Bitcoin-Inspired Altcoin Project Soars 115% This Month Amid Series of Updates
An altcoin project inspired by Bitcoin’s (BTC) ethos is blowing up this month as the ecosystem undergoes a major series of updates.
The 199th ranked crypto by market cap Kaspa (KAS) is worth $0.0121 at the time of writing, up 23% in the last 24 hours, 58% in the last week, 86% in the last two weeks and 115% in the last 30 days.
According to the altcoin project’s website:
“Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be immediately included in the ledger, which is structured as a revolutionary blockDAG.
BlockDAG is Kaspa’s version of the GhostDAG/PHANTOM protocol, and aims to deliver high block creation and transaction speed without the loss of security and decentralization that many higher-speed chains suffer from.
says Kaspa,
“The design is true to the principles Satoshi built into Bitcoin – proof-of-work mining, UTXO [unspent transaction output]-formed isolated state, deflationary monetary policy, no pre-mining, and no central governance. Kaspa is unique in its ability to support high blocking rates while maintaining the level of security offered by the most secure work environments.”
Kaspa currently has a crowdfunding campaign to get KAS into a top 10 crypto exchange by trading volume.
Kaspa too released a new version of the project’s whitepaper last week, which explains the nuts and bolts of the project’s algorithm in more detail.
Last week, the project too announced they are in the development stage of several new hardware wallets.
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Featured image: Shutterstock/GrandeDuc/Dilok Klaisataporn
