Jan 31, 2023 | News
An ever-changing list of frequently asked questions, concerns, and misconceptions about Kaspa for beginners and new users has been compiled to help them navigate the cryptocurrency.
Kaspa can be purchased on various exchanges such as CoinEx, MEXC, TxBit, and TradeOgre.
For those looking to store their Kaspa, non-custodial wallet options can be found at https://medium.com/kaspa-currency/kaspa-wallets-non-custodial-wallet-options-for-kas-8b473ff01c60.
Users may notice that their Kaspa wallet address changes regularly. This is a security feature to protect their privacy and does not affect the functionality of their mining wallet address.
Once all Kaspa coins are mined, transaction fees will become the main source of income for miners.
Kaspa currently operates at approximately 1 block per second (BPS) and 200 transactions per second (TPS), but theoretical estimates suggest it could reach up to 100 BPS and 20,000 TPS in the future.
Development for Ledger and hardware wallets is underway, and more information can be found in the Kaspa whitepaper and development roadmap at https://kaspa.org/developments/.
Kaspa does not have a contract address as it is a Proof of Work (PoW) coin, not a token. There will also be no master nodes as all nodes are equal, contributing to Kaspa’s decentralization.
Staking is not possible with Kaspa as it is not a PoS (Proof of Stake) coin.
Running a node does not yield direct profit but contributes to the network’s strength and decentralization.
As for NFTs, they may be supported on L2 in the future.
In comparison to PoS coins, Kaspa is less centralized, does not create a “rich get richer” scenario, and uses less energy due to its Optical Proof of Work algorithm. L2s and smart contracts could be supported in the future as the community continues to develop Kaspa’s base layer.
Current discussions about L2 and smart contracts are taking place on the Kaspa Discord server’s #smart-contract-brainstorming channel.
Tokenomics, emission, and mining details can be found at https://medium.com/kaspa-currency/tokenomics-emission-and-mining-6653cc473a7a.
The maximum supply of Kaspa may vary due to several factors such as halving schedules and block rates, but the hard cap is set at 29 billion in code.
For more information, the Kaspa Wiki FAQ is available at https://wiki.kaspa.org/en/FAQ.
Stay connected with the Kaspa community through their official website, Discord, Telegram, Twitter, Reddit, GitHub, and Explorer.
For any additional questions or discussions, feel free to reach out on the Kaspa Discord or leave a comment below.
Jan 30, 2023 | News
KaspaVision has released a new set of videos on their YouTube channel, offering viewers a range of content such as Ask Me Anything (AMA) sessions, informational videos about Kaspa, and contributions from the community. For those short on time, the channel also features Kaspa Snippets, which are brief clips from past AMAs and interviews that provide quick insights or previews of the full videos.
Michael Sutton, Yonatan Sompolinsky, and Shai Wyborski, the key figures behind Kaspa, share their knowledge and expertise through these videos. Additionally, Kaspa utilizes a technique called pruning to keep the size of its blockDAG manageable, allowing for a decentralized network without the need for large storage capacities.
Kaspa also invites its audience to connect through various platforms including their website, Discord, Telegram, Twitter, Reddit, GitHub, and their block explorer. The community is encouraged to engage, ask questions, and join the conversation.
For more information and to watch the latest content from Kaspa, visit their YouTube channel and check out the original post on Kaspa’s website.
Jan 29, 2023 | News
Kaspa, a Layer-1 Proof-of-Work coin, prides itself on its fair launch, meaning there was no initial coin offering (ICO), no vesting phase, and no premine. The maximum supply of Kaspa (KAS) is estimated to be around 28.7 billion, with approximately 16.28 billion currently in circulation.
The transaction fee for Kaspa is currently set at 0.0001 KAS per UTXO. The Kaspa Monetary Policy outlines two primary phases for coin distribution: the Pre-deflationary Phase, which started on November 7th, 2021, and ended on May 8th, 2022, and the Chromatic Phase, where block rewards gradually decrease following a unique musical scale.
As of January 1st, 2023, it’s projected that about 15.3 billion KAS will have been mined, with this figure rising to approximately 25.1 billion by January 1st, 2025. By July 10th, 2026, it’s expected that 95% of all KAS will have been mined.
