Kaspa (KAS)

Kaspa was fair-launched in November 2021 with no pre-mine, zero pre-sale, and no coin allocations, and is 100 percent community-managed. Kaspa aims to be the world's global sequencer for traditional finance and decentralized crypto markets by utilizing proof-of-work and its BlockDAG consensus protocol, GHOSTDAG. Being the world's fastest proof-of-work network, Kaspa combines five properties: (1) hard money principles, (2) Bitcoin's ethos of security-first fundamentals (boasting a security threshold of fifty percent with significant market hashrate), (3) decentralization from rapid block rate mining, (4) block speeds faster than any PoW or PoS network, and (5) smart contract development through based-rollups without fragmented liquidity. Ushering in all five properties, Kaspa is on track to fulfill Satoshi Nakamoto's vision of a digital medium of exchange while also advancing global layer-one sequencing and minuscule confirmation times dominated by internet latency (cf. chapter 6 of the the 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.

Description from CoinGecko.

Coin details

Name

Kaspa

Symbol

KAS

Market cap rank

#80

Category

Smart Contract Platform, Layer 1 (L1), Wallets

Runs on

Its own blockchain

Circulating supply

27,805,375,115 KAS

Max supply

28,704,026,601 KAS

Price in INR

₹2.67

Tax in India

30% on gains + 1% TDS on sale

Website

kaspa.org

Whitepaper

eprint.iacr.org/2018/104.pdf

Explorer

kaspa.stream

X (Twitter)

x.com/KaspaCurrency

Reddit

reddit.com/r/Kaspa

GitHub

github.com/kaspanet/kaspad