Kaspa (KAS) Price Today
The live price of Kaspa is $0.08 USD.
In the past 24 hours, the trading volume of Kaspa was $44.3M USD, with a change of -1.94%. The current live price of Kaspa has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD.
With a circulating supply of $26,266,059,360.76 KAS, the market cap of Kaspa is currently $2.3B USD, marking a -34.53% change in the last 24 hours.
Kaspa currently ranks 40 by market capitalization.
Kaspa (KAS) Market Data
Market Cap
$2.3B
24h Volume
$44.3M
Circulating Supply
26.2B KAS
Maximum Supply
28.7B KAS
Fully Diluted Market Cap
$2.5B
Liquidity Indicator
1.92%
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About Kaspa (KAS)
What Is Kaspa (KAS) and How Does It Work?
Kaspa (KAS) is a high-performance, decentralized, and open-source Layer 1 cryptocurrency that aims to solve the blockchain trilemma, scalability, security, and decentralization, without compromising any of these pillars. Unlike traditional blockchains, Kaspa uses a unique architecture called BlockDAG (block-directed acyclic graph) and a consensus protocol known as GHOSTDAG.
Instead of forming a single chain of blocks like Bitcoin or Ethereum, Kaspa allows multiple blocks to be created and confirmed simultaneously. This parallel block structure enables extremely fast block times, currently just one second, and high throughput, making it capable of processing thousands of transactions per second with minimal latency and low fees.
Kaspa is secured through proof-of-work (PoW) mining using the energy-efficient kHeavyHash algorithm, which supports GPU, FPGA, and ASIC miners. Its emission schedule is also designed to be predictable and fair, with a maximum supply capped at 28.7 billion KAS.
Thanks to this innovative design, Kaspa offers a scalable alternative to traditional blockchains while remaining decentralized and secure.
Who Founded Kaspa Network and When Was It Launched?
Kaspa was founded by Dr. Yonatan Sompolinsky, a researcher in computer science at Harvard University, known for his work on blockchain consensus protocols. His 2013 paper on the GHOST protocol is cited in Ethereum's whitepaper, highlighting his influence in the field.
The project originated from DAGLabs, a research and development company co-founded by Sompolinsky and Guy Corem in 2017. DAGLabs received $8 million in funding from investors like Polychain Capital and Accomplice. However, DAGLabs was dissolved around the time of Kaspa's fair launch, transitioning the project to a community-led model.
Kaspa's mainnet officially launched on November 7, 2021, with the genesis block produced on November 8, 2021. The project was introduced without any pre-mining, initial coin offerings (ICOs), or special allocations, ensuring a fair and decentralized distribution model. In the initial phase, Kaspa was mined using CPUs. By December 6, 2021, the first open-source GPU mining software was released by a community member, expanding mining accessibility.
Kaspa's development roadmap focuses on enhancing scalability, performance, and functionality. Key milestones and plans include:
1. Crescendo Hard Fork: Scheduled for late 2024, this upgrade aims to increase the network's block production rate from 1 to 10 blocks per second, enhancing transaction throughput.
2. Smart Contract Integration: Kaspa plans to introduce smart contract capabilities, enabling decentralized applications (dApps) and expanding the ecosystem's utility.
3. Rust Codebase Transition: The core codebase is being rewritten in Rust to improve performance, security, and maintainability.
4. KRC-20 Token Standard: Development of the KRC-20 token standard is underway, facilitating the creation of tokens on the Kaspa network.
What Are the Primary Use Cases of KAS Coin?
KAS is the native utility coin of the Kaspa network, primarily used for paying transaction fees, incentivizing miners, and securing the network through its proof-of-work consensus. It also plays a vital role in future ecosystem features like smart contracts, token issuance (KRC-20), and DeFi applications built on Kaspa.
You can trade KAS on the BingX spot market by logging into your account, searching for the KAS/USDT trading pair, and placing a buy or sell order based on your preferred trading strategy.
What Is Kaspa Tokenomics?
Kaspa has a maximum supply of 28.7 billion KAS coins. Kaspa uses a Proof-of-Work (PoW) consensus mechanism with the energy-efficient kHeavyHash algorithm, features a fast block time of 1 second, and maintains low transaction fees currently set at 0.0001 KAS per UTXO.
Kaspa's emission schedule is designed to ensure a controlled and gradual release of KAS tokens:
1. Pre-Deflationary Phase (Nov 2021 – May 2022):
• Initial block rewards were randomized between 1 to 1000 KAS per block for the first two weeks.
