KAS/USD (0.9%)
The Kaspa network runs on the first blockDAG in the world. This digital ledger affords the KAS token a few unique advantages, including lightning-fast payments. Kaspa is a creation by industry pioneers, who left the project in the hands of the people.
It means that Kaspa is 100% community-driven. The project sits on the foundational ethos of leading coins like Monero, Bitcoin, and Litecoin. Kaspa offers web and desktop wallets that deliver a user-friendly experience. The coin is available for trading on several crypto exchanges.
A Bit About Kaspa
Kaspa (KAS) is a fully open-source cryptocurrency that operates on a proof-of-work basis. It veers off the traditional blockchain design by incorporating the GHOSTDAG protocol. This system enables the coexistence of blocks. By allowing the creation of more per second than on a conventional blockchain, the network maintains high block rates. Presently, the system sustains a block per second.
The implication of this design is that the confirmation time for transactions is minuscule. In a world where slow transaction speeds hinder mass adoption of digital currencies, reducing this timeframe is a big win for the industry. The GHOSTDAG white paper is a good resource to learn more about the technology.
Kaspa is the fastest, open-source, decentralized & fully scalable Layer-1 in the world.CryptoLists.com
Yonatan Sompolinsky, a computer science engineer, created Kaspa (KAS). The coin's vision is to have a Nakamoto-like system that runs as fast as the internet allows. It aims to be better than the original Bitcoin blockchain while maintaining the core principles. Kaspa is designed to offer more worth as a payment alternative than the legacy cryptocurrency, which works better as a store of value. Kaspa launched in 2021 without an initial coin offering (ICO). Therefore, the value gained since then is through mining, which speaks to the network's success as a proof-of-work system.
The use of blockDAG to run the KAS token is more energy efficient than the traditional network. Because the system doesn't waste computation by segregating blocks, it saves power and boosts usability. Kaspa has a market capitalization of $2.3 billion and a circulating supply of 22.53 bullion KAS. The maximum supply is 28.7 billion. As of this February 2024, Kaspa's price is $0.100707. The highest price ever achieved is $0.154015.
Utility of Kaspa?
What features make Kaspa worth investing in?
Security
When it comes to the safety of transactions, expect the same measures on the Kaspa network that Bitcoin employs. The biggest difference is that Kaspa uses kHeavyHash for encryption as opposed to SHA-256. Why does this alteration matter? Kaspa's encryption builds on SHA-256 by including a weighting function. A strong network of miners helps protect transactions by validating and signing them. Kaspa is permissionless and fully decentralized, allowing everyone to secure the system.
Fast Transactions
One reason Kaspa grasps the attention of crypto enthusiasts is its reduction of transaction speeds. Traditional virtual coins like Bitcoin and Ethereum struggle to provide fast payments. Their linear blockchains limit how many transactions are processed. The Kaspa network fixes this design flaw with the innovative blockDAG. This system facilitates the creation of multiple blocks per second, hence splashing the time it takes to confirm transactions.
Scalability
Inherently, a majority of conventional blockchains have scalability issues. You might have experienced slower transactions on some systems when the ledger has an influx of users. Kaspa's blockDAG structure solves this problem. With approximately a block built each second, the system has the resources to accommodate an increase in traffic. The network can take in many users over a short period without the risk of congestion.
Instant Confirmation
With enhanced speeds comes the advantage of instant confirmation. After completing a transaction on a blockchain, the record joins a specific block. The transaction requires validation by a collection of nodes.
It's how the system verifies legitimate transactions. This process can take time if the blockchain has bottlenecks. BlockDAG allows publishing in one second, with confirmation taking 10 seconds or less. Kaspa promises that as it upgrades the network, this duration will be shorter.
Kaspa Price details
›› KAS tokenomics and social media
Advantages of Kaspa
+ KAS is 100% open-source, decentralized and community-managed, guaranteeing fairness.+ The use of a blockDAG allows for faster transactions than with most coins.
+ Combining GhostDAG and proof-of-work creates a highly secure network.
+ Kaspa has experienced a steadily increasing popularity since its launch.
+ As a community project, Kaspa gives users significant freedom.
Disadvantages
- Kaspa is still a relatively new coin that is not widely supported.- The coin is not readily available at leading crypto exchanges.
- KAS is highly volatile, making it risky as an investment.
- The GhostDAG protocol used to create Kaspa is still under development.
- Withdrawal fees can be high on some exchanges.
Costs
▪ Rated at 9.5/10The fees associated with Kaspa transactions are low, which is part of the coin's appeal. You can pay an average of $0.0001 per transaction. Unlike most other virtual currencies, you don't have to worry about this cost fluctuating too much with the traffic.
Apart from the transaction fee, you must also consider deposit and withdrawal charges at a crypto exchange. While deposits are mainly free, you can pay up to $3 to withdraw Kaspa. Trading fees are between 0.1% and 0.2%.
Reputation and Buzz
▪ Reputation rated at 9/10▪ Buzz rated at 9/10
Kaspa benefits from an active community that is quick to drum up op attention for the network. The project has a solid team of developers and other creators who strive to fulfill its mission.
Kaspa has communities all over the world and engages members through events. The news section on Kaspa's website highlights the project's different milestones.
If you are considering acquiring Kaspa (KAS), then read the articles. Kaspa is a reputable brand that continues to build credibility in the cryptocurrency space. It tries to do something different and give crypto users a better blockchain.
FAQ
Is Kaspa (KAS) a legitimate cryptocurrency?
Yes. The coin had a publicly declared launch. It provides details about its creation, founder, and performance on the market. You can learn about the network's developers and its mission as well.
How is Kaspa (KAS) different from Bitcoin?
The coin has its foundation in Bitcoin's blockchain. However, it improves on the technology through blockDAG to eliminate the existing flaws. The Kaspa network is safer, faster and more scalable than most traditional systems.
Should I invest in Kaspa?
The decision to invest in any cryptocurrency should be well thought out and research-based. Kaspa has had a good run since it launched and shows great potential. Nonetheless, learn how the network works and its utilities to see if it suits your risk tolerance.
History of Kaspa
November 2021 - A publicly declared fair launch of Kaspa (KAS) takes place. It has no premiere (ICO) or allocated coins.
November 2022 - CoinEX lists Kaspa, providing asset holders with more trading options. The exchange supports KAS deposits and withdrawals.
August 2023 - NOWPayments, a crypto payment gateway that offers API solutions for digital currencies, integrates with Kaspa (KAS). This move is a step closer to making decentralized payments a practical alternative.
Screenshots from Kaspa
More sites where to buy/sell/trade Kaspa
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this coin. Click on the logo to read our review.
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