Bitcoin-Inspired Altcoin Project Skyrockets 115% This Month Amid Series of Updates

The altcoin project, inspired by the spirit of Bitcoin (BTC), is blowing up this month as its ecosystem undergoes a series of major updates.

The 199th-ranked cryptocurrency Caspa (KAS) by market capitalization is worth $0.0121 at the time of writing and is up 23% in the last 24 hours, up 58% in the last week, up 86% in the last two weeks, and up 115% in the past. . 30 days.

According to Altcoin Project website:

Kaspa is the fastest and most scalable instant-confirmation transaction layer built on the proof-of-work engine to date. can be included.

BlockDAG is a version of Kaspa’s GhostDAG/PHANTOM protocol that aims to achieve high block creation and transaction speeds without losing the security and decentralization suffered by many high-speed chains.

According to Caspa,

Its design stays true to the principles that Satoshi has embedded in Bitcoin Proof of Work Mining, UTXO [unspent transaction output]Formed isolated nations, deflationary monetary policies, no pre-mines, no central rule. Kaspa has the unique ability to support high block rates while maintaining the security levels offered by the most secure proof of work environments.

Caspa is currently crowdfunding motion To put KAS in the top 10 cryptocurrency exchanges by trading volume.

?TOP 10 exchange crowdfunding update!

More than 1/4 of the way there! ?? Get this done by the March 4th deadline.

Link to donation $KAS and $USDT & see live progress here: https://t.co/Ct25Hdwlh0#KAS #Caspa #ProofWork #rust #DAG Night pic.twitter.com/PlorHUoFFo

Kaspa (@KaspaCurrency) February 27, 2023

Caspa too release A new version of the project’s whitepaper from last week explains the basics of the project’s algorithms in more detail.

last week the project announced They are in the development stage of several new hardware wallets.

Featured Image: Shutterstock/GrandeDuc/Dilok Klaisataporn