Wednesday, December 7, 2022

KASPA insight, one of strong performer even in bear market

This is not a kind of promotion but I was curious that how this project is pumping. As most of the people cashing out from market resulting in fall of overall crypto marketcap. On the other hand Kaspa shows tremendous growth since october month. Not sure whats the actual reason of this pumping. Although there is no major VC involved in this project and the code is all open source just like bitcoin. But it can scale better than bitcoin.

The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency. Therefore transaction on KASPA network takes only few seconds of confirmation.

Kaspa is a proof of work cryptocurrency and To participate in the Kaspa ecosystem, we can set up our mining node. The community has produced a GPU miner based on CUDA that allows us to earn tokens as rewards.

As of now it is only available on few exchanges such as MEXC and Coinex. But still manage to hold 225 rank as per marketcap. MEXC has better liquidity, with the recently announced "Signup, Deposit and Trade Event" which they are giving KASPA tokens worth $10k, it will be a good time to look into this project.


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