BTSE will list the Kaspa (KAS) token on September 19, 2023, making it available for spot trading. Additionally, KAS will be listed on BTSE’s wider ecosystem of 10+ white label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade KAS via the KAS/USDT and KAS/USDC trading pairs.
Key Dates
1. Deposits enabled: effective immediately (supported network: Kaspa)
2. Trading enabled: 4:00 PM (Singapore Time) on September 19, 2023
3. Withdrawals enabled: 4:00 PM (Singapore Time) on September 20, 2023
What is Kaspa (KAS)?
Kaspa is a pioneering layer-1 GHOSTDAG and proof-of-work (PoW) consensus protocol. Unlike traditional blockchains where orphan blocks are created in parallel, GHOSTDAG allows these blocks to coexist, ordering them in consensus. This means that the Kaspa blockchain is actually a blockDAG, a generalization of the Nakamoto consensus.
With this, Kaspa achieves a remarkable feat: very high block rates and incredibly short confirmation times.
But that’s not all. Kaspa boasts a plethora of features:
- Reachability: Allows users to query the DAG’s topology.
- Block Data Pruning: With imminent plans for block header pruning.
- SPV Proofs: Simplified Payment Verification proofs for lightweight transactions.
- Subnetwork Support: Paving the way for easy implementation of layer 2 solutions in the future.
Behind this innovative project is the R&D company, DAGLabs, backed by investment from Polychain Capital. However, it’s essential to note that Kaspa remains a community project – open source, decentralized, and without a business model. The brainchild of Yonatan Sompolinsky, a Postdoc CS at Harvard University, Kaspa is a testament to the evolution of blockchain technology.
Kaspa’s Unique Proposition
Kaspa’s uniqueness lies in its ability to support high block rates without compromising the security that PoW offers. Imagine a world where transactions are almost instantaneous, with the robustness of traditional PoW systems. That’s the world Kaspa envisions.
Moreover, Kaspa’s monetary policy is nothing short of innovative. Termed the “chromatic phase,” it’s inspired by the 12-note scale of music. Starting May 7th, 2022, with a block reward of 440 KAS (reminiscent of the frequency of the note A4), the block reward undergoes a smooth halving every year. Specifically, every month, the block reward is reduced by a factor of (1/2)^(1/12), mirroring the ratio of frequencies of two consecutive semitones in a tempered chromatic scale. This unique approach ensures a predictable and harmonious emission rate, regardless of the block rate.
Why Trade Kaspa (KAS)?
1. Innovative Technology: Kaspa’s GHOSTDAG protocol and high block rates make it a frontrunner in the next generation of cryptocurrencies.
2. Unique Monetary Policy: The chromatic phase ensures a predictable and harmonious emission rate.
3. Strong Foundation: Backed by DAGLabs and envisioned by a Harvard Postdoc, Kaspa has a robust foundation.
4. Community-Driven: Being open-source and decentralized, Kaspa is built for and by the community.
Users can deposit/trade KAS tokens by searching KAS on the BTSE website or mobile app.
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Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at feedback@btse.com or on X @BTSE_Official.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.
