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.
Kaspa Point Table
|Circulating Supply||18,908,929,124 KAS|
|Official Project Website||Click Here To Visit Project Website|
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, but rather allows them to coexist and orders them in consensus. Whereby Kaspa is actually a blockDAG; you can see GHOSTDAG in action in a real time blockDAG visualizer.
This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 32/sec, with visions of 100/sec) and minuscule confirmation times dominated by internet latency (cf. chapter 6 of the research paper for some initial benchmarks).
The Kaspa implementation includes a lot of cool features and subprotocols including 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.
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.
Kaspa’s blockDAG network generates multiple blocks every second for posting transactions to the ledger. Combined with fully confirmed transactions in 10 seconds, this makes Kaspa ideal for everyday transactions.
Kaspa was designed to be hundreds of times faster than Bitcoin, with each Kaspa transaction visible to the network in one second, and each transaction fully confirmed in 10 seconds on average.
Kaspa solves the scalability problem with its ability to generate and confirm multiple blocks per second. This comes with no trade-off to security and decentralization as seen with Proof-of-Stake networks.
Kaspa utilizes the optical-mining ready kHeavyHash algorithm for consensus and security of the network. This algorithm, combined with high-throughput DAG and no-wasted-blocks, makes it less energy intensive than other PoW networks.
Kaspa harnesses an ultra secure block network with no compromise to decentralization. Achieved with pure, stake-less, proof-of-work combined with a revolutionary GhostDAG Consensus mechanism.
Overcoming the problem of blockchains, Kaspa processes all blocks in parallel linking all side-chains. This leads to a DAG structure that increases the formation of blocks per second drastically, creating a blockDAG.
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KASPA WEB/MOBILE WALLET
Kaspa Web Wallet is the most user-friendly and secure wallet available on the market today. The simple and easy-to-use interface makes it easy for you to send and receive payments.
DESKTOP WALLET – KDX
KDX process manager provides zero-effort installation and configuration of the Kaspa full-node software and the Kaspa Wallet when running in a desktop operating system environment.
KASPA COMMAND LINE WALLET
The command line wallet is part of the core kaspa node software bundle and is maintained by the core team.
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.
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As a result of utilising the GHOSTDAG protocol, Kaspa is a proof-of-work (PoW) cryptocurrency that differs from conventional blockchains. The blockchain’s handling of blocks is revolutionised by this protocol, which enables them to coexist and be arranged in consensus rather than being left as orphans. As a result, the Kaspa blockchain functions as a blockDAG, offering a more effective and scalable alternative.
Kaspa gets beyond the drawbacks of conventional blockchain systems, like slow transaction throughput and lengthy confirmation periods, by implementing the GHOSTDAG protocol. A higher level of security and decentralisation is ensured by the capacity to incorporate parallel blocks and organise them by consensus. Kaspa is a potential platform for a variety of applications because it can manage a bigger volume of transactions.
In summary, Kaspa’s utilization of the GHOSTDAG protocol and its implementation as a blockDAG showcases its commitment to innovation and advancement within the cryptocurrency space. By addressing the scalability and security concerns associated with traditional blockchains, Kaspa paves the way for a more efficient and robust decentralized future.
What is Kaspa?
Kaspa is a proof-of-work (PoW) cryptocurrency that implements the GHOSTDAG (Greedy Heaviest Observed Subtree Directed Acyclic Graph) protocol. It is designed to overcome the limitations of traditional blockchain systems by using a blockDAG (Directed Acyclic Graph) structure.
What is the GHOSTDAG protocol?
The GHOSTDAG protocol stands for Greedy Heaviest Observed Subtree Directed Acyclic Graph. It is a consensus algorithm that allows blocks created in parallel to coexist and be ordered in consensus. GHOSTDAG is used in Kaspa to achieve a more efficient and scalable blockchain solution.
How does Kaspa’s blockDAG differ from traditional blockchains?
In traditional blockchains, when multiple blocks are mined simultaneously, only one block becomes part of the main chain, and the others are orphaned (discarded). In Kaspa’s blockDAG, however, parallel blocks can coexist, meaning they are all considered valid and ordered in consensus, resulting in a more inclusive and robust blockchain.
Can Kaspa interoperate with other blockchains?
Yes, Kaspa is designed to be compatible with other blockchains through various interoperability mechanisms. It supports cross-chain communication and can facilitate the exchange of assets and data between different blockchain networks.