Bitcoin (BTC) is up nearly 27% over the past month, from $28,290 to $36,434.58. However, the same $1,000 investment in #KAS over the same period would have net the investor a 177% return on investment.
Kaspa (KAS) cryptocurrency has emerged as a promising player in the digital currency universe. It has captivated a considerable number of cryptocurrency enthusiasts, including whales.
Let’s examine the key essential aspects of KAS, shedding light on its origins, distinctive features, and its potential as an investment opportunity, in my humble opinion.
What is Kaspa(KAS)? — Kaspa KAS Crypto Blockchain Explained
Kaspa is a decentralized network on the blockchain that empowers individuals and groups to generate and distribute content while facilitating secure transactions without intermediaries. is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine.
It was developed as a decentralized, scalable, and secure network. These are three tenants of the blockchain trilemma, according to Vitalik Buterin: Scalability (transaction speed), decentralization, and security.
KAS combines POW and POC
A distinctive consensus mechanism has been employed by KAS, combining both Proof of Work (PoW) and Proof of Capacity (PoC).
PoW, a commonly known consensus mechanism in the cryptocurrency community, is primarily utilized to verify and authenticate new Bitcoin transactions.
Conversely, PoC is a more recent consensus mechanism that leverages hard disk space for mining new blocks. This characteristic enables KAS to be mined using a standard hard drive, thus enhancing its accessibility to a wider range of users.
Why Is KAS Unique?
Kaspa stands out from other platforms due to its exceptional support for high block rates without compromising security, making it an exceptional choice for proof-of-work environments.
Presently, Kaspa’s main network operates at a commendable rate of one block per second. In the future, the dedicated team of core developers and researchers plans to explore the limits of its capabilities, with ambitious goals of achieving block rates of 10 or even 100 blocks per second.
The two consensus mechanisms combine to make KAS unique. PoC and PoW solve the scalability (speed) portion of the trilemma.
Kaspa also has a unique monetary policy that reduces emissions geometrically over time, based on music’s 12-note scale. Called the chromatic phase, this policy started on May 7th, 2022, with a block reward of 440 KAS.
