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.