KASPA (KAS) is a decentralized, fully scalable, and open-source Layer-1 solution built for DLT that aims to address the scalability issues of Bitcoin and other blockchain networks. It utilizes a unique DAG (Directed Acyclic Graph) architecture, allowing faster transaction processing and increased scalability.

This architecture allows KASPA to process more transactions per second than traditional blockchains, making it more scalable. Additionally, KASPA's DAG structure allows for faster confirmation times, as transactions can be processed in parallel, rather than waiting for blocks to be mined in a linear chain.

The KASPA project is open-source and community-driven, intending to create a decentralized, secure, and scalable blockchain network that can be used for a wide range of applications.

KAS is the native cryptocurrency of the KASPA network, and it can be used for various purposes such as payment for services, transaction fees, and mining. The KAS coin is one of the fastest proof-of-work and most decentralized cryptos that can be mined.

The KASPA network's unique combination of DAG and PoW technologies offers faster transaction processing, increased scalability, and improved network security compared to traditional blockchain networks. The DAG model lets each transaction link to multiple other transactions, forming a web-like structure instead of a linear chain. This design allows KASPA to handle more transactions per second than most other blockchain networks.

In KASPA Network, transactions are validated by a consensus mechanism called PoW-DAG (Proof of Work DAG). This blockDAG consensus mechanism combines proof-of-work (PoW) and DAG technologies to create a more secure and scalable network.

When a user initiates a transaction on the KASPA network, it is broadcast to the network's nodes responsible for validating the transaction. The nodes use a PoW algorithm to solve a cryptographic puzzle, which validates the transaction and adds it to the DAG structure. This process is repeated for each subsequent transaction, forming a web-like structure of validated transactions.

KASPA's PoW-DAG consensus mechanism helps prevent double-spending and other fraudulent activities by ensuring that multiple nodes validate and approve each transaction before it is added to the network. Designed to be hundreds of times faster than the Bitcoin network, KASPAs use of the GHOSTDAG protocol also allows for faster transaction confirmation times, as transactions can be processed in parallel rather than waiting for blocks to be mined in a linear chain.

The KASPA project was officially launched in November 2021, with support from a team of developers and community members. The project launched with no pre-mined and allocated coins.

KASPA is a community-driven project that adheres to complete open-source and decentralized governance principles, similar to cryptocurrencies such as Bitcoin, Litecoin, and Monero. The coin had a fair launch, with no pre-mining or pre-allocation of coins involved.

Founded by Yonatan Sompolinsky, DAGLabs is the creator behind KASPA network, powered by the GHOSTDAG protocol. Yonatan invented the protocol itself with his then Ph.D. advisor professor Aviv Zohar.

Other core contributors to KASPA include Micheal Sutton, Shai Wyborski, Mike Zak, Elichai Turkel, and Ori Newman. Along with an ever-expanding team of community contributors, the team aims to maintain and develop KASPA as a completely decentralized community project.

KASPA could be an interesting addition to your crypto portfolio, especially if you want to invest in highly scalable networks or PoW coins. As the native token of a unique blockDAG network, KASPA is far more scalable than PoW blockchains, while also retaining their superior security features.

The KASPA price could trend higher in the market as more developers build and deploy dApps on its network. This could also bring in more users to the network, driving on-chain activity higher and increasing the demand for $KAS crypto.

A positive or bullish sentiment in the crypto market could also benefit the KAS price. At such times, investors are more keen to invest in crypto assets, boosting the KAS price statistics as a result.

Considering the cryptocurrency markets highly erratic and unstable characteristics, providing a precise KAS coin price prediction over time is unattainable. However, you could monitor the following factors to understand price action in KASPA coin:

On-chain Activity

Increased dApp development and deployment activity could increase the markets demand for the $KAS coin. As the KASPA ecosystem expands to support more applications, the number of users on the network could also increase, further supporting the KAS to USD price in the crypto market.

Future Developments

When the KASPA community rolls out more upgrades that increase the networks efficiency, investor confidence in its native token also receives a boost. In addition to network upgrades, news of partnerships and significant investments could also play an important role in strengthening the KASPA value.

Market Outlook

A favorable outlook among investors toward cryptocurrencies in general and key sectors such as web3 could also contribute to an uptrend in the $KAS price. When investors trade the market with a bullish mood, higher buying activity supports the KASPA price. However, a bearish or risk-averse sentiment could weaken the KAS price in the market.

KAS is the native crypto asset of the KASPA network. Here are some of its key use cases:

Native Currency

KAS is the native currency used to pay for all on-chain transactions taking place on the KASPA network. It is used to execute smart contracts, pay transaction fees, and interact with dApps within the ecosystem.

Mining

As the native crypto asset of a PoW network, $KAS can be mined by users who wish to contribute to KASPAs consensus mechanism. It incentivizes miners who help validate transactions and add new blocks to the network and is distributed as mining rewards.

Crypto Asset to Trade and HODL

You can trade KASPA crypto against other digital assets to take advantage of the ever-changing market conditions and volatility. Buy or sell KAS on BYDFi Spot Market or hold it long-term if you believe in the future potential of the KASPA project. Remember to approach any investment decision cautiously and conduct comprehensive research on the project, its underlying principles, and its market potential.

Mining KASPA involves using kHeavyHash, a modified form of the optical-miner ready HeavyHash algorithm. It utilizes matrix multiplication framed into 2 keccacs and is energy efficient, core dominant, and can be successfully mined by GPU, FPGAs, and future specialized mining equipment.

Heres how you can mine KAS:

1. Obtain a KASPA wallet address to receive mining rewards. Create an account if you are new to the network.

2. Choose a mining pool from available options. KASPA can be mined through different pools such as Woolypooly, 2Miners, F2Pool, among others

3. After selecting a pool, configure your mining software, e.g., BzMiner, Hive OS, and others.

4. Start mining and check your statistics by visiting the mining pool's website. The pool will display the full mining report, including the hardware hashrate, mining rate, and profitability.

KASPAs max supply is fixed at 28.7 billion coins, with an emission schedule that halves annually. As of May 2023, the circulating supply of KAS is a little over 18 billion coins.

The KASPA Monetary Policy has two phases: the Pre-deflationary Phase and the Deflationary Phase. The Pre-deflationary Phase began at the mainnet start on November 7th, 2021, and ended on May 8th, 2022. During this phase, the reward rate was initially random for 1 to 1000 KAS per block for the first two weeks, then settled at a fixed rate of 500 KAS per block. The transaction fee during this phase was calculated as 0.0001 KAS per UTXO.

The Deflationary Phase started on May 8th, 2022, and is expected to continue until 2111. During this phase, the block reward will decrease by 1% annually, eventually leading to a fixed supply of 42 million KAS tokens. The transaction fee during this phase will be calculated as 0.00001 KAS per UTXO.