Kaspa represents a significant evolution in blockchain technology, characterized by its speed, decentralization, and full scalability. At its core are the unique blockDAG architecture and the GHOSTDAG protocol.
Kaspa's Technical Foundation
Kaspa implements the GHOSTDAG protocol, a generalization of Nakamoto Consensus. It solves the issue of limited block creation speed using blockDAG technology, allowing for parallel block creation and real-time transaction processing. This architecture ensures security and reduces confirmation times to one second.
Rust Rewrite and Performance Breakthrough
Kaspa underwent an extensive core rewrite in the Rust programming language, greatly enhancing efficiency and achieving record performance. The new code enables operation on low-cost hardware to maintain full nodes, with expected throughput increases to 32 blocks per second.
Tokenomics and Token Distribution
Kaspa launched on November 7, 2021, with no premine or presales. The max supply is 28.7 billion KAS, with the current circulating supply at 25.8 billion. The balanced token distribution highlights the strong community foundation of the project.
Kaspa is a crucial advancement in blockchain technology, addressing core limitations in scalability and speed. The project continues to evolve, with Rust implementation and the upcoming Crescendo hard-fork supporting its potential to become a cornerstone technology in the blockchain ecosystem.