The mining rewards are calculated per second rather than per block to ensure a steady emission rate even if block rates change. This approach also aims to mitigate the dominance of ASIC miners by ensuring that most coins are mined before ASICs become prevalent.
Interestingly, the word “KASPA” has origins in Old Aramaic, where it means “money” or “silver.”
For more information or to connect with the Kaspa community, you can visit their official website, join their Discord, follow them on Telegram, Twitter, Reddit, or GitHub, and explore the blockchain using their Explorer. If you have any questions or comments, feel free to reach out or join the discussion on the Kaspa Discord under the username Bubblegum Lightning.
Read more about Kaspa’s Tokenomics, Emission, and Mining on their official website.
Jan 28, 2023 | News
On January 25th, 2023, Insider Crypto News hosted an AMA (Ask Me Anything) session with Wolfie, who is part of the Kaspa Business Development team. If you missed the live event, you can catch up by watching the interview recap on the Insider Crypto News YouTube channel.
During the interview, Wolfie answered various questions about Kaspa, including topics such as the difference between blockchain and blockDAG technology, Proof-of-work, the blockchain trilemma, and future development plans for Kaspa.
For those who are looking for quick answers to their Kaspa-related questions, the community is always ready to help on the Kaspa TELEGRAM and DISCORD channels.
For more information about Kaspa, you can visit their official website, join their DISCORD server, follow them on TELEGRAM, TWITTER, or REDDIT, check out their GITHUB page or use the EXPLORER.
Feel free to leave comments or ask any questions you may have. You can also find me on the Kaspa discord as Bubblegum Lightning.
To read more about the Kaspa AMA recap with Insider Crypto News, check out the original post on the Kaspa website.
Jan 28, 2023 | News
Kaspa Node Monitor, developed by imalfect, is a new tool that allows users to easily keep track of their Kaspa Node. The source code and installation instructions are available on GitHub.
The monitor provides information on block and header counts, peer count, DAA score, blue score, node version, sync status, network details, and network difficulty. It also displays hardware information such as the hostname, location, CPU model, thread count, RAM availability, and system load. However, users have the option to disable the hardware information if they choose.
It’s important to note that Kaspa Node Monitor is still in its beta phase and may have some bugs.
For any questions or concerns, users can reach out to imalfect on the Kaspa discord server.
Additionally, Kaspa utilizes the kHeavyHash algorithm for network consensus and security, which is less energy-intensive compared to other proof-of-work networks.
For more information and updates on Kaspa, users can visit their website, Discord server, Telegram channel, Twitter page, Reddit community, GitHub repository, and block explorer.
Comments and questions are welcome, and users can also find the author on the Kaspa discord server under the username Bubblegum Lightning.
The original post about the Kaspa Node Monitor 0.1.1 Beta Release can be found on the Kaspa website.
Jan 27, 2023 | News
Kaspa coins can now be easily and securely stored on various platforms, including Desktop, Web, Android, and iOS. The Kaspa network offers four live wallet options: the Kaspa Web Wallet, KDX Desktop Wallet, Kaspa Command Line Wallet, and the Kaspa Mobile Wallet, which is still in the testing phase of development.
The Kaspa Web Wallet is user-friendly and secure, with a simple interface for sending and receiving payments. The KDX Desktop Wallet is a downloadable wallet that includes a full-node software, miner, and wallet in one. The Kaspa Command Line Wallet is for more experienced users and requires command line knowledge. The Kaspa Mobile Wallet, Kaspium, offers an easy-to-use interface with multiple wallet support and biometric authentication.
It’s important to note that these are non-custodial wallets, meaning users are responsible for keeping their private keys safe and managing access to their funds. Hardware wallet support is also in the works for the Kaspa network.
For those looking to get started with Kaspa coins, the Kaspa Faucet offers a small amount of KAS to help users get started. Additionally, the Kaspa community can be found on various platforms, including Discord, Telegram, Twitter, Reddit, and GitHub. Users can also explore the Kaspa network through its explorer.
Non-custodial wallets offer more security as users have complete control over their funds without relying on third parties. However, this also means that users must take care to back up their wallet’s secret phrase, as losing it could result in the loss of funds.
For any questions or further information, the Kaspa community is available to help on their Discord channel.