Kaspa is a new blockchain platform that addresses scalability, security, and interoperability. The Kaspa community prioritizes decentralization, which is the foundation of the cryptocurrency community and blockchain technology. Therefore, the community is also committed to transforming itself into a decentralized autonomous organization (DAO) that adheres to the PoW consensus mechanism.
Based on the GhostDAG architecture, Kaspa combines the DAG and GHOST consensus algorithms to achieve faster transaction speed and better scalability.
Unlike traditional blockchains, GHOSTDAG does not isolate blocks created in parallel, but allows them to coexist and order them in a consensus manner. The Kaspa blockchain is actually a blockDAG. This generalization of the Nakamoto consensus allows safe operation while maintaining very high block rates and extremely small confirmation times dominated by Internet latency.
The current Kaspa mainnet generates one block per second, and each block can hold more than 400 transaction records. The current goal is to execute 32 blocks per second (BPS), with an ultimate goal of 100 BPS.
Kaspa can process up to 18 blocks in parallel. By enabling parallel blocks, it also classifies and connects honest nodes through a greedy algorithm, ensuring instant confirmation and network security.
The Kaspa implementation includes many cool features such as reachability for querying DAG topologies, block data pruning, SPV proofs, and later subnetting support that will make implementing future layer 2 solutions even easier.
Of course, Kaspa's ambition is far from just being a public chain for mining. According to the description of the official community, it is currently actively expanding the daily use scenarios of KAS, and developers are rewriting the programming language to Rust to further improve the performance of Kaspa, thereby attracting the development of Layer2 smart contracts and DeFi.
There are 5 main differences between Kaspa's GHOSTDAG and ordinary DAG, namely security, scalability, speed, interoperability, and decentralization.
- Security: Kaspa's GHOSTDAG uses a voting-based consensus mechanism that prevents double-spending attacks and other types of malicious behavior. Ordinary DAGs usually rely on a single approval mechanism and are vulnerable to more attacks.
- In terms of scalability: Kaspa's GHOSTDAG is highly scalable and can handle a large number of transactions. Ordinary DAG may be difficult to expand their consensus mechanism, which has certain limitations.
- In terms of speed: Kaspa's GHOSTDAG transaction speed will be faster, mainly due to its processing confirmation time and approval system. The confirmation speed of ordinary DAG may be slower because multiple confirmations are required.
- Interoperability: Kaspa GHOSTDAG aims to achieve interoperability, which makes it easier to transfer assets between different networks. A normal DAG may not have the same level of interoperability.
- In terms of rights: Kaspa GHOSTDAG is a decentralized system, meaning it is not controlled by any single entity, so it also has a high degree of censorship. Whereas ordinary DAGs may have centralized properties that make them more vulnerable to attacks.
Reasons for Kaspa (KAS) Token Price Surge
The main reason for the recent price increase of KAS coin is the announcement of Kaspa trading on HotBit, a platform with a large selection of markets. The move is just one of several actions Kaspa is taking to boost its transactional capabilities as it works to cement its position as a thriving layer 1 proof-of-work blockchain platform. Growing the protocol's ecosystem and providing utility to more community members has been an important growth strategy.
Although Kaspa intends to develop more products and facilitate the development of decentralized applications, it has been actively looking for useful collaborations to strengthen its position in the market. The protocol has been increasing its popularity in the industry by regularly delivering encouraging updates and protocol changes. With all these moves, Kaspa is poised to become the network of choice for supporting PoW security, comparable to the Bitcoin blockchain, and with Direct Acyclic Graph (DAG) throughput for fast microtransactions, comparable to the Bitcoin blockchain Comparable to Magic Net.
Kaspa (KAS) Price Prediction 2023-2030
As the cryptocurrency market fluctuates, people are curious about the direction and price of Kaspa in the short and long term. The following will analyze and predict the future price of KAS currency:
1. Kaspa price forecast in 2023
Past price fluctuations suggest that Kaspa may fluctuate between $0.01348556 and $0.04413456 in 2023, with an average price of $0.030649. So for those who decide to buy Kaspa at the current price of $0.03074, your potential yield in 2023 is +0%.
2. Kaspa price forecast in 2024
Technical analysis shows that in 2024, Kaspa is expected to fluctuate between $0.0123392874 and $0.0497310674, with an average price of $0.03739178. So if you buy Kaspa at the current price of $0.03074, your potential yield in 2024 is +21%.
3. Kaspa price forecast in 2025
In 2025, the average price of Kaspa is expected to be $0.0435614237, the highest price is $0.050531251492, and the lowest price is $0.006969827792. Buy Kaspa at the current price of $0.03074 and you have the potential to earn +41% yield in 2025.
4. Kaspa price forecast in 2030
Based on market sentiment in previous years, Kaspa is expected to fluctuate between $0.029082215728745 and $0.096715275563036, with an average price of $0.067633059834291 in 2030. If you buy Kaspa at the current price of $0.03074 and HODL until 2030, your potential yield is +120%.
Summarize
Overall, Kaspa bills itself as a next-generation blockchain platform designed to overcome some of the key challenges currently facing the blockchain industry. It solves most Layer1 problems through its innovative use of the PHANTOM protocol, blockDAG, and multi-layer security model. As a fully decentralized platform developed by an active community of users and supporters, Kaspa has the potential to change the way we transact and interact with digital assets to some extent. It can be said that Kaspa is one of the Layer1 projects that I think deserves attention in the next few years.
Which exchanges can trade IceRiver KAS?
Which miners can mine Kaspa？
There are currently two manufacturers of mining machines that can mine Kaspa, namely Bitmain and IceRiver.
Where can I buy Kaspa miners?
On sale Kaspa miners
