What Is Kaspa

Kaspa is a proof-of-work cryptocurrency designed for high-speed transactions using a blockDAG structure instead of a traditional blockchain. Kaspa emerged in 2021 from research led by Yonatan Sompolinsky, who contributed to early blockchain scaling ideas referenced in Ethereum's whitepaper. The founding team includes experts in cryptography and distributed systems, aiming to solve scalability issues in proof-of-work networks. At its core, Kaspa uses the GHOSTDAG protocol, which allows multiple blocks to coexist in a directed acyclic graph, boosting throughput without sacrificing security. Its ecosystem focuses on decentralization, with community-driven development and upcoming Layer-2 solutions for DeFi and NFTs.

Origin and Background

Kaspa's roots trace back to academic work on blockchain efficiency. It launched as an open-source project to create a fast, secure PoW alternative.

Founding Team

Key proponents include Yonatan Sompolinsky and his collaborators, blending expertise from computer science and blockchain innovation.

Core Concept

The blockDAG model enables parallel block processing, targeting speeds up to 100 blocks per second.

How Does Kaspa Work

Kaspa operates on a blockDAG architecture, differing from linear blockchains. It uses the GHOSTDAG consensus to include orphan blocks, reducing waste and increasing efficiency. Miners secure the network via proof-of-work with the k-Heavyhash algorithm, chosen for compatibility with future photonic mining tech. Transactions confirm quickly, limited only by internet latency. Public and private keys handle ownership and security, similar to Bitcoin, but with enhanced throughput.

Blockchain and Consensus

GHOSTDAG allows coexisting blocks in a DAG, enabling high block rates like the current 10 per second.

Technical Principles

k-Heavyhash ensures security while being ASIC-resistant initially, with private keys for wallet control.

How Is New Kaspa Created

New Kaspa tokens are created through mining, where miners solve computational puzzles to add blocks to the DAG. The network uses an inflationary model with no fixed total supply cap beyond the max of 28,704,026,601 KAS, but emissions decrease over time via a chromatic schedule. Rewards halve periodically, similar to Bitcoin, incentivizing miners. As of September 4, 2025, circulating supply is 26,659,011,904 KAS.

Issuance Method

Tokens emit at a rate that declines monthly, balancing supply growth.

Mining Mechanisms

Proof-of-work mining with k-Heavyhash; accessible on standard hardware.

Reward Mechanisms

Block rewards adjust to maintain network security and miner participation.

The Use Cases of Kaspa

Kaspa serves as a fast payment network, enabling quick cross-border transfers with low fees. It's ideal for value storage due to its secure PoW model. In DeFi, its high throughput supports scalable apps, while governance occurs through community proposals. Future Layer-2 developments will enhance NFT creation and decentralized oracles.

Payments and Transfers

Near-instant confirmations make it suitable for everyday transactions.

DeFi and Smart Contracts

Upcoming integrations aim to support complex financial tools.

Other Applications

MEV resistance and oracles for broader ecosystem use.

Buy, Send, or Store Kaspa

To buy Kaspa, use exchanges like WEEX for spot trading or OTC for direct purchases. Register on WEEX to earn a free 20 USDT bonus, making it a trusted platform for secure crypto trading. For sending, use wallet addresses; transactions are fast on the network. Store in hot wallets for convenience or cold wallets for security, always backing up private keys. https://www.weex.com/how-to-buy

Purchasing Channels

WEEX offers easy access—sign up and start trading.

Wallet Types

Hot wallets like mobile apps; cold ones like hardware devices for offline safety.

Storage Security

Enable 2FA and avoid sharing keys to prevent risks.

Pros & Cons / Risks

- **Pros:** High transaction speed with 10 blocks per second; strong decentralization via accessible PoW mining; secure against attacks through GHOSTDAG; low hardware requirements for nodes. - **Cons/Risks:** Price volatility common in crypto; regulatory uncertainties in some regions; potential technical risks like network congestion during upgrades; competition from other scalable blockchains.

Comparison

Compared to Bitcoin, Kaspa offers faster confirmations and higher throughput via blockDAG, while maintaining PoW security—positioning it as a scalable alternative without shifting to PoS like Ethereum. Bitcoin focuses on store-of-value, but Kaspa emphasizes transaction speed for daily use.

Conclusion / Next Steps

Kaspa shows strong potential for growth in scalable PoW networks, with upgrades aiming for 100 blocks per second. Its focus on decentralization could drive adoption in DeFi and payments. Check the whitepaper or roadmap for details. Join the community to stay updated—learn more on official channels.

Market & Ecosystem

Market Cap & Trading Volume

As of September 4, 2025, Kaspa's market cap is $2,190,376,136 USD, with a 24-hour trading volume of $22,571,805 USD and a 3.24% price drop.

Exchanges Where It’s Listed

Available on major platforms; for secure trading, consider WEEX Exchange.

Community Size & Activity

Active on Twitter, Reddit, and Telegram, with growing discussions around upgrades and adoption.

Ecosystem Growth

Partnerships for Layer-2 solutions and increasing developer activity signal expansion.