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Kaspa
About Kaspa
Kaspa (KAS) is a decentralized cryptocurrency utilizing blockDAG tech over traditional blockchains. Addressing the security-scalability-decentralization trilemma, it offers rapid and robust transactions while preserving decentralization. Its distinctive GHOSTDAG protocol allows for fast block rates and short confirmation times. KAS, the ecosystem's native coin, is mineable and central to network transactions. Unique features include DAG topology querying via Reachability, efficiency through Block data pruning, security with SPV proofs, and plans for subnetwork support to enhance Layer 2 solutions. Capped at 28.7 billion, Kaspa, crafted by Yonatan Sompolinsky, co-author of GHOSTDAG, launched without pre-mining or coin pre-allocation, emphasizing equitable participation.
Kaspa (KAS) is a proof-of-work (PoW) cryptocurrency that introduces the GHOSTDAG protocol. This protocol is distinct from traditional blockchain models, as it does not orphan blocks created in parallel, but instead allows them to coexist and orders them in consensus. As a result, the Kaspa blockchain is actually a blockDAG (Block Directed Acyclic Graph). This architecture enables parallel blocks and instant transaction confirmation, with rapid single-second block intervals
Kaspa is used to facilitate high block rates while maintaining the security provided by Proof-of-Work consensus mechanisms. Its instant block times support pre-trade privacy and anonymous transactions, protecting users from transaction order manipulation. Kaspa's blockDAG network can generate multiple blocks every second for posting transactions to the ledger, which combined with fully confirmed transactions in 10 seconds, makes it ideal for everyday transactions. Its scalability, with the ability to generate and confirm multiple blocks per second, is achieved without compromising security and decentralization, a common trade-off seen in Proof-of-Stake networks.