What is KASPA ?
A thread about this amazing project!
🧵
A thread about this amazing project!
🧵
1/11 Kaspa is currently underrated and deserves to be in top 100 coins at least (by market cap).More and more poeple are acknowledged about this project but they are not able fo understand what it is actually. I will try my best to make you understand the basics of #KASPA
2/11 The founder
The founder of Kaspa is Yonatan sompolinsky, postdoc CS at Harvard university on MEV Research Team. His 2013 paper on Ghost Protocol is cited in Ethereum whitepaper ( that’s huge guys)
The founder of Kaspa is Yonatan sompolinsky, postdoc CS at Harvard university on MEV Research Team. His 2013 paper on Ghost Protocol is cited in Ethereum whitepaper ( that’s huge guys)
3/11 Company
Company that’s behind Kaspa is Daglabs. One thing to keep in mind is that Kaspa is not a blockchain technology but a GHOSTDAG
Company that’s behind Kaspa is Daglabs. One thing to keep in mind is that Kaspa is not a blockchain technology but a GHOSTDAG
4/11 Fastest transactions
Kaspa has fastest transactions. The block time of Kaspa is 1s ( which they are working to make it even faster) if we compare it to block time of #KDA which is 1.5s.The goal of team is to do 10 Blocks per second. block time of #BITCOIN is 10 minutes.
Kaspa has fastest transactions. The block time of Kaspa is 1s ( which they are working to make it even faster) if we compare it to block time of #KDA which is 1.5s.The goal of team is to do 10 Blocks per second. block time of #BITCOIN is 10 minutes.
5/11 Instant confirmations
According to team,#Kaspa is designed to be hundreds of times faster than BTC.Each transaction is fully confirmed within 10 seconds this also solves the scalability problem because it has ability to generate and confirm multiple blocks per second
According to team,#Kaspa is designed to be hundreds of times faster than BTC.Each transaction is fully confirmed within 10 seconds this also solves the scalability problem because it has ability to generate and confirm multiple blocks per second
6/11 Less energy intensive
It utilises kHeavyHash algorithm for consensus and security of network, when it is combined with HTD ( which increases its efficiency) it becomes less energy intensive as compared to other poW networks
It utilises kHeavyHash algorithm for consensus and security of network, when it is combined with HTD ( which increases its efficiency) it becomes less energy intensive as compared to other poW networks
7/11 No pre-mine no pre-sale
This is perfect definition of decentralisation, the release of token was done like Bitcoin! No VCs involved no whales involved(Even $ETH was pre-mined for Long period of time)
This is perfect definition of decentralisation, the release of token was done like Bitcoin! No VCs involved no whales involved(Even $ETH was pre-mined for Long period of time)
8/11 BlockDAG (GHOSTDAG)
Blockchains are parallel and create blocks one after other which makes it vulnerable to 51% attack. BlockDAG is not linear and it solves the problem of dishonest nodes and attacks.
Blockchains are parallel and create blocks one after other which makes it vulnerable to 51% attack. BlockDAG is not linear and it solves the problem of dishonest nodes and attacks.
9/11 White paper
Updated white paper will be released soon! You can imagine from this how early the project is. The team is working very hard.
Updated white paper will be released soon! You can imagine from this how early the project is. The team is working very hard.
10/11 Community
The community of $KAS is strong. They just raised $50000 USD to get it listed on a Teir 1 exchange. This shows the dedication and strength if the community
The community of $KAS is strong. They just raised $50000 USD to get it listed on a Teir 1 exchange. This shows the dedication and strength if the community
11/11 Supply and market cap
Currently total supply is 12.6B and all tokens are in circulation.The marketcap of #kaspa is 47M. Which still seems to have a lot room to grow
Currently total supply is 12.6B and all tokens are in circulation.The marketcap of #kaspa is 47M. Which still seems to have a lot room to grow
I may sound biased but can’t help because more you read about thus project more you fall for it. Still a long way to go for team! Hope they deliver. As you were PEACE ✌🏻
$KAS #KASPA $BTC $ETH
$KAS #KASPA $BTC $ETH
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