9.9 C
London
Tuesday, April 16, 2024

What Is Kaspa (KAS)? Complete Guide & Review About Kaspa

- Advertisement -
binance 728x90 banner

What Is Kaspa (KAS)?

Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The blockchain is actually a blockDAG.

This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.

The Kaspa Coin implementation includes a lot of cool features such as Reachability to query the DAG’s topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.

Important Points Table Of Kaspa

BasicPoints
Coin NameKaspa
Short NameKAS
Circulating Supply8.57B KAS
ExplorerClick Here To View
DocumentationView Document
WebsiteClick Here To Visit

How to Buy the Continental & Trade On Exchange?

First Step

Buying KAS Is Very Easy Task . Just Find Exchange Where KAS Available & Buy Through Your Credit & Other Altcoin .

Second Step

Once You Purchased KAS. Now It Is Time To Store Your KAS Or Start Trading On Exchange .

KAS Price Live Data

The live Kaspa price today is $0.000186 USD with a 24-hour trading volume of $40,823.51 USD. They update KAS to USD price in real-time. This is up 0.00% in the last 24 hours. The current CoinMarketCap ranking is #4559, with a live market cap of not available. The circulating supply is not available and a max. supply of 28,376,234,058 KAS coins.

Who Are the Founders of Kaspa?

Kaspa was envisioned by R&D company DAGLabs, through investment by PolyChain.

Nonetheless, Kaspa is a community project, completely open source, no central governance, and no business model.

The founder is Yonatan Sompolinsky, Postdoc CS at Harvard University on the MEV Research Team.

Yonatan’s 2013 paper on Ghost protocol is cited in the Ethereum Whitepaper.

Kaspa Coin core developers and contributors include Cryptography Doctoral student Shai Wyborski, CS Master Michael Sutton, Cryptography researcher Elichai Turkel, and Developer Ori Newman – all of whom contributed immensely to the implementation and stabilization of the network.

Is there a Kaspa wallet?

At the moment, Kaspa does not have a GUI wallet. The codebase contains a CLI wallet which requires a full node to operate. Want to help us create a GUI wallet? Contact us on Discord server! You might even gain some bounties.

What Makes Kaspa Unique?

Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by proof-of-work environments. They current main net operates at 1 block per second. Down the road, core developers and researchers will work on stretching the capability to the limits—think 10 or even 100 blocks per second.

Kaspa Coin also includes a unique monetary policy which decreases emissions geometrically over time based on the 12-note scale of music. Known as the chromatic phase – this policy activated May 7th 2022 with a block reward of 440 KAS. The block reward will be halved once per year, but smoothly: every month, the block reward is reduced by a factor of (1/2)^(1/12).

This means that the ratio of block rewards in consecutive months is exactly the same as the ratio of frequencies of two consecutive semitones in a tempered chromatic scale. The initial block reward is the frequency of the note A4, and every averaged year is hence called an octave.

Here, a year (or an octave) is 365.25 days, and a month (or semitone) is exactly one 12th of a year. Note that the policy dictates how many coins are minted per second regardless of the block rate. Should we change the block rate in the future, the reward will be adjusted accordingly to maintain the same emission rate.

How can get Kaspa?

There are currently three ways to obtain Kaspa:

  • Mining: You can join the efforts by setting up a mining node, see instructions here and more detailed instruction for Windows users here.
  • Bounties: A lot of community members offer bounties for people who contribute to the community and ecosphere by running servers, writing toturials, etc.. Check out the bounties channel in Discord server.
  • Trading: Kaspa has not been listed on any exchanges yet, however, there is a trading channel in Discord server.

How Many Kaspa (KAS) Coins Are There in Circulation?

There are around 8.5 billion KAS in circulation as of June 2022.

How Is the Kaspa Network Secured?

Kaspa network is secured by miners through Proof of Work and uses an algo known as k-Heavyhash.

Heavyhash was chosen for forward-compatibility with Photonic miners when they become available.

- Advertisement -

Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

LATEST PR
- Advertisement -binance
Related Articles