the blockchain from the longest chain attacks. Unfortunately, POW requires a large amount of energy especially with such algorithms as XELISHASH, ETHASH or KAWPOW but fortunately thanks to KASPA the power requirements are 1/3-3/4 less.
Kaspa is a blockchain network that utilizes a POW consensus mechanism and employs the GHOSTDAG protocol for its ledger. It provides fast and scalable transactions with instant confirmations, ensuring security and decentralization, and its wallet is praised for its user-friendliness and security features. GhostDAG stands for "Greedy Heaviest Observed Sub-Tree Directed Acyclic Graph." GhostDAG allows for much faster transactions by processing them simultaneously. This is a gamechanger for scalability and transaction speed. Even better, Kaspa achieves this without sacrificing security, making it a robust solution for various blockchain applications.
III. Mining
Mining started with Bitcoin leveraging CPUs to secure the network. Back in 2010, GPUs could mine Bitcoin for the first time. In 2013, Field-Programmable Gate Arrays (FPGAs) and Application-Specific Integrated Circuits (ASICs) arrived as new technologies to mine Bitcoin.
Today there are hundreds of different coins you can mine and they are based on core, memory or hybrid mining algorithms. The most common hardware mining implementation path for core algorithms-based coins to take is CPU, GPU, FPGA, and then ASIC. Kaspa followed this track and WagLayla will follow a similar path starting with GPUs and eventually FPGAs will come online once a bitstream has been developed. ASIC adoption on WagLayla will most likely never happen, but anything is possible. WagLayla will give you peace of mind so setup your mining hardware and relax just like in the KAS & ETH days...
IV. Algorithm
KHeavyhash is an algorithm that combines key derivation and advanced hashing techniques. The primary characteristic of KHeavyhash is its memory-intensive mining algorithm, which takes its security and functionality to the next level. Karlsenhash is the designated mining algorithm for Karlsen, a cryptocurrency that champions GPU and CPU mining capabilities. As a fork of Kaspa, Karlsen inherits a similar algorithmic foundation, yet it carves its niche by emphasizing the processing power of the GPU's core over its memory capacity. Pyrinhash is the innovative mining algorithm at the core of Pyrin (PYI), a decentralized cryptocurrency that is a fork of Kaspa.
Kaspa - kHeavyHash = keccak -> matrix multiplication -> keccak
Karlsen - Karlsenhash = blake3 -> matrix multiplication -> keccak
Pyrin - Pyrinhash = blake3 -> matrix multiplication -> blake3
Instead of creating our own algorithm from scratch or modifying Kaspa’s algorithm KHeavyhash, we decided to take a deep dive into all of the Kaspa Forks. Every single Kaspa fork came from Kaspa, Pyrin, or Karlsen, so by taking the algorithms used to create each one, we combined them all to create our own algorithm: WALAHASH.
WagLayla – Walahash = blake3 -> sha3 -> matrix -> blake3
V. Conclusion
Cryptocurrency mining has changed a lot over the years with the major shift to FPGAs and ASICs. GPU mining has a very low barrier for entry in terms of investment capital. It is relatively easy technically for anyone to GPU mine. Gamers all over the world were GPU mining Ethereum because of how profitable it was. The GPU mining industry deserves and needs to have a coin like WagLayla when profitability has been at or near break-even for the last few years.
Join the WagLayla Community and together we will make GPU mining extraordinary and enjoyable again!