Kaspa: A High-Performance and Low-Emission Cryptocurrency

RediksiaFriday, 8 December 2023 | 06:00 GMT+0000
Kaspa: A High-Performance and Low-Emission Cryptocurrency with GHOSTDAG Technology
Kaspa: A High-Performance and Low-Emission Cryptocurrency with GHOSTDAG Technology

Introduction

Diksia.com - is a that implements the protocol1. 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 , a generalization of Nakamoto consensus that 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 '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 also has a unique monetary policy that decreases emissions geometrically over time based on the 12-note scale of music. Known as the chromatic phase, this policy activated on May 7th 2022 with a block reward of 440 . 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.

Kaspa Details

Name Kaspa
Symbol KAS
Algorithm SHA-256
Consensus GHOSTDAG
Block Time 1 second
Block Reward 440 KAS (initial)
Halving Every month by a factor of (1/2)^(1/12)
Max Supply 28,704,026,601 KAS
Circulating Supply 21,808,366,099 KAS
Market Cap $3,039,926,116 USD
Trading Volume $46,435,882 USD

What is Kaspa?

Kaspa is a cryptocurrency that aims to provide a fast, secure, and scalable transaction layer for decentralized applications. It is based on the GHOSTDAG protocol, which is a novel way of ordering blocks in a DAG (directed acyclic graph) structure. A DAG is a network of nodes that have edges pointing in one direction, forming a tree-like structure without cycles. Unlike a blockchain, which is a linear chain of blocks, a DAG can have multiple branches of blocks that are created in parallel by different miners. This allows for higher throughput and lower latency, as transactions can be confirmed faster and more frequently.


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