The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Kaspa has fallen by 5.42% in the past 7 days. The price increased by 0.20% in the last 24 hours. In just the past hour, the price shrunk by 0.18%. The current price is $0.0464 per KAS. Kaspa is 13.23% below the all time high of $0.0534.
The current circulating supply is 20,843,856,544.028 KAS.
Kaspa (KAS) is a revolutionary cryptocurrency that stands out as the world’s first blockDAG, a digital ledger that enables parallel blocks and instant transaction confirmation. It is a decentralized, open-source, and fully scalable Layer-1 solution, designed to overcome the limitations of traditional blockchains. Launched on November 7, 2021, Kaspa is a community-driven project with no central governance, aligning with the ethos of renowned coins like Bitcoin and Litecoin.
Kaspa employs the GHOSTDAG protocol, a proof-of-work consensus mechanism that allows blocks created in parallel to coexist and be ordered in consensus, eliminating the concept of orphan blocks. This protocol enables secure operation while maintaining high block rates and minimal confirmation times, dominated by internet latency. The network’s fast block rate decreases the variance of mining income, promoting mining decentralization and contributing to the security and robustness of the network.
Kaspa is distinctive for its scalable throughput and immediate confirmations, relying solely on simple proof-of-work principles. Its protocol’s simplicity ensures provable security, a feature not guaranteed in any proof-of-stake coin. Unlike fast but centralized coins like Solana and Ripple, Kaspa remains a classic decentralized solution, achieving high performance using well-understood, rudimentary tools, and gentle generalization of the Nakamoto consensus.
Kaspa boasts several key features, including fast transactions with its blockDAG network generating multiple blocks every second, instant confirmation with transactions fully confirmed in 10 seconds on average, and efficient proof-of-work through the kHeavyHash algorithm. It also offers high security with no compromise to decentralization, achieved with pure, stake-less, proof-of-work combined with the revolutionary GhostDAG Consensus mechanism. Furthermore, Kaspa provides solutions for scalability issues without trading off security and decentralization.
Individuals interested in Kaspa can join its growing community, contribute to its development, and participate in discussions on platforms like Discord, Telegram, and Reddit. Kaspa welcomes enthusiasts, coders, marketers, vloggers, community managers, and anyone willing to be part of a project that is reshaping the future of finance and technology.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Kaspa is $966.97M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Kaspa is $0.0534. This all-time high is highest price paid for Kaspa since it was launched.
Over the last 24 hours, the trading volume of Kaspa is $9.62M.
The current circulating supply of Kaspa is 21 billion.
No, Kaspa is not currently available on Coinbase, but you can sign up to get the latest news on Kaspa and be notified when it gets added to our exchange.
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