| General information | |
|---|---|
| Global rank: | 26 |
| Name: |
Kaspa |
| Symbol: | KAS |
| Current coin price (XOF): | 92.35 XOF |
| Last hour: | arrow_upward0.520 % |
| Last 24 hours: | arrow_downward-2.02 % |
| Last 7 days: | -1.44 %trending_down |
| Capitalisation (XOF): | 2 291 664 310 304.99 XOF |
| Volume 24h (XOF): | 24 963 343 911.25 XOF |
| Available supply: | 24 814 060 339.00 KAS |
| Total coin supply: | 28 704 026 601.00 KAS |
| Start date: | 2021-11-07 |
Kaspa/CFA Franc BCEAO (KAS/XOF) price chart
Kaspa/CFA Franc BCEAO (KAS/XOF) capitalisation and volume charts
Kaspa (KAS) is a proof-of-work (PoW) cryptocurrency that introduces the GHOSTDAG protocol. This protocol is distinct from traditional blockchain models, as it does not orphan blocks created in parallel, but instead allows them to coexist and orders them in consensus. As a result, the Kaspa blockchain is actually a blockDAG (Block Directed Acyclic Graph). This architecture enables parallel blocks and instant transaction confirmation, with rapid single-second block intervals
Kaspa is used to facilitate high block rates while maintaining the security provided by Proof-of-Work consensus mechanisms. Its instant block times support pre-trade privacy and anonymous transactions, protecting users from transaction order manipulation. Kaspa's blockDAG network can generate multiple blocks every second for posting transactions to the ledger, which combined with fully confirmed transactions in 10 seconds, makes it ideal for everyday transactions. Its scalability, with the ability to generate and confirm multiple blocks per second, is achieved without compromising security and decentralization, a common trade-off seen in Proof-of-Stake networks.
Kaspa was created by Yonatan Sompolinsky, one of the authors of the GHOSTDAG protocol that underpins Kaspa's consensus mechanism. Reflecting the ethos of cryptocurrencies like Bitcoin and Litecoin, Kaspa was launched with no pre-mining or pre-allocation of coins, ensuring a fair start for all participants.