đ„đ„ Kaspa (KAS) has been turning a lot of heads in the cryptocurrency community in 2022, and for good reason. It has seen an exponential price increase this year as adopters are sponsoring the coin as a possible Trilemma solution.
đ Here are some quick facts about the ecosystem.Â
Kaspa is a project that was fair launched in March 2021 by a collection of developers. The most notable Kaspa architect is Yonatan Sompolinsky, who was originally referenced in the Ethereum whitepaper.
Kaspa is a Proof of Work coin that uses the Ghost DAG (Directed Acyclic Graph) consensus mechanism, being more energy efficient then other PoW methods. The endeavor of Kaspa's creation was to see through Satoshi's original vision for Bitcoin, by enhancing scalability and security to solve the Blockchain Trilemma Problem.
The "Ghost" part of the Ghost DAG consensus mechanism stands for "Greedy Heaviest Observed Subtree". It is a protocol that selects the main chain from among the diverging blocks in the DAG structure. This prioritizes the heaviest observed subtree in the DAG.
By favoring the most significant portion of the network's history, it provides an innovative shield against potential attacks of the network. Kaspa has a substantial price increase over 2022, moving from sub 1 cent per coin to now being over 10 cents. The project now commands a market cap of over 2 billion.
đđ Definitely a project to keep your eye on in 2024.
