Kaspa KAS
Report IssueKaspa is a community-driven cryptocurrency project running on a blockchain-based network. It follows the principles of open source and decentralization, similar to other popular cryptocurrencies such as Bitcoin, Litecoin and Monero.
Details
Score Sentiment Neutral
(KAS)
KAS Price Chart
The launch of KAS token trading took place on 25 May, 2022.
Kaspa (KAS) cryptocurrency
Kaspa was launched without any pre-mining or pre-allocation of coins and uses the kHeavyHash hashing algorithm. The consensus mechanism used by Kaspa is Proof of Work and it supports multiple platforms such as Windows, OSX, Linux and Raspberry Pi.
Kaspa is unique compared to other cryptocurrencies in many ways.
- First, it is based on the PHANTOM protocol, which is a generalization of the Nakamoto consensus. This provides faster transaction confirmation and scalability.
- Secondly, Kaspa is a pure proof-of-work coin, meaning that it relies solely on mining to verify and secure transactions. This sets it apart from other cryptocurrencies that may use different consensus mechanisms.
Additionally, Kaspa launched without any initial coin offering (ICO) or pre-mining, making it a project community-driven, with an emphasis on decentralization. These factors contribute to Kaspa's unique features and philosophy in the cryptocurrency space.
