Buy Kaspa (KAS)
What is Kaspa?
Kaspa is an open-source, decentralized, and scalable Layer-1 cryptocurrency. It uses the GHOSTDAG protocol, which allows for secure operation with high block rates and negligible confirmation times. It is designed to address the blockchain trilemma by balancing decentralization, security, and scalability, offering fast and secure transactions.
How does Kaspa work?
Kaspa operates using a unique blockDAG (Directed Acyclic Graph) architecture, which supports parallel blocks and instant transaction confirmation. It utilizes the GHOSTDAG/PHANTOM protocol, a scalable generalization of Bitcoin's consensus, to ensure precise block scheduling and enhance network security. The network is powered by a proof-of-work (PoW) consensus mechanism, featuring the kHeavyHash algorithm which is designed to be resource-efficient and compatible with standard mining equipment.
What are the potential use cases for Kaspa?
Kaspa's scalable and secure blockDAG technology makes it suitable for various applications, including:
- Digital Identity Verification: Storing and verifying digital identities to prevent identity theft.
- Supply Chain Management: Real-time tracking and smart contracts for automating processes.
- Financial Services: High-throughput transactions and efficient cross-border payments.
- Energy Sector: Smart grid technology integration and decentralised energy trading.
- Public Sector: Creating transparent records and developing tamper-proof voting systems.
What is the history of Kaspa?
Kaspa originates from the research work of Yonatan Sompolinsky and Aviv Zohar, who co-authored the GHOSTDAG whitepaper in 2013. The project was founded in 2016, and its mainnet went live in 2021. Significant achievements include the 2023 introduction of upgrades like the Rusty Kaspa and the DAG KNIGHT protocol, alongside strategic partnerships and listings on mainstream exchanges. The Kaspa community is active in promoting its growth and adoption through initiatives such as the Kaspa Ambassador Program.
Related Assets
Resources
Learn More About Kaspa
Frequently Asked Questions (FAQs)
What is the current price of Kaspa (KAS)?
The Kaspa price is $0.18732314 AUD, representing a -2.5% from the day prior.
Where is the best place to buy Kaspa (KAS) in Australia?
The best place to buy Kaspa (KAS) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Kaspa (KAS) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Kaspa (KAS)?
The trading volume of Kaspa (KAS) is $129.9M AUD in the last 24hrs, representing a -2.5% from the day prior.
How can I buy Kaspa (KAS)?
Kaspa (KAS) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Kaspa (KAS)?
The current market cap of Kaspa (KAS) is $4.7B AUD.
Can I convert Kaspa (KAS) to cash?
Yes - With Coinstash you can convert your Kaspa (KAS) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Kaspa (KAS) are there?
The current circulating supply of Kaspa (KAS) is 25.4B.
Is Coinstash a safe place to buy Kaspa (KAS) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Kaspa (KAS) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.