Kaspa

What is Kaspa (KAS)?

Kaspa is a PoW-based cryptocurrency that utilizes the GHOSTDAG protocol to achieve high-throughput scalability in a decentralized network. Unlike traditional blockchains, GHOSTDAG allows blocks to coexist and orders them in consensus, forming a blockDAG rather than a chain.

What Problem Does Kaspa (KAS) Solve?

Kaspa addresses:

• Scalability: Allows for high block rates and low confirmation times.
• Decentralization: Maintains security and decentralization without relying on proof-of-stake.
• Transaction Speed: Provides rapid transaction confirmation and high throughput.

Why Does the Crypto Market Need Kaspa (KAS)?

Kaspa benefits the crypto market by:

• Enhanced Scalability: Supports high transaction throughput.
• Fast Confirmation Times: Offers near-instant transaction visibility and quick confirmations.
• Decentralization: Ensures network security through a decentralized PoW model.

History & Achievements

Launched on November 7, 2021, Kaspa is notable for being the first cryptocurrency to implement the GHOSTDAG protocol. It has been developed and maintained by a community-driven, open-source project with no central governance, pre-mining, or coin allocation.

Who Created Kaspa (KAS)?

Kaspa was created by Yonatan Sompolinsky and Aviv Zohar, researchers in blockchain technology and the developers behind the GHOSTDAG protocol.

What Technology Does Kaspa (KAS) Use and How Does it Work?

Kaspa uses:

• GHOSTDAG Protocol: Orders blocks in a directed acyclic graph (DAG) rather than a chain.
• Proof-of-Work (PoW): Ensures network security through the kHeavyHash algorithm.
• BlockDAG: Enables parallel block creation, increasing scalability and reducing confirmation times.

What Affects Kaspa (KAS) Price?

Factors influencing KAS price:

• Market Sentiment: News and developments.
• Platform Adoption: Increased usage and integration.
• Technological Advancements: Upgrades and partnerships.
• Regulatory Changes: Cryptocurrency regulations.

How Many Tokens of Kaspa (KAS) Are in Circulation?

Approximately 24,041,088,486 KAS tokens are in circulation out of a total supply of around 28.7 billion tokens.

What is the Maximum Supply of Kaspa (KAS)?

The maximum supply of KAS tokens is capped at approximately 28,704,026,601 tokens.

What is Kaspa (KAS) Utility?

KAS tokens are used for:

• Transaction Fees: Within the Kaspa network.
• Mining Rewards: Incentivizes miners to secure the network.
• Governance: Potentially used for future network upgrades and changes.

Tokenomics of Kaspa (KAS)

Kaspa’s tokenomics include:

• Fair Launch: No pre-mining or pre-allocation of coins.
• Mining Rewards: Distributed to miners securing the network.
• Supply Cap: Approximately 28.7 billion tokens.

What is the All-Time High and All-Time Low for Kaspa (KAS)?

• All-Time High: $0.1916 on June 05, 2024
• All-Time Low: $0.000171 on May 26, 2022

Where to Buy Kaspa (KAS)?

KAS tokens can be purchased on various major cryptocurrency exchanges, including:

• KuCoin
• MEXC
• CoinEx
• Gate.io
• DigiFinex
• Bybit
• Bitget
• LBank
• BTSE

Who Invested in Kaspa (KAS) at an Early Stage?

Details on early-stage investors in Kaspa are limited. The project is community-driven and open-source, with contributions from various developers and blockchain enthusiasts.

What Are the Revenue Streams of Kaspa (KAS)?

Kaspa’s revenue streams include:

• Transaction Fees: From transactions within the Kaspa network.
• Mining Rewards: Distributed to miners for securing the network.