This month, an altcoin project that was inspired by Bitcoin’s (BTC) ideas is going crazy because its ecosystem is getting a lot of big updates.
At the time of this writing, Kaspa (KAS), which is ranked 199th by market cap, is worth $0.0121. This is up 23% in the last 24 hours, 58% in the last week, 86% in the last two weeks, and 115% in the last 30 days.
The website for the altcoin project says:
“Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, which is structured as a revolutionary blockDAG.”
BlockDAG is Kaspa’s version of the GhostDAG/PHANTOM protocol. Its goal is to speed up the creation of blocks and transactions without sacrificing security or decentralization, which is a problem with many faster chains.
Says Kaspa,
“Its design is faithful to the principles Satoshi embedded into Bitcoin — proof-of-work mining, UTXO [unspent transaction output]-formed isolated state, deflationary monetary policy, no pre-mine, and no central governance. Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by the most secure proof-of-work environments.”
Kaspa is currently running a crowdfunding campaign to get KAS on a top 10 crypto exchange by trading volume.
?TOP 10 Exchange Crowdfund Update!
Over 1/4 of the way there! ?? Let's finalize this before the deadline of March 4th.
