Kaspa
Crypto Overview
Overview
Kaspa is a proof-of-work cryptocurrency that implements the GHOSTDAG protocol, a parallel DAG (Directed Acyclic Graph) structure that claims to achieve high transaction throughput while maintaining security. The project aims to solve Bitcoin's scalability limitations while preserving its core principles of decentralization and security.
Purpose and Utility
Kaspa's primary purpose is to serve as a fast, secure medium of exchange and store of value. The project introduces technological innovations in block processing that allow for block times of 1 second while maintaining strong security guarantees. This makes it particularly suitable for everyday transactions and micropayments.
Technology and Development
The project demonstrates active development with regular GitHub commits and protocol improvements. The GHOSTDAG protocol represents a genuine technological innovation in the blockchain space, particularly in how it handles block ordering and consensus.
Current Usage and Adoption
Kaspa has gained traction in the mining community due to its ASIC-resistant mining algorithm. The network maintains a healthy hashrate with significant decentralization among miners. Trading volume and market adoption are growing, though still in early stages.
Token Distribution
Kaspa had no ICO, pre-mine, or venture capital funding. All tokens are created through mining, similar to Bitcoin's distribution model. This indicates a fair launch with no preferential distribution to founders or early investors.
Revenue Model
The project's economic model is based purely on mining rewards and transaction fees, with no lending, staking, or interest-bearing mechanisms involved.
Crypto Impact
To assign a comfort level investing in Kaspa from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Kaspa.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.