Kaspa (KAS)
What Is KASPA (KAS)?
Kaspa is a proof-of-work (PoW) 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 Kaspa 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 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.
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 core developers and contributors include Cryptography Doctoral student Shai Wyborski, CS Master Michael Sutton, Mike Zak CS Undergrad Studies, Cryptography researcher Elichai Turkel, and Developer Ori Newman - all of whom contributed immensely to the implementation and stabilization of the network.
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. Kaspa’s 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 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. Note that the policy dictates how many coins are minted per second regardless of the block rate. Should Kaspa change the block rate in the future, the reward will be adjusted accordingly to maintain the same emission rate.
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 became available.
Where Can You Buy Kaspa (KAS)?
At the time of writing, Kaspa is available on exchanges like CoinEx, MEXC, TxBit and TradeOgre.
What tools does Nimbus offer for effortlessly monitoring Kaspa?
Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor Kaspa effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to Kaspa. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking Kaspa prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.
How does Nimbus enable tracking Kaspa prices with profit and loss?
Nimbus facilitates the tracking of Kaspa prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.
How does Nimbus analyze Kaspa, and what insights does it provide?
Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting Kaspa . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their Kaspa. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.
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KAS Market Statistics
Price USD
$0.114135Market Cap
$2,697,316,110.56Total Volume USD
$37,569,365.19Total Supply
23,632,746,730.00 KASCirculating Supply
23,632,746,730.00 KASFully Diluted Market Cap
$3,275,665,467.82Socials
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