Thread by @ourcryptotalk

Have you heard about $KAS ? 🧵

Why should you care ?
What makes it awesome ?
Should you hold some #Kaspa?

Let’s find out in this thread 👇

🔹Kaspa is a fast, scalable instant confirmation transaction engine built on a proof-of-work engine; it supports high block rates while maintaining security.

🔹Built on a proof-of-work engine

🔹 Transactions sent to miners can be included immediately in the ledger

🔹Structured as a revolutionary blockDAG

🔹 Based on GhostDAG/PHANTOM protocol

🔹 Scalable generalization of the Nakamoto Consensus

🔹 Embedded with principles of Bitcoin

🔹Proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no premine and no central governance.

🔹Uniquely able to support high block rates while maintaining security.

🔹Current mainnet operates with one block per second

🔹Rust language rewrite to increase the number of blocks per second

🔹 Attracts the development of smart contracts and DeFi

🔸What is The Blockchain Trillema?

🔹 The blockchain trilemma refers to the trade-off between decentralization, scalability, and security.

🔹 Decentralization refers to the degree of control over the network that is held by a single entity.

🔹Scalability is the ability of the blockchain to grow as demand rises without compromising performance.

🔹 Security refers to the ability to maintain the integrity of data stored on the blockchain.

➡️ Balancing these three components of the blockchain trilemma is a difficult challenge and is an area of active research.

🔸 Solving the Trilemma:

🔹Traditional cryptocurrencies suffer from a security-scalability-decentralization tradeoff.

🔹Kaspa's consensus layer uses GhostDAG, a proof-of-work consensus protocol that generalizes Nakamoto’s chain into a directed acyclic graph of blocks

🔹GhostDAG incorporates orphan blocks into the chain to form a blockDAG

🔹A novel greedy algorithm is used to order the blocks such that well-connected, honest blocks are favored, quickly and with high probability

🔹 GhostDAG allows Kaspa to circumvent the traditional tradeoff of blockchains, improving on block rate by orders of magnitude

🔹51% security, high number of miners/nodes, and throughput on the order of one block per second is achieved.

🔹Unlike existing cryptocurrencies, Kaspa does not trade off on having small numbers of validator nodes or lower BFT security

🔸Fast Confirmations

🔹 Kaspa’s consensus layer supports fast, subsecond confirmations

🔹 Enables use cases that need immediate proof of publication (but not immediate irreversibility)

🔹High Throughput

🔹 Removes security as a bottleneck for high throughput

🔸 Optimizes bandwidth cost and network infrastructure for high throughput

🔸Mining Decentralization

🔹Fast block rate decreases the variance of mining income

🔹Decreases the incentive to join mining pools

🔹 Contributes to mining decentralization

🔸Features of Kaspa:

1. Fastest Transactions: Kaspa’s blockDAG network generates multiple blocks every second for posting transactions to the ledger, and fully confirmed transactions in 10 seconds.

2. Instant Confirmation: Kaspa transactions visible to the network in one second, and fully confirmed in 10 seconds on average.

3. Scalability: Kaspa solves the scalability problem with its ability to generate and confirm multiple blocks per second with no trade-off to security and decentralization.

4. Efficient Proof-of-Work: Utilizes the optical-mining ready kHeavyHash algorithm for consensus and security of the network; less energy intensive than other PoW networks.

5. Security: Harnesses an ultra secure block network with no compromise to decentralization, achieved with pure, stake-less, proof-of-work combined with a revolutionary GhostDAG Consensus mechanism.

6. BlockDAG: Processes all blocks in parallel linking all side-chains, leading to a DAG structure that increases the formation of blocks per second drastically.

🔸KASPA's VISION:

🔹 To build a Nakamoto-like service that operates as fast as internet speed allows.

🔹 To surpass the limits of Satoshi’s v1 protocol (aka Nakamoto Consensus).

🔹 To build a system that adheres to the same principles embedded in Bitcoin.

🔹 To build an ultimate store of value, or e-gold, and that’s pretty much it from the Bitcoin side.

🔹 To examine Satoshi’s vision, an article 'Examining a Conspiracy Theory about Satoshi’s Intent' by Elliot Old is recommended.

🔹 To look to silver and apply different tradeoffs vs. gold.

🔹 To address leading challenges for the second decade of crypto.

🔹 To provide instant time-to-inclusion (a.k.a. first confirmation) in the ledger.

🔹 To mitigate serious frontrunning and MEV threats.

🔹 To enable pre-trade privacy, and pre-trade stealth transactions, to protect the users.

🔹 To design the system based off Satoshi’s paradigm and first principles.

🔹 To provide an implementation of Satoshi’s original vision: a peer-to-peer electronic cash system

🔸Tokenomics

🔹Current Price : $0.0283

🔹CIRCULATING SUPPLY : 18.32B KAS

🔹MAX SUPPLY : 28.7B KAS

🔹MARKET CAP : $517.8M

$KAS YTD Chart 👇

🔸Core Team

🔸Core Team

🔸Core Team

Follow these $KAS king for alpha :

@CryptoMocro_

@CyberFreshman

@pennywiize1413

@DesheShai

@CryptoMocro_

@MOONSHOTJOSH

@BubblegumLtng

@plzsats

@squatch_crypto

@BitachonHashBTC

@dedataland

@fishtuna

@Kaspa_HypeMan

@1Omeich

@CryptoGat0

@CryptoMocro_ @CyberFreshman @pennywiize1413 @DesheShai @MOONSHOTJOSH @BubblegumLtng @plzsats @squatch_crypto @BitachonHashBTC @dedataland @fishtuna @Kaspa_HypeMan @1Omeich @CryptoGat0 If you found this thread helpful :

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