🔥 This Crypto Coin Is Over 20,000% From Its All-Time Low! Will It Go Higher!? (HONEST OPINION!!!) 👀💥
💻 Join The VIP Cryptocurrency Course and Discord Group: – This one Altcoin has been setting records here in 2023, reaching new all-time highs, and in the rest of this video I’m going to give my honest thoughts and opinions of a project that has only been out for one year called KASPA.
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00:00 This crypto coin is over 20,000% from its all-time low!
00:37 What is this coin?
02:32 Am I an investor of this coin?
03:15 Comparing with Xen
04:29 Why did it get so much attention?
05:40 What to look for if you want to invest
06:51 Join the class & VIP group
Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. 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.
The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG’s topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.
Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by proof-of-work environments. Kaspa’s current main net operates at 1 block per second. Down the road, core developers and researchers will work on stretching the capability to the limits—think 10 or even 100 blocks per second.
Kaspa also includes a unique monetary policy which decreases emissions geometrically over time based on the 12-note scale of music. Known as the chromatic phase – this policy activated May 7th 2022 with a block reward of 440 KAS. The block reward will be halved once per year, but smoothly: every month, the block reward is reduced by a factor of (1/2)^(1/12). This means that the ratio of block rewards in consecutive months is exactly the same as the ratio of frequencies of two consecutive semitones in a tempered chromatic scale. The initial block reward is the frequency of the note A4, and every averaged year is hence called an octave.
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