KAS (Kaspa) has increased by 6.63% over the past 24 hours, with a market capitalization of approximately $908 million.

Gate News Bot Message, February 09, according to CoinMarketCap data, as of press time, KAS (Kaspa) is currently trading at $0.03, up 6.63% in the past 24 hours, with a market capitalization of approximately $908 million.

Kaspa claims to be the world’s fastest, most open-source, fully decentralized, and scalable Layer 1 blockchain. As the first blockDAG (Directed Acyclic Graph) implementation, Kaspa supports parallel block creation and instant transaction confirmation. It operates on a robust proof-of-work consensus mechanism, capable of processing 10 blocks per second without sacrificing security or decentralization.

Kaspa uses a fair launch mechanism, launched on November 7, 2021, with no pre-mining or pre-allocation. The project follows the Bitcoin spirit, is fully open-source, and has no central governance. It employs the GHOSTDAG consensus protocol, an innovative generalization of Nakamoto consensus that allows secure operation while maintaining a very high block rate. Transaction confirmation time is only about 10 seconds, mainly affected by network latency.

Kaspa’s core features include: fast transaction confirmation (transactions are detected by the network within 1 second and fully confirmed on average within 10 seconds), scalability (solving expansion issues through the generation and confirmation of multiple blocks per second while maintaining security and decentralization), efficient proof-of-work (using the optical mining-ready kHeavyHash algorithm, which consumes less energy compared to other PoW networks), pure PoW security mechanism (adopting revolutionary GhostDAG consensus without the need for proof of stake), and BlockDAG architecture (processing all blocks in parallel, increasing the number of blocks generated per second).

Kaspa currently has a circulating supply of 27.19 billion coins, with a maximum supply of about 28.7 billion coins, and is listed on multiple exchanges including Gate.

KAS Recent Market Performance Analysis:

From a technical perspective, KAS’s 24-hour upward movement may be related to its market recognition as a high-performance Layer 1 blockchain. The innovative design of the blockDAG architecture and fast transaction confirmation features provide a competitive advantage in the current market environment that emphasizes efficient scalability. Additionally, liquidity arrangements across major exchanges support active price movement.

This message is not investment advice. Please be aware of market volatility risks.