KAS is a public chain project that has grown very rapidly recently. This project has increased 5-6 times since the beginning of the year, and it has quietly increased nearly a hundred times since last year.

Why does the public chain project have such an exaggerated increase at this time, and its current market value is only 460 million US dollars, ranking 80+!

Let’s take a look at what features or advantages it has that can support it from rising so many times.

Kaspa is a new blockchain platform that solves scalability, security and interoperability issues.

The Kaspa community prioritizes decentralization, which is the foundation of the cryptocurrency community and blockchain technology. Therefore, the community is also committed to transforming itself into a decentralized autonomous organization (DAO) that adheres to the PoW consensus mechanism.

Technically speaking, Kaspa also implements the GhostDAG protocol designed by Yonatan (an enhanced version of the PHANTOM protocol) and follows the Satoshi consensus.

This allows you to achieve higher transactions per second (TPS) without compromising security.

Kaspa is based on the GhostDAG architecture and combines the DAG and GHOST consensus algorithms to achieve faster transaction speeds and better scalability.

Unlike traditional blockchains, GHOSTDAG does not isolate blocks created in parallel, but instead allows them to coexist and orders them in a consensus manner. The Kaspa blockchain is actually a blockDAG.

This generalization of the Nakamoto consensus allows for secure operation while maintaining very high block rates and extremely small confirmation times dominated by Internet latency.

The current Kaspa mainnet generates one block per second, and each block can save more than 400 transaction records. The current goal is to execute 32 blocks per second (BPS), with an ultimate goal of 100 BPS.

Kaspa can process up to 18 blocks in parallel. By enabling parallel blocks, it also connects honest nodes through greedy algorithm classification, ensuring instant confirmation and network security.

The Kaspa implementation includes many cool features, such as querying the DAG topology for reachability, block data pruning, SPV proofs and later subnet support, which will make future implementations of layer 2 solutions much easier.

Of course, Kaspa’s ambition is far beyond just being a public chain for mining. According to the description of the official community, it is currently actively expanding the daily use scenarios of KAS, and developers are rewriting the programming language into Rust to further improve the performance of Kaspa, thus attracting the development of Layer 2 smart contracts and DeFi.

Let’s take a look at the chip distribution:

KAS launches in November 2021 with no re-mining, zero pre-sale and token distribution.

The KAS token has a maximum supply of 28.7 billion tokens, currently has a circulation rate of 55.1%, and its emissions are scheduled to be halved annually by a factor of (1/2)^(1/12) seamlessly reduced monthly.

The current price of the currency is 0.026 US dollars, and the highest point reached around 0.04 just a few days ago. However, the liquidity of this currency is poor and it is not listed on major exchanges.

Finally, we summarize that this project is also a public chain project. Its only feature and advantage is its unique GhostDAG technology. Then it also inherits the will of Satoshi Nakamoto and is improving the consensus of POW, and also uses it. The decentralized team has no token distribution and all is obtained through mining, which means that the team itself has no reservations.

In fact, this is good for mining people.

But the disadvantage is that this technology is all driven by the community itself. There is no roadmap. In the early stages of the project, development is slow, and it depends entirely on the founders to develop this technology. To put it bluntly, even if you finally implement GhostDAG Technology, TPS reaches thousands, which does not have a huge advantage over other upstart public chains.

And in terms of consensus, there have been too many new consensuses, POS is also good, and the most important thing for a public chain is ecological construction. Currently, there is no such thing on KAS, and it has increased too many times recently. It's already exceeded expectations, so I definitely don't recommend buying it in the near future.

But if it drops down to about 0.018, it will be a good opportunity in the short term.