
Kaspa KASPrice $ 0.102
Rank: 40
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What is Kaspa (KAS)?
Kaspa is the fastest, open-source, decentralized & fully scalable Layer-1 in the world. The world’s first blockDAG- a digital ledger enabling parallel blocks and instant transaction confirmation, built on a robust proof-of-work engine with rapid single-second block intervals. The Kaspa implementation includes a lot of cool features and subprotocols including 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.
Kaspa key features:
- Fastest Transactions. Kaspa’s blockDAG network generates multiple blocks every second for posting transactions to the ledger. Combined with 10 second confirmation times makes Kaspa ideal for everyday transactions.
- Instant Confirmation. Kaspa was designed to be hundreds of times faster than Bitcoin, with each Kaspa Transaction visable to the network in 1 second, and each transaction fully confirmed in 10 seconds on average.
- Scalability. Kaspa solves the scalability problem with its ability to generate and confirm multiple blocks per second. This comes with no trade-off of security and decentralization as seen with Proof-of-Stake networks.
- Efficient Proof-of-Work. Kaspa utilizes the optical-mining-ready kHeavyHash algorithm for consensus and security of the network. This algorithm, combined with high-throughput DAG and no-wasted-blocks, makes it less energy intensive than other PoW networks.
- Security. Kaspa harnesses an ultra secure block network with no compromise to decentralization. Achieved with pure stake-less, proof-of-work combined with a revolutionary GhostDag Consensus mechanism.
- BlockDAG. Overcoming the problem of blockchains, Kaspa processes all blocks in parallel linking all side-chains. This leads to a dag structure that increases the formation of blocks per second drastically, creating a blockDAG.
Kaspa Price Today
Kaspa's current price is $ 0.102, it has increased +7% over the past 24 hours.
Kaspa's All Time High (ATH) of $ 0.207 was reached on 31 Jul 2024, and is currently -50.7% down.
The current circulating supply of Kaspa is 26.08 Billions coins, and the maximum supply of Kaspa is 28.70 Billions.
Kaspa’s 24 hour trading volume is $ 70.93 Million.
Kaspa (KAS) operates on its own blockchain and can be minted.
Kaspa's current share of the entire cryptocurrency market is 0.09%, with a market capitalization of $ 2.67 Billions.
You can find more details about Kaspa on its official website and on the block explorer.
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