Kaspa (KAS) Logo

Kaspa

KAS

#28

Rank

$ 2.89 B

Marketcap

29 billion

Max.Supply

$1.1,545e-1

price

-0.04%

Change (1 day)

-0.83%

Change (1 year)

Mineable

Dag

Pow

Store Of Value

Polychain Capital Portfolio

Layer 1

Kaspa (KAS) is a decentralized cryptocurrency issued by a non-profit organization called Kaspa Foundation. It is based on the Delegated Proof of Stake (DPoS) consensus algorithm, which allows users to vote for nodes that will validate transactions and create new blocks. Kaspa aims to provide low fees, fast transactions, and a secure network.

Market Cap of Kaspa

As of 1 November 2024 Kaspa(KAS) has a market cap of $ 2.89 billion USD. This makes KAS the world's #28 most valuable Cryptocurrency by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded CryptoCurrency circulating supply and is commonly used to measure how much a Cryptocurrency is worth in Public Market.


Kaspa Statistics
Volume (24h)
$ 106.59 M
Max.supply
29 billion
Circulating Supply
24.72 B KAS
M.Cap Total Supply
$ 2.89 B

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KAS Percentage Change
Percentage Change 1h
-0.59 %
Percentage Change 24h
-0.04 %
Percentage Change 7D
-8.76 %
Percentage Change 30D
-19.50 %
Percentage Change 60 D
-28.12 %
Percentage Change 90 D
-36.25 %
Year To date Percentage Change
-0.83 %
Percentage Change 1 Y
122.12 %

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KAS Links

Price History of Kaspa

As of 1 November 2024 Kaspa(KAS) price is $ 1.1,545e-1 USD. The percentage change over the last hour has decreased by 0.59% In the past 24 hours, the price has fallen by 0.04%.
Over the last week, there has been a negative change of 8.76%. Looking at the past 30 days, the percentage change shows a decrease of 19.50%. Over the last 60 days, the price has lost 28.12%, and for the last 90 days, it has dropped by 36.25%.
Year-to-date, there has been a significant decrease of 0.83%, and over the past year, the price has appreciated by 122.12%. In terms of trading activity, the volume over the past 24 hours is $ 106.59 M The maximum supply of the asset is capped at 29 billion, with a circulating supply of 24.72 B KAS.

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Volume History of Kaspa

As of 1 November 2024 Kaspa(KAS) has volume 24(h) of $ 106.59 M USD.

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About Kaspa

Kaspa: A New Kind of Cryptocurrency

Have you ever heard of a cryptocurrency called Kaspa? It's pretty cool! While Bitcoin is like the OG of crypto, Kaspa's got a few tricks up its sleeve that set it apart. It's like a brand-new video game with exciting new features, even though Bitcoin is still a popular choice. Let's dive into the world of Kaspa and explore what makes it special!

What's So Unique About Kaspa?

Think of Kaspa as a super-fast cryptocurrency. Regular blockchains, like Bitcoin, are like slow, single-lane highways where cars (transactions) can only move one at a time. Kaspa, however, is more like a massive, multi-lane highway. Transactions can happen much faster because they don't have to wait in line for their turn.

The Key to Kaspa's Speed: The GHOSTDAG Protocol

Kaspa uses a special protocol called GHOSTDAG. It's like a special set of rules for organizing transactions, making things go super fast. Here's the breakdown:

  • Blockchains: Traditional cryptocurrencies, like Bitcoin, use blockchains, which are like a series of linked blocks containing transactions. Imagine a chain of blocks, each connected to the next.
  • BlockDAGs: Kaspa uses a blockDAG, which is a more advanced structure. Think of it like a branching web of blocks, where each block can connect to several others.

This "web" structure lets Kaspa process multiple transactions simultaneously, just like multiple cars can drive on different lanes of a highway.

How Kaspa Keeps It Safe

Even though it's fast, Kaspa is also super secure. It uses a system called Proof-of-Work (PoW), just like Bitcoin. It means miners use powerful computers to solve complex math problems. Those who solve the problem first get rewarded with Kaspa coins. This process helps to prevent fraud and keep the system secure.

Kaspa's Cool Features

Kaspa has some super cool features:

  • High Block Rate: Right now, Kaspa processes one block per second. That's way faster than Bitcoin, which processes about one block every 10 minutes. Imagine if you could transfer money instantly instead of waiting for minutes! Kaspa's developers are aiming to increase the block rate even further, reaching 10 or even 100 blocks per second in the future.
  • Chromatic Phase Monetary Policy: Kaspa uses a unique system to regulate how many coins are created. It's called the Chromatic Phase, which sounds like something from a sci-fi movie, but it's pretty simple. The amount of new coins created decreases gradually over time, just like a musical scale. This helps to keep the value of Kaspa stable.

Who Created Kaspa?

Kaspa was created by a team of developers at DAGLabs, a company that specializes in blockchain technology. The team is led by Yonatan Sompolinsky, who is a super-smart researcher in computer science. He was even involved in the early development of Ethereum!

The Future of Kaspa

While Kaspa is still young, it's already making waves in the crypto world. Many people think it has the potential to be a major player in the future.

Kaspa vs. Bitcoin

Here's a quick comparison table to help you understand the differences:

Feature Kaspa Bitcoin
Blockchain Type BlockDAG Blockchain
Block Rate 1 block/second (up to 100 blocks/second in the future) 1 block/10 minutes
Security Proof-of-Work (PoW) Proof-of-Work (PoW)
Monetary Policy Chromatic Phase Halving Schedule
Founders DAGLabs Satoshi Nakamoto

Kaspa: A Speedy and Secure Cryptocurrency

Kaspa is a new and exciting cryptocurrency that uses cutting-edge technology to make transactions faster and more secure. It's like a turbocharged version of Bitcoin, and its unique features make it stand out from the crowd. While Kaspa is still in its early stages, it has a bright future ahead of it.

Ready to learn more about Kaspa?

You can find out more about Kaspa by visiting their website or talking to your parents about it. They might even have some interesting insights about this exciting new cryptocurrency!

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