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What is Kaspa? (Explanation, Consensus, KAS Tokenomics)

👉 What is Kaspa? Kaspa claims to be the world’s fastest, fully open-source, decentralized, and scalable layer-1 blockchain in the world. Kaspa is a layer-1 blockchain that aims to be the digital cash for a digital future. In short, Kaspa wants to be what Bitcoin was supposed to be. Kaspa is also the world's first blockDAG, a type of digital ledger that allows parallel blocks to coexist and provide near-instant transaction confirmation. It also uses the GhostDAG consensus protocol, which is the consensus mechanism that organizes all of these parallel blocks. It does this by ordering transactions into a linear stream which helps increase the processing speed of the network. This allows the blockchain to quickly see if the users have enough funds required to make the transactions or if those funds have already been spent elsewhere, which massively reduces the block confirmation time. 👉 $KAS tokenomics Kaspa’s KAS token has a maximum supply of 28.7 billion coins, and a current circulating supply of 17.7 billion, with a release schedule that halves each year. However, unlike Bitcoin which halves drastically when it does, Kaspa achieves a smooth monthly reduction lowering the supply gradually throughout the year. Unlike Proof-of-Stake tokens which often have rounds of pre-sales, Kaspa held a fair launch release meaning there was no pre-mining and no KAS tokens given away to early investors or adopters. 👀 Want to read more? 👉 Click here to read my article: https://www.iexplaincrypto.com/kaspa-... Timestamps ⏳ 00:00 Intro 0:42 What is Kaspa? 2:03 How does Kaspa work? 3:41 What makes Kaspa unique? 5:48 KAS tokenomics ❓ Questions you might have ❓ 🎬 What Is BITCOIN And How Does It Work?    • Bitcoin Explained: From Mysterious Or...   🎬 What Is a BLOCKCHAIN And How Does It Work?    • Blockchain Explained: The Ultimate Gu...   🤔 Who am I and why you should subscribe to this channel. Welcome to my YouTube channel! Here, you'll find a collection of educational content covering Blockchain technology, Cryptocurrency topics & NFTs. My goal is to share my passion for learning and help others gain knowledge and understanding on Crypto. As the creator of this channel, I am dedicated to producing high-quality content that is engaging, informative, and easy to understand by using whiteboard animations. Whether you're a crypto-investor, a crypto-user, or simply someone who is keen on learning about this technology, you'll find something valuable here. I believe that education should be accessible to everyone, regardless of their background or level of experience. That's why my channel is designed to be inclusive and welcoming to all viewers. Whether you're a beginner or an expert, I guarantee you'll find valuable and easy to understand content here. Thank you for visiting my channel, and I hope you enjoy the content! Don't forget to like, comment, and subscribe to stay up-to-date with the latest videos! 🫶 Subscribe:    / @iexplaincrypto   🤓 If you enjoy reading instead, click here to visit my Webpage: https://www.iexplaincrypto.com/articles/ 😍 Follow me on Twitter for more:   / vasilis_punk   #kaspa #KAS