What is KAS and what does it solve?
The Kaspa protocol introduces PHANTOM, a proof-of-work-based system for permissionless ledgers, evolving Nakamoto’s blockchain into a blockDAG (Directed Acyclic Graph) structure. It addresses Bitcoin’s scalability limitations by allowing higher throughput without compromising security. PHANTOM’s key innovation is a parameter k that adjusts the protocol’s tolerance to concurrent block creations, enabling it to scale and secure the network efficiently. This is refined by GHOSTDAG, an efficient algorithm ensuring robust total order on the blockDAG, which underpins the Kaspa cryptocurrency network, demonstrating practical scalability and security improvements over traditional blockchain protocols.
Token Overview
- Token name: KASPA
- Token symbol: $KAS
- Total supply: 28,700,000,000
- Total circulation supply: 22,367,382,682
Coinstore Listing
- Trade time：2024/01/23 20:00（UTC+8）
- Withdrawal time：2024/01/23 20:00（UTC+8）
What are the utilities of KAS?
Within the Kaspa ecosystem, the native KAS coin is essential for numerous functions:
- Transaction Fees: It is vital for facilitating network transactions, where it’s used as payment for transaction costs.
- Day-to-Day Currency: KAS stands out for its practical daily use, offering minimal fees, rapid transactions, and quick settlements.
- Network Throughput: Kaspa’s unique blockDAG structure enables it to achieve high transaction throughput, maintaining robust security without compromising on decentralization.
- Economic Incentives: The coin is instrumental in creating economic incentives, rewarding participants who contribute to the network’s well-being.
In essence, the KAS coin is the linchpin of the Kaspa network, driving transactions, incentivizing engagement, and supporting governance and security protocols.
What does the project ecosystem include?
The project ecosystem of KAS includes various components and stakeholders that contribute to its development, operation, and growth. Here are some key elements typically found in the KAS project ecosystem:
- Core Protocol: This includes the underlying blockchain technology, consensus mechanism, and network architecture that power the KAS network.
- Developers: Developers contribute to the ongoing improvement and innovation of the KAS protocol by creating new features, fixing bugs, and proposing upgrades.
- Miners: Miners provide computational power to secure the network through the proof-of-work consensus mechanism. They compete to solve complex mathematical puzzles to add new blocks to the blockchain and earn rewards in the form of KAS tokens.
- Users: Users interact with the KAS network by sending and receiving transactions, participating in decentralized applications (dApps), and utilizing various services built on top of the protocol.
- Exchanges: Exchanges facilitate the trading of KAS tokens, allowing users to buy, sell, and exchange KAS for other cryptocurrencies or fiat currencies.
- Wallet Providers: Wallet providers offer software and hardware solutions for storing, managing, and transferring KAS tokens securely.
- Community: The KAS community comprises enthusiasts, supporters, and stakeholders who engage in discussions, contribute to forums, organize events, and promote the adoption of the KAS protocol.
Looking ahead, once the Rust codebase is finalized, the KAS ecosystem’s expansion will commence. The plan includes the deployment of smart contracts, with an emphasis on a variant designed by Yonatan, which is expected to offer resistance against Miner Extractable Value (MEV), enhancing the network’s security and fairness.
KAS Official Media
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