Why?
Kaspa is a proof-of-work (PoW) based cryptocurrency that uses the GHOSTDAG protocol.
What is it for?
Unlike traditional blockchains, the GHOSTDAG protocol prevents blocks created in parallel from becoming orphaned. In this way, it provides a faster and scalable network structure.
Kaspa is a decentralized and open source community project. In this way, it is not open to the control of any institution or individual.
It can be used as a store of value, a unit of account, and a medium of exchange.
Created by Who?
Kaspa was designed by an R&D company called DAGLabs, powered by PolyChain.
Who is the Project Manager?
The founder of the project is Yonatan Sompolinsky at Harvard University. Sompolinsky is known for his Ghost protocol article he wrote in 2013. This article is also referenced in the Ethereum White Paper.
Who Does the Team Consist of?
Kaspa's core developers and contributors include Shai Wyborski, Michael Sutton, Mike Zak, Elichai Turkel, and Ori Newman.
How does it work?
Kaspa is a PoW cryptocurrency powered by the GHOSTDAG protocol. This protocol prevents blocks created in parallel from being orphaned and makes the network faster and more scalable.
When did it started?
The Kaspa project started in 2018. The main network launch was held in 2021.
