Kaspa (KAS) continues to show positive dynamics in the cryptocurrency market, exhibiting notable price and capitalization changes. This article examines current market metrics, unique technological features of the network, and recent protocol updates.
Current Market Metrics of Kaspa
Kaspa (KAS) is trading at $0.07703, showing a 4.2% price increase over the last 24 hours and a 9.7% gain over the past week. The token currently ranks 55th by market capitalization at approximately $2.03 billion. The 24-hour trading volume is $128.5 million, reflecting a notable 12.5% increase in market activity.
Technological Features of GHOSTDAG Protocol
Kaspa utilizes the GHOSTDAG protocol, allowing blocks to coexist rather than compete, which differs from traditional blockchains. This enables high transaction processing speeds of up to 10 blocks per second with confirmation times limited only by internet latency.
Recent Updates: Crescendo Hard Fork
Recent updates include the rollout of the Crescendo Hard Fork, which introduces new sub-protocols such as block pruning, subnetwork support, and enhanced SPV (Simplified Payment Verification) features. These updates are expected to improve decentralization and lay the groundwork for Layer 2 implementations.
Kaspa (KAS) continues to impress the cryptocurrency community with its unique technologies and positive market metrics. With updates like the Crescendo Hard Fork, the network is becoming increasingly capable of real-world financial applications, creating interest among developers and investors.
