Kaspa is a Proof-of-Work (PoW) cryptocurrency that implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not create orphan blocks in parallel, but allows them to coexist and be ordered by consensus.
What is Kaspa?
Kaspa is the fastest mined and proof-of-work cryptocurrency on the planet. The blockDAG architecture with high block rates allows for greater distribution of mining and enables efficient solo mining with lower hash rates. The cryptocurrency was launched in November 2021 without pre-mining, pre-sales and coin allocation. Kaspa is a 100 percent decentralized, open source and community managed system.
KAS coin mining is based on kHeavyHash, a modified form of the “optical miner” ready-made HeavyHash algorithm. kHeavyhash uses matrix multiplication framed in 2 keccacs. kHeavyHash is energy efficient, core dominant and can be successfully mined by GPU, FPGAs and future specialized mining equipment.
To join the Kaspa ecosystem, users can set up their mining nodes. The community has produced a CUDA-based GPU miner that allows users to earn coins as rewards.
What are Kaspa Features?
There are some important features that distinguish Kaspa project from other crypto projects;
Instant confirmation
Instant ledger confirmation is critical to the user and developer experience, integration with other web applications, and fast transaction settlement. Kaspa achieves this by minimizing the consensus engine’s latency on transaction flow and user experience.
Peripheral nodes
Peripheral nodes help mitigate serious front-running and MEV threats. Therefore, we do not need to worry about miners and trading bots trying to manipulate transactions and gain an unfair advantage over ordinary users. Sub-second block times allow for pre-trade secrecy and confidential transactions that protect users from such manipulations.
Fast and scalable transaction sequencing
Kaspa’s core layer focuses on developing a fast and scalable transaction sequencing (also known as proof-of-release) engine. Therefore, the basic reconciliation will only track the status of the payments. On the other hand, Layer Two operations will follow the more comprehensive and meaningful form.
Another natural way the Kaspa network tries to address a current issue for crypto projects and their users is to provide a shared, scalable layer of transaction sorting, faster consensus times, and confidential pre-trade transactions that protect miners from censorship and bootstrapping a cross-ecosystem.
Security
Kaspa uses the same security principles and methodology as bitcoin, replacing SHA-256 PoW encryption with kHeavyHash. Inheriting all the security features from SHA-256, kHeavyHash is a modification of the SHA-256 hash algorithm that also includes a weighting function. Therefore, blockDAG is maintained by a strong decentralized network of volunteers (miners) who approve and sign transactions. Just like bitcoin, Kaspa is completely decentralized and permissionless. Anyone can participate and anyone can help secure the network.
BlockDAG
Kaspa is the first blockDAG (non-blockchain) cryptocurrency. Blockchain is a linear system where transactions are recorded in time-ordered and sealed blocks. BlockDAG is a directed acyclic graph – a mathematical construct where vertices represent blocks and edges refer to top/bottom blocks. This new distributed ledger application is the first of its kind; It has a decentralized structure while providing next-generation scalability, highly efficient transactional bandwidth, instant approvals.
How to Buy Kaspa?
In order to buy KAS coin, it is first necessary to know the exchanges where this cryptocurrency is listed. Then you need to create an account on one of these exchanges and log in to your account. After logging in, you must load balance into the wallet. You can use a credit or debit card for this transaction, or you can also perform transactions via bank transfer. After the balance is loaded, you can buy the desired amount of KAS and keep it in a cold or hot wallet.
On Which Exchanges Is KAS Coin?
Cryptocurrency exchanges where you can buy KAS can be listed as follows:
- Gate.io
- MEXC
- CoinEx
- Txbit
- BingX
- DigiFinex
- XT.COM
- hotbit
The current price of Kaspa is as follows:
Kaspa (KAS)
