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Kaspa- Blockchain based on GHOSTDAG

Thu, 08 Feb 2024, 09:20 am UTC

Kaspa is the fastest, open-source, decentralized & fully scalable Layer-1 in the world. Kaspa is a proof-of-work cryptocurrency that implements the GHOSTDAG.


PHANTOM, is a proof-of-work-based protocol for a permissionless ledger that generalizes Nakamoto's blockchain to a direct acyclic graph of blocks (blockDAG). It is a protocol that generalizes Nakamoto's longest-chain protocol.

Each block can thus include several hash references to predecessors. PHANTOM then provides a total ordering of overall blocks and transactions and outputs a consistent set of accepted transactions.


GhostDAG incorporates"orphan" blocks into the chain to form a blockDAG, and then uses a novel greedy algorithm to order the blocks such that well-connected, honest blocks are favored, quickly and with high probability. It processes all blocks in parallel, linking all side chains. It can form 10 blocks per second.

Kaspa uses the kHeavyHash algorithm for consensus. It is a custom-built algorithm algorithm that doesn't use much memory.

Main features -

Transactions per second 300

Block time - 10 seconds

KASUSD surged more than 30% in the past three days after a long consolidation. It hit a high of $0.1299 and is currently trading around $0.1260.

The bullish invalidation can happen if the pair closes below $0.070. On the lower side, the near-term support is $0.11. Any break below target $0.10/$0.07. Any breach below $0.07 targets $0.05.

The immediate resistance stands at around $0.1350. Any breach above confirms bullish continuation. A jump to $0.155/$0.20 is possible. A surge past $0.20 will take it to $0.25/$0.40.

It is good to buy on dips around $0.11 with SL around $0.07 for TP of $0.25.

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