What is Kaspa (KAS)?

Kaspa is a decentralized blockchain platform designed to address scalability issues faced by existing blockchains, particularly Bitcoin. Kaspa aims to provide a high-throughput, low-latency network for decentralized applications and digital asset transactions.

Kaspa’s core technology revolves around a concept called “blockDAG” (Directed Acyclic Graph), which allows for parallel processing of transactions and increased scalability compared to traditional blockchain architectures. It seeks to enable a more efficient and scalable blockchain infrastructure.

Kaspa was envisioned by R&D company DAGLabs, through investment by PolyChain. Nonetheless, Kaspa is a community project, completely open source, no central governance, and no business model. The founder is Yonatan Sompolinsky, Postdoc CS at Harvard University on the MEV Research Team.

Kaspa core developers and contributors include Cryptography Doctoral student Shai Wyborski, CS Master Michael Sutton, Mike Zak CS Undergrad Studies, Cryptography researcher Elichai Turkel, and Developer Ori Newman - all of whom contributed immensely to the implementation and stabilization of the network.

KAS is the native cryptocurrency of the KASPA network. As the native cryptocurrency of the Kaspa protocol, KAS powers all network activities, such as transaction costs and developer fees. KAS is also used to reward Kaspa’s mining node operators. The rapid block rates on the platform allow decentralized and profitable mining at a low hash rate.

Resources

White paper

Official website

Kaspa blockchain explorer

History of KASPA Network

In 2018, the Kaspa project was initiated with the goal of addressing the scalability limitations of existing blockchain networks, particularly Bitcoin.

The project aimed to develop a decentralized blockchain platform that could offer high throughput and low latency for transactions and decentralized applications (DApps).

Kaspa introduced the concept of blockDAG (Directed Acyclic Graph) as the underlying technology for its blockchain network. The blockDAG structure allows for parallel processing of transactions and offers the potential for increased scalability compared to traditional blockchain architectures.

Development and testing of the Kaspa protocol and network have been ongoing, with contributions from a distributed group of developers and community members.

The Kaspa project has been focused on research, development, and community engagement to establish its blockchain ecosystem.

How does Kaspa (KAS) work?

Here's an overview of how Kaspa works:

BlockDAG Structure: Kaspa employs a blockDAG, which is a directed acyclic graph that organizes transactions and blocks. In a blockDAG, each block references multiple previous blocks, allowing for parallel processing and increased scalability.

Multiple Block Proposals: In Kaspa, multiple miners can propose blocks simultaneously. This is different from traditional blockchain networks where only one block can be proposed at a time. The blockDAG structure allows for more flexibility and reduces the chance of forks.

Ghost Protocol: Kaspa incorporates the Greedy Heaviest Observed Subtree (GHOST) protocol, which helps determine the consensus rule for selecting the main chain. The GHOST protocol considers not only the longest chain but also the weight of the blocks and their connections in the blockDAG. This helps enhance security and prevent certain attacks.

Separation of Transactions and Blocks: Kaspa separates transactions from blocks, allowing for more efficient handling of transaction data. Transactions are propagated through the network independently of blocks, enabling faster confirmation times.

Scalability and Throughput: By utilizing the blockDAG structure, Kaspa aims to achieve high throughput and low latency. The parallel processing capability of the blockDAG allows for more transactions to be confirmed simultaneously, potentially increasing the scalability of the network.

Community and Development: Kaspa is an open-source project that encourages community participation and development. It aims to foster an active and collaborative ecosystem to improve and expand the capabilities of the network.

How to buy Kaspa (KAS) on XT.COM?

Kaspa (KAS) can be purchased directly from XT.COM by using a debit or credit card. Kaspa (KAS) can also be traded for other cryptocurrencies on the XT.COM Crypto Exchange. Live Kaspa (KAS) price is updated in real-time on XT.COM. Buy Kaspa (KAS) on XT.COM in four simple steps:

1. Create your free XT.COM account
   Sign up or download the XT.COM appand start the sign-up process. Provide your email address, country of residence and secure your account with a strong password.
2. Secure Your Account
   Ensure stronger protection of your account by setting Google 2FA code and anti-phishing code.
3. Choose how you want to buy the Kaspa (KAS) asset.
   Click on the “Buy Crypto” link on the top left of the XT.COM website navigation, which will show the available options in your country.
4. Buy Kaspa (KAS)
   Use a variety of payment options to buy Kaspa (KAS) on XT.COM.