Kaspa
About Kaspa
Kaspa is a next-generation cryptocurrency leveraging the innovative GHOSTDAG protocol which allows for high-speed transactions while maintaining security. This technology sets Kaspa apart from traditional blockchains by enabling the co-existence and ordering of blocks created in parallel, reducing confirmation times dramatically.
In the last hour, Kaspa's price has seen a change of -0.35%, and over the past 24 hours, its price has moved by +11.03%. Over the previous week, Kaspa's price has moved by +21.26%. The current price of Kaspa is $0.04679, accompanied by a trading volume of 45.24M in the last day. Kaspa's price is currently 77.45% below its all-time high of $0.2075, which remains the highest price Kaspa has achieved since its launch. The circulating supply of Kaspa stands at 27.72B, translating to a total market capitalization of 1.297B.
Market stats
Frequently asked questions
What is KASPA?
KASPA and its trading symbol (KAS) are a high-performance blockchain classified as a Layer 1 project. The network relies on an optimized Proof-of-Work (PoW) mechanism to facilitate instant transactions with low fees. Instead of a monolithic blockchain like Bitcoin, KASPA structures its ledger as a BlockDAG, where all mined blocks are accepted in parallel and then ordered by consensus. Kaspa was launched in November 2021 as a project without pre-mining, an initial coin offering (ICO), or investment allocations, and markets itself as an enhanced version of Bitcoin, designed to facilitate ultra-fast transactions. All KAS tokens are distributed through mining, which promotes equal opportunity in mining, similar to Bitcoin, and prioritizes community contributors.
How does KASPA work?
The KASPA blockchain is designed to operate on the GHOSTDAG protocol, where the network relies on BlockDAG graph structure technology that allows all mined blocks to be accepted simultaneously, rather than ignoring one of them as happens in Bitcoin. This is where the GHOSTDAG protocol comes into play, organizing and correctly ordering these blocks, which significantly increases the speed of transactions on the network. The Kaspa network also enables transaction validation and auditing without the need to download the entire blockchain, which helps nodes and simplifies their operation. The network aims to process between 10 and 100 blocks per second and supports subnetworks.
Is KAS available on Rain?
We are constantly working to expand our list of available assets, and although we cannot provide a specific date for the listing of Kaspa (KASPA) at this time, you can follow the latest updates through our official social media channels, such as X.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
What are the risks and considerations
Before purchasing KAS, it is important to understand the risks associated with it:
• Liquidity risk: liquidity may affect the currency to varying degrees.
• Governance and regulatory risks: the value of the cryptocurrency may be affected by legislation and regulation.
• Security risks: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after researching it thoroughly.
• Adoption risks: the adoption of the cryptocurrency by the community and stakeholders may affect its future growth.
• Technical risks: the smart contracts on which the network relies may be subject to hacks or technical issues that affect the currency.
You should not purchase KAS based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project, and your risk tolerance before making any decision.
What are the differences between Kaspa and Bitcoin?
Unlike Bitcoin’s blockchain, which does not allow for the skipping of certain blocks, Kaspa’s BlockDAG technology enables parallel blocks to be grouped together. This architecture enables significantly higher blocks per second (BPS) and instant transaction processing.
What is the KAS coin supply?
The total maximum supply of KAS is approximately 28.7 billion coins, according to a carefully designed schedule for gradual reduction of the supply.
Can KAS tokens be mined?
Yes. The currency relies on a proof-of-work mechanism.
How does Kaspa ensure secure and efficient transactions?
Kaspa utilizes a secure and efficient proof-of-work consensus mechanism to validate transactions on its blockchain. This not only ensures the security of the network but also enables quick and reliable transactions.
What is the main goal of Kaspa's development team?
The main goal of Kaspa's development team is to create a decentralized and censorship-resistant digital currency that can be used for various transactions globally. They aim to provide individuals with financial freedom and control over their own assets.
How is Kaspa different from traditional fiat currencies?
Kaspa differs from traditional fiat currencies as it operates on a decentralized blockchain, independent of any central authority. This means that transactions are peer-to-peer, secure, and can be conducted without the need for intermediaries like banks.
What is a Kaspa wallet?
A Kaspa wallet is where you can securely store Kaspa. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Kaspa address?
A Kaspa address is a string of unique characters that is tied to your Kaspa wallet. The address functions just like a bank account number and it is what you use in order to send Kaspa from your wallet, or to receive Kaspa to your wallet.
What are the most popular cryptocurrencies besides Kaspa?
Besides Kaspa, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Kaspa be in next 5 years?
Price predictions for Kaspa over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Kaspa taxable?
Trading Kaspa may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Kaspa's ATH?
Kaspa’s all-time high (ATH) was $ 0.2075 on 01 Aug 2024. This represents the highest recorded market price of the asset to date.
When will Kaspa be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Kaspa just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Kaspa?
With a market capitalization of 1.297B, Kaspa is ranked 57 among other crypto assets.
What is the all-time high of Kaspa?
The highest valuation of Kaspa since its launch was at $0.2075, marking its all-time high.
What is the 24-hour trading volume of Kaspa?
The trading activity of Kaspa over the last 24 hours was at 45.24M, highlighting its liquidity in the market.
How many Kaspa are there in circulation?
There are approximately 27.72B units of Kaspa currently in circulation, affecting its market dynamics.
What is the relative popularity of Kaspa?
Kaspa market cap is around 1.297B.
When was Kaspa created?
Kaspa was introduced on 04 Nov 2021.
Website
White paper
Source Code
