Kaspa

What is Kaspa?

Kaspa is a decentralized finance (DeFi) platform that describes itself as “The fastest, decentralized, and fully scalable Tier 1 open source software in the world.The platform was designed to solve the trilemma, which is a common problem in most cryptocurrency projects. Kaspa runs on its own token. CAS. You can view the current KAS price on the Kaspa real-time price chart above.

Traditional cryptocurrencies are having a hard time balance of decentralization, security and scalability. As a result, they are forced to choose between three options. Decentralized cryptography must limit the creation of off-chain blocks for the time it takes for the hidden block to propagate throughout the network. These blocks are known as orphans. High orphan rates often reduce efficiency Proof of Work (PoW) network, thereby reducing its protection from attacks by intruders joining an open network.

The Kaspa consensus layer aims to solve this problem with a special PoW consensus protocol called GhostDAG. The protocol can identify and maintain honest orphan blocks on the chain, and also protect the chain from malicious orphan blocks. In addition, the Kaspas crypto project implements Bitcoin Standard Security.

Key features of Kaspar include fast confirmations, high transaction throughput and mining decentralization.

Options for using KAS tokens

KAS is a utility token that powers the Kaspa ecosystem. The token supports the mining function. which protects the network. Users receive reward for mining in KAS cryptoassers to confirm transactions. Users can also trade KAS on supported exchanges. However, the price of KAS changes frequently, as is the case with other volatile crypto assets. Therefore, you should study the price of a token before purchasing an asset to trade. The chart above shows the current price of Kaspa.

Who founded Kaspa?

Kaspa was founded Jonathan Sompolinsky who is a CS postdoc at Havard University and a member of the MEV research group. The initiative was conceptualized Research company DAGLabs with financing from Polychain. However, Kaspas is a community project as it is completely open source, without any centralized administration and has no revenue stream.

Among the main developers and participants in the project: Shai Wyborski, Michael Sutton, Mike Zak, Elichai Turkel and Ori Newman. Shai is a doctoral student in cryptography. Michael Sutton is a master’s student in computer science. Mike Zack is a computer science student. Elihai Turkel is a cryptography researcher and Ori Newman is a developer. All of these team members contributed to the implementation and stabilization of the network.

Tokenomics of CAS

The Kaspa architecture has a high block rate, which ensures greater decentralization of mining. The network allows you to effectively solo mining even at lower hashrates. The launch took place fairly, without preliminary mining or any other preliminary distribution of coins.

The token has maximum supply 28.7 billion KAS. Kaspa cryptocurrency emission schedule: bisected annually through a smooth monthly reduction mechanism. The halving and fixed supply hedge against unwanted inflation that could impact the KAS price.