Kaspa Cryptocurrency as Value Surges by 100% in 24 Hours

  • Ultramining.com
  • 29 March, 2023 21:08
Kaspa Cryptocurrency as Value Surges by 100% in 24 Hours

Kaspa, a popular cryptocurrency among GPU miners, experienced a significant increase in value, almost doubling in the past 24 hours. The coin’s value reached a peak of $0.386 on the MEXC exchange.

Kaspa is a unique cryptocurrency that utilizes GHOSTDAG, a protocol extending the Nakamoto Consensus to a Direct Acyclic Graph of Blocks (blockDAG). As the first blockDAG, Kaspa enables parallel blocks and instant transaction confirmations, built on a powerful proof-of-work engine with rapid one-second block intervals. The mining algorithm behind Kaspa is kHeavyHash, a modified version of the “optical-miner” ready HeavyHash algorithm, which allows for dual-mining with other cryptocurrencies.

Kaspa’s blockDAG structure indexes all mined blocks, providing added security, and eliminating “wasted work” from miners. As the highest throughput proof-of-work cryptocurrency, Kaspa propagates at a rate of one block per second, offering miners rewards every second. This low-variance cryptocurrency enables even the smallest miners to participate and find blocks frequently.

Kaspa is compatible with the next generation of computing devices — silicon photonics — through its kHeavyhash mining algorithm. The Optical Proof-of-Work (OPOW) enabled by photonics will revolutionize the mining industry. Kaspa mining is energy-efficient, core-dominant, and suitable for GPU, FPGAs, and future specialized mining equipment.

The cryptocurrency’s emission schedule follows a Chromatic Halving Schedule, with rewards smoothly decreasing every month, resulting in a 50% emission reduction per annum. Kaspa is touted as the fastest, open-source, decentralized, and fully scalable Layer-1 in the world, built by industry pioneers.

With its unique features, high throughput, and compatibility with next-generation computing devices, Kaspa is well-positioned for future growth in the cryptocurrency market.

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