Kaspa: The High-Speed Decentralized Proof-of-Work Blockchain Based on the GHOSTDAG Protocol

Kaspa’s technological innovations

Kaspa uses the GHOSTDAG protocol, allowing multiple blocks to coexist in parallel and determining consensus through a sorting algorithm, significantly improving transaction speed and network throughput. In contrast to Bitcoin, which produces one block every 10 minutes, Kaspa produces one block every second, achieving instant confirmation.

Decentralization and fair mining

Kaspa adopts a fair launch strategy with no pre-mining and no pre-sale, completely managed by the community. Its blockDAG structure reduces the volatility of miner earnings, allowing low-power miners to effectively solo mine, reducing the monopoly of large mining pools and promoting network decentralization.

Solve the three difficult problems of Blockchain

Kaspa strikes a balance between security, decentralization, and scalability. It continues Bitcoin’s 51% attack protection to ensure network security; supports multi-miner competition to enhance decentralization; and simultaneously increases the block generation rate to enhance scalability.

Token economy and market performance

Kaspa has a maximum supply of 2.87 billion coins, employing a smooth halving mechanism that gradually reduces supply month by month to minimize price fluctuations.

Mining Development History

Kaspa started with CPU mining in November 2021, gradually transitioning to GPU and FPGA, and launched dedicated ASIC miners in 2023, significantly improving mining efficiency and promoting ecological development.

Future Outlook

Kaspa is undergoing a Rust language refactoring, aiming to enhance Block rates and support smart contracts and the DeFi ecosystem. By optimizing its network infrastructure, Kaspa is expected to become the fastest and most decentralized PoW Blockchain platform.

Summary

Kaspa achieves a balance of high speed, decentralization, and scalability with its unique GHOSTDAG technology and fair launch model. With technological upgrades and ecological expansion, Kaspa has the potential to become the next generation PoW Blockchain leader.