What is Kaspa (KAS)? What it is, Pros and Cons, FAQs
With impressive growth, the Layer 1 Proof of Work blockchain project Kaspa has attracted attention as its token price has increased more than 10 times in the past 7 months.
So, what is Kaspa? What makes this project special that it has grown so rapidly? Let’s delve deeper into this Layer 1 Proof of Work project using blockDAG model with AZCoin in the following article.
Kaspa is an impressive blockchain project that combines Proof of Work with the GHOSTDAG protocol, creating unique features that set it apart in the cryptocurrency market. The GHOSTDAG protocol allows blocks to coexist and participate in the consensus process simultaneously, making Kaspa a blockDAG-oriented blockchain, a progressive development from Nakamoto‘s consensus mechanism.
This method ensures system security, maintains high block processing speeds, and minimizes confirmation times. If you are interested in blockchain structure and performance, Kaspa is a promising blockchain to explore.
Additionally, Kaspa’s blockchain features Reachability, allowing querying of the blockDAG graph topology, along with data pruning on blocks and SPV Simple Payment Verification verification. This not only optimizes performance but also opens up possibilities for supporting subnetworks in the future.
Kaspa KAS is not just cryptocurrency, but also a promising Layer 1 platform that facilitates the deployment of Layer 2 solutions. With its combination of security, speed, and advanced features, Kaspa is reshaping how users perceive the cryptocurrency market.
The Kaspa project operates on the Proof of Work consensus mechanism and utilizes the kHeavyhash algorithm. This choice is based on its compatibility with Photonic mining machines. Through this algorithm, Kaspa ensures not only security but also optimizes performance when using the latest mining devices.
Kaspa’s tokenomics is unique, gradually reducing emissions following a geometric model based on the 12-note musical scale, known as the chromatic phase. This model does not depend on block speed but rather on the number of tokens created per second. If Kaspa adjusts block speed in the future, rewards will be automatically adjusted to maintain a constant emission rate.
The goal of the Kaspa project is to achieve protection through the Proof of Work mechanism of mining machines to safeguard the integrity of the system. This demonstrates Kaspa’s commitment to maintaining a safe and stable operating environment, especially in the increasingly complex cryptocurrency market landscape.
Kaspa’s blockDAG model, with fast block speed, has facilitated decentralization in the mining process and encourages efficient solo mining, even at low hash rates.
Launched in November 2021, Kaspa started off fair, with no pre-mined tokens, no pre-sale, and no token distribution prior to launch. This project is completely decentralized, open-source, and community-managed.
The maximum supply of Kaspa coins is 28.7 billion tokens, and according to the emission schedule, this ratio decreases once a year through monthly adjustments at a rate of (1/2)^(1/12). This ensures a stable token supply, creating conditions for a sustainable economic system.
Currently, you can buy KAS token on various Centralized Exchanges (CEX) such as Bybit, OKX, Bitget, KuCoin, and MEXC. The process of purchase is similar to BTC, XRP, DOGE,… To read reviews of cryptocurrency exchanges, you can visit the best crypto exchanges 2024 page on the website.
You can store KAS tokens on Kaspa’s wallet called Kaspium, which is now available on the App Store.
Initially, Kaspa was created by DAGLabs research and development company, with investment from Polychain Capital. However, interestingly, Kaspa has evolved into a community-managed project, without any centralized control or business model.
Yonatan Sompolinsky, the creator of Kaspas, is a PhD researcher at Harvard University and part of the MEV Research Team. He has made significant contributions to the blockchain industry, particularly with his research paper on the Ghost protocol in 2013, which was referenced in the Ethereum whitepaper.
Based on the article from AZCoin, it is evident that the Kaspa project is not just a Layer 1 blockchain using Proof of Work mechanism, but an opportunity to participate in an advanced platform with unique features. Just like any investment deal, make sure to read the Evaluation Process page for your effective investing.
Tôi là Tony Vu, sinh sống tại bang Califonia, Hoa Kỳ. Tôi hiện đang là đồng sáng lập công ty AZCoin, với kinh nghiệm nhiều năm trên thị trường tiền điện tử, tôi hy vọng sẽ mang lại cho bạn những thông tin kiến thức hữu ích về đầu tư tiền ảo.
Email: vusinh@azcoin.com
This post was last modified on 1 Tháng Bảy 2024 05:34
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