Kaspa (cryptocurrency)
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| Kaspa | |
|---|---|
| Development | |
| Latest release | 1.0.0 / March 31, 2025 |
| Code repository | https://github.com/kaspanet |
| Development status | Active |
| Written in | Go, Rust |
| Source model | Open Source |
| Website | https://kaspa.org |
| Ledger | |
| Hash function | kheavyhash |
| Block reward | 58 |
| Block time | 1 sec |
| Block explorer | https://explorer.kaspa.org/ |
| Circulating supply | 26,110,000 (as of May 2, 2025) |
| Supply limit | 29,000,000 |
Kaspa is a proof-of-work cryptocurrency that utilizes the GHOSTDAG protocol, a blockDAG (Directed Acyclic Graph) consensus mechanism allowing parallel blocks to coexist and be ordered in consensus. This design aims to enhance scalability, transaction throughput, and confirmation times compared to traditional blockchain systems. [1]
History
Kaspa was launched in 2021 without an initial coin offering (ICO), ensuring that its value growth is attributed solely to mining activities. This approach underscores the network's commitment to a fair and decentralized distribution model.[1]
As of June 26, 2024 MARA Holdings announced their Kaspa mining operations.[2]
Technology
GHOSTDAG Protocol
The core innovation of Kaspa lies in its implementation of the GHOSTDAG protocol, which generalizes the traditional Nakamoto consensus by structuring blocks in a DAG rather than a linear chain. This architecture allows multiple blocks to be added concurrently, reducing confirmation times and improving overall transaction throughput.[3]
Proof-of-Work Mechanism
Kaspa employs a proof-of-work system that is not entirely traditional. Its integration with the blockDAG structure helps mitigate issues like block propagation delays and the occurrence of orphaned blocks, thereby enhancing network performance.[4]
Features
Scalability: High block generation rates and reduced transaction confirmation times. Decentralization: Developed within an open-source community framework. Innovative Consensus: Combines traditional proof-of-work with the blockDAG approach to optimize block ordering and network efficiency.
References
- ↑ "Kaspa (KAS) Review - 9.0 / 10 - Layer 1 Coin - CryptoLists.com". 2025-05-02. Retrieved 2025-05-02.
- ↑ "Marathon Digital Holdings Announces Kaspa Mining Operations". MARA. 2024-06-26. Retrieved 2025-05-02.
- ↑ Sompolinsky, Yonatan; Wyborski, Shai; Zohar, Aviv (2021-11-23). "PHANTOM GHOSTDAG: a scalable generalization of Nakamoto consensus: September 2, 2021". Proceedings of the 3rd ACM Conference on Advances in Financial Technologies. AFT '21. New York, NY, USA: Association for Computing Machinery: 57–70. doi:10.1145/3479722.3480990. ISBN 978-1-4503-9082-8.
- ↑ "Kaspa (KAS) Review: What to Know? Pros & Cons". Learning Crypto. 2024-08-28. Retrieved 2025-05-02.
External links
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