- Subsequently, a constant reward of 500 KAS per second was established.
2. Chromatic Phase (Post-May 2022):
• Block rewards decrease geometrically over time, halving annually through smooth monthly reductions by a factor of (1/2)^(1/12).
• This approach ensures a predictable and gradual reduction in emission, promoting scarcity and value preservation.
It's projected that approximately 95% of all KAS will be mined by July 2026, with the remaining supply distributed over the following decades.
How to Mine KAS Coins on Kaspa Blockchain
Mining Kaspa (KAS) involves using the energy-efficient kHeavyHash algorithm through either ASIC or GPU hardware. ASIC miners like the Bitmain KS5 Pro or Iceriver KS3M are now the most profitable, while GPU options like the NVIDIA RTX 4090 are still usable but less efficient.
Here’s a quick guide:
1. Set Up a Wallet: Use wallets like Kaspium (mobile), KDX (desktop), or the Kaspa Web Wallet to receive mining rewards.
2. Choose Mining Software:
• For ASICs: Use the manufacturer’s firmware and input pool and wallet details via web UI.
• For GPUs: Use tools like lolMiner, Gminer, or SRBMiner.
3. Join a Mining Pool: Recommended pools include F2Pool, ViaBTC, and EMCD. Enter the pool’s stratum URL, your wallet address, and a worker name.
4. Start Mining: Launch the software, monitor performance, and manage device temperatures.
What Is Kaspa's GHOSTDAG Protocol?
Kaspa’s GHOSTDAG protocol is a next-generation consensus mechanism that extends the original GHOST (Greedy Heaviest Observed Subtree) protocol. Unlike traditional blockchains like Bitcoin that only accept one block at a time, GHOSTDAG allows multiple blocks to coexist and be ordered in a Directed Acyclic Graph (DAG) structure. This means blocks that are created simultaneously don’t get discarded as “orphans,” but are instead integrated into the ledger, enabling faster block rates and significantly higher throughput.
By accepting and organizing parallel blocks, GHOSTDAG enhances scalability without sacrificing decentralization or security. It supports Kaspa’s one-second block times and allows the network to handle thousands of transactions per second with minimal latency. This innovative approach helps Kaspa overcome key limitations of older blockchain protocols, making it ideal for real-time, high-volume use cases.
Which Wallets Support Kaspa Coin?
You can securely store your Kaspa (KAS) coins directly on BingX by holding them in your exchange wallet. This option is ideal for active traders who want quick access to their assets for buying, selling, or transferring KAS within the BingX platform.
For users seeking non-custodial storage solutions, several wallets support Kaspa (KAS), each offering different levels of security and convenience. Kaspium Wallet is a mobile app available on Android and iOS, while the Kaspa Web Wallet can be accessed directly via browser. KDX Wallet provides advanced features for desktop users, and Tangem Wallet offers a credit card-like hardware solution with NFC functionality for mobile access. For enhanced offline security, users can opt for Ledger devices integrated with KasVault or the OneKey hardware wallet, both supporting KAS coin management with robust protection features.
What Makes Kaspa (KAS) a Good Investment?
Kaspa (KAS) presents a compelling investment opportunity due to its innovative BlockDAG architecture and GHOSTDAG protocol, which enable high throughput and rapid transaction confirmations. This technological edge addresses the scalability issues faced by traditional blockchains, making Kaspa well-suited for real-time, high-volume applications.
Additionally, Kaspa's fair launch, without pre-mining or initial coin offerings, underscores its commitment to decentralization and equitable distribution, appealing to investors seeking transparent and community-driven projects. However, as with all investments, it's essential to conduct thorough research and consider market volatility before investing in Kaspa.
Information source
Kaspa (KAS) Price Converter
KAS to USD
1 KAS = $ 0.08
KAS to VND
1 KAS = ₫ 2,298.31
KAS to EUR
1 KAS = € 0.07
KAS to TWD
1 KAS = NT$ 2.64
KAS to IDR
1 KAS = Rp 1,437.84
KAS to PLN
1 KAS = zł 0.33
KAS to UZS
1 KAS = so'm 1,133.31
KAS to JPY
1 KAS = ¥ 12.70
KAS to RUB
1 KAS = ₽ 6.96
KAS to TRY
1 KAS = ₺ 3.45
KAS to THB
1 KAS = ฿ 2.88
KAS to UAH
1 KAS = ₴ 3.66
KAS to SAR
1 KAS = ر.س 0.33
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.