Convex is a better version of Kaspa?
First, the founder of Convex was the first CTO of Ocean Protocol, which is one of the biggest decentralized AI narrative on the market.
Convex is not really a blockchain. However, it has a consensus algorithm for a p2p economic system. It use a lattice to store a variety of data format, a bit like MongoDB. When it comes to databases, there are many different solutions in the industry to solve different problems. SQL-type are optimized to store sequential data like time series, MongoDB to store unstructured documents, Neo4J to store data such as google maps, airlines routes, facebook social graph, etc. Most blockchains are designed to store sequential data for asset transactions which are mostly time series data. It stand to reason that different types of decentralized file storage are needed, Filecoin, Arweave, Jackal, and a few others have optimized differently, but convex brings something different. With Convex, you could have a "block" that is a hashmap, while another is a graph data structure, while another is a video binary, etc.
Next, is speed, it can pump up to ~120K TX per seconds, 2X faster than Solana. With a time to finality below 1 second. This makes it very interesting to Decentralized AI and possibly graph neural networks.
There is a compute layer for smart contract using Clojure, a popular functional programming language.
I spoke with the team, and I don't want to miss out on this one. Show Less
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