Kaspa cryptocurrency
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- REDIRECT Kaspa (cryptocurrency)
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| Development | |
|---|---|
| Development status | Active |
| Website | |
| Website | https://kaspa.org |
Kaspa is a proof-of-work cryptocurrency that utilizes the innovative GHOSTDAG protocol, a blockDAG (Directed Acyclic Graph) consensus mechanism that allows parallel blocks to coexist. This design aims to overcome the scalability limitations of traditional blockchain systems by enabling high block generation rates and faster transaction confirmations.
History
[edit]Kaspa was developed to address common issues found in conventional blockchain architectures, such as high latency and orphaned blocks. Originating from an open-source community, the project has focused on implementing a consensus protocol that enhances both scalability and security. Further details regarding its development timeline and key milestones are continuously emerging as independent sources provide additional coverage.
Technology
[edit]GHOSTDAG Protocol
[edit]The core innovation of Kaspa lies in its use of the GHOSTDAG protocol, which is a generalization of the Nakamoto consensus. By structuring blocks in a DAG rather than a single chain, the network can process multiple blocks simultaneously, thereby reducing confirmation times and improving overall throughput.
Proof-of-Work Mechanism
[edit]Kaspa employs a proof-of-work system similar to Bitcoin’s. However, its integration with the blockDAG structure helps mitigate issues like block propagation delays and the occurrence of orphaned blocks, thus enhancing network performance.
Features
[edit]Scalability: High block generation rates and reduced transaction confirmation times. Decentralization: Developed within an open-source community framework. Innovative Consensus: Combines traditional proof-of-work with the blockDAG approach to optimize block ordering and network efficiency.
Reception and Criticism
[edit]Kaspa has garnered attention for its unique approach to blockchain scalability. While many in the cryptocurrency community have expressed optimism about its potential, experts advise that comprehensive, independent testing is necessary to fully validate its long-term security and performance.
See Also
[edit]References
[edit]External Links
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