KAS (KASPA Coin)

Kaspa (KAS) is one of the most exciting developments in the field of proof-of-work cryptocurrencies. While many projects are moving away from this energy-intensive consensus model, Kaspa takes an innovative approach: With the groundbreaking GHOSTDAG protocol, lightning-fast block times, and true parallelism, Kaspa isn't just fast – it's a technological leap.

1. Background and Origins

Kaspa was founded by Yonatan Sompolinsky, a blockchain researcher at the Hebrew University of Jerusalem. His academic work on the GHOST protocol significantly influenced the Ethereum whitepaper.

Kaspa was launched with no ICO, no premine, and no centralized allocation – making it one of the few truly decentralized launches in crypto history. The genesis block went live on November 7, 2021.

2. Technology: GHOSTDAG & BlockDAG

Unlike traditional blockchains where only one valid block can exist at a time, Kaspa uses a BlockDAG (Directed Acyclic Graph) architecture. Its GHOSTDAG protocol enables multiple parallel blocks to be processed and ordered securely.

This results in:

• Extremely low confirmation times (approx. 1 second)
• High block rate of up to 10 blocks per second
• Native scalability without Layer 2 solutions

This makes Kaspa not just technologically unique, but also practical for microtransactions and real-time payments – all without relying on central validators.

3. Consensus and Fairness: Reimagined PoW

Kaspa uses the kHeavyHash algorithm, optimized for GPUs and resistant to ASIC dominance. This ensures a more equitable mining landscape.

At the same time, the network maintains the high security of classic PoW blockchains like Bitcoin – but with far better speed and efficiency.

The KAS emission schedule is linear, with a maximum supply of around 28.7 billion coins. There’s no centralized control, no inflationary tricks, and no VC influence – a rare combination in today’s crypto market.

4. The KAS Token – What is it used for?

The native currency KAS is used to pay for transaction fees and secure the network. Thanks to its high block rate, KAS is especially suited for:

• Real-time payments
• Microtransactions in the cent range
• Fast and secure value transfers

5. Market Overview and Relevance

According to CoinMarketCap, Kaspa is now ranked among the top 50 cryptocurrencies worldwide (as of May 2025). It has a market cap of over $3 billion and continues to grow in popularity and adoption.

• Symbol: KAS
• Max supply: approx. 28.7 billion
• Block time: 1 second
• Mining: Proof-of-Work (kHeavyHash)

6. Wallets and Accessibility

Kaspa can be accessed through several community-built wallets, including desktop, CLI, and web interfaces. A mobile wallet is currently in development.

Unlike smart-contract platforms, Kaspa focuses on high-speed value transfers and network stability – ideal for users who need real-world performance without the complexity of DeFi.

7. Why is Kaspa interesting for users and developers?

Kaspa offers a rare blend of decentralization, fairness, scalability, and speed.

Miners benefit from GPU-friendly algorithms. Users get nearly instant payments. Developers find a stable Layer 1 architecture ready for future applications.

Whether you're a crypto enthusiast or newcomer – Kaspa deserves a closer look.

Floin Insight

Floin is closely monitoring the evolution of Kaspa. This project combines high-performance infrastructure with a clear mission: to enable fast, fair, and decentralized peer-to-peer transactions at scale.

For users interested in Layer 1 technology with practical usability, Kaspa stands out as one of the most promising projects today. A future listing on Floin is under consideration – stay informed via our newsletter.