Kaspa (KAS) is a decentralized Layer-1 solution that uses a better and upgraded form of Proof-of-Work (PoW) called BlockDAG (Directed Acyclic Graph). Unlike traditional blockchains leveraging the standard PoW, Kaspa’s BlockDAG structure enables multiple blocks to be mined and confirmed simultaneously, offering faster transactions and better scalability. It is powered by its native token KAS, which is a top crypto. 

Kaspa was founded by Yonantan Sompolinsky, a notable figure in the crypto industry, in 2016. 

• KAS token: KAS token is top crypto by market cap and plays a significant role in the Kaspa ecosystem by facilitating all on-chain transactions, or using it as a medium of exchange for day-to-day transactions competing with Visa and MasterCard.

• Efficient Proof-of-Work: Kaspa uses the kHeavyHash algorithm which makes it more energy-efficient than traditional PoW networks.

• BlockDAG structure: One of the most notable features of the Kaspa network is its BlockDAG (Directed Acyclic Graph) structure which enables multiple blocks to be mined simultaneously, processing faster transactions and higher throughput.

• High transaction speeds: The Kaspa network can process transactions at a high speed, boasting one block per second, with plans to increase this to 10 or even 100 blocks per second.

KAS token has maintained a remarkably positive stance in the crypto market experiencing a notable upward trend over the past year. As of November 2024, the token is trading at $0.13, with a market rank of #30 in the overall crypto market cap. Its unique appeal to developers and crypto traders alike makes it a leading player in the blockchain space. The KAS token held an all-time high of $0.2075 on August 1, 2024, and has the potential to reach $1.51 by 2030, as per expert analysis, making it a promising crypto.

• KAS tokens can be bought and traded on crypto trading platforms.

• KAS token facilitates all on-chain transactions.

• KAS can be used as a medium of exchange for day-to-day transactions

• Users can become node operators and earn mining rewards in the KAS token.

• The BlockDAG technology that Kaspa uses allows the network to process faster transactions and mine multiple blocks.

• Kaspa addresses the limitations of the PoW consensus mechanism by incorporating the kHeavyHash algorithm. 

• The network supports high transaction speed and boasts one block per second, with plans to increase the speed further.

• KAS is subject to market volatility like other cryptos, which may impact its price.

• Despite being in the top 50 cryptos by market capitalization, Kaspa is yet to attain mainstream recognition.

• The BlockDAG technology may be difficult to understand for some users and developers.

• Start investing in KAS with just ₹100.

• KAS price is updated in INR in real-time.

• You can trade in KAS and 300+ other cryptos in a secure environment on CoinSwitch.

Kaspa (KAS) did not hold an Initial Coin Offering (ICO). Instead, it was launched via a distribution model. The network’s mainnet went live in 2022, with tokens generated through Proof-of-Work mining, utilizing the kHeavyHash algorithm.