Draft:Kaspa (cryptocurrency)
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| Submission declined on 20 March 2024 by Robert McClenon (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. | |
| Submission declined on 20 December 2023 by Qcne (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
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Comment: The title of this draft either has been disambiguated or will require disambiguation if accepted.If this draft is accepted, a hatnote will need to be added to the primary page to refer to this page. If there is already a hatnote on the primary page, please review whether a disambiguation page is in order instead.The primary page is Kaspa.Does the author of this draft have any sort of financial or other connection with the subject of this draft? Please read the conflict of interest policy and the paid editing policy and make any required disclosures.You may ask for advice about conflict of interest at the Teahouse. If this draft is resubmitted without addressing the question about conflict of interest, it may be Rejected or nominated for deletion. Robert McClenon (talk) 06:26, 20 March 2024 (UTC)
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| Denominations | |
|---|---|
| Plural | Kaspa |
| Symbol | 𐤊 |
| Code | KAS |
| Development | |
| Original author(s) | Yonatan Sompolinsky, Michael Sutton, Shai Wyborski |
| White paper | [PHANTOM, GHOSTDAG](https://eprint.iacr.org/2018/104.pdf), [DAG KNIGHT](https://eprint.iacr.org/2023/DAGKnight.pdf) |
| Initial release | November 7, 2021 |
| Code repository | [1](https://github.com/kaspanet) |
| Development status | Active |
| Written in | Rust, formerly Go |
| Source model | Open source |
| License | MIT License |
| Ledger | |
| Timestamping scheme | Proof-of-work (BlockDAG) |
| Hash function | kHeavyHash |
| Block time | 10 Per Second |
| Supply limit | 28.7B |
| Website | |
| Website | [2](https://kaspa.org) |
Kaspa is a cryptocurrency that leverages proof-of-work consensus mechanism and introduces the GHOSTDAG protocol to enhance scalability and transaction speed within its network. Unlike conventional blockchain technologies, Kaspa implements a blockDAG (Directed Acyclic Graph) structure, aiming to address the scalability and efficiency challenges of traditional blockchains.[1][2]
History[edit]
Kaspa originated from the research and development efforts of DAGLabs, co-founded by Yonatan Sompolinsky. Although DAGLabs eventually disbanded, the foundational work contributed significantly to the Kaspa project, which continued to evolve with the involvement of former DAGLabs developers and researchers. The project emphasizes a decentralized development approach, with no central authority overseeing its progression. Initial funding was secured from Polychain Capital, ensuring the project's launch without premined coins, in alignment with principles of fairness and transparency.[3]
Technology[edit]
Kaspa's architectural framework diverges from conventional blockchain models by incorporating a blockDAG (Directed Acyclic Graph) structure, which enables the concurrent processing of blocks and transactions. This structural choice is intended to improve the network's transaction throughput and operational efficiency. At the core of Kaspa's design is the GHOSTDAG protocol, a consensus mechanism developed to enhance the speed and reliability of the consensus process within the network. The implementation of GHOSTDAG aims to provide a secure environment for transactions by addressing some of the scalability and security challenges associated with traditional blockchain systems.[4] [5]
Development[edit]
The development phase of Kaspa introduced the DAG KNIGHT protocol, designed to manage network latency autonomously and improve adaptability to latency changes. This initiative is part of a broader effort to enhance network security and efficiency. In addition, Kaspa transitioned its core programming from Go to Rust, aiming to utilize the latter's improved performance and safety features. A significant achievement in this phase was reaching a 10 Blocks Per Second (BPS) throughput on the testnet, which indicates an increase in the network's capacity for processing transactions.[6][failed verification][7]
Energy Consumption Critiques and Photonic Mining Innovations[edit]
The Proof of Work (PoW) consensus mechanism, which Kaspa employs, has faced scrutiny due to its high energy demands, a widespread concern within the cryptocurrency community. Acknowledging these energy concerns, a team from Stanford University proposed using photonic circuits, aiming to lower the energy needs for mining activities. These innovative circuits are designed to make mining more accessible and feasible for a broader audience by reducing reliance on cheap energy sources. The researchers' development, LightHash, builds upon HeavyHash, a system used by Kaspa and other networks, offering a promising reduction in energy consumption—potentially up to ten times less than current digital processors. This approach suggests a move towards more energy-efficient cryptocurrency mining, addressing critical environmental concerns associated with PoW mechanisms and indicating a path forward for Kaspa and similar technologies to adopt more sustainable practices.[8][9]
References[edit]
- ^ "Researchers Propose New Version of Scalable Blockchain Alternative". Retrieved 2024-03-20.
- ^ "2018 32nd International Conference on Advanced Information Networking and Applications Workshops (WAINA)". doi:10.1109/ACCESS.2019.2904181. Retrieved 2024-03-19.
- ^ "Kaspa (KAS): A Detailed Guide to What It Is and How It Works". 6 March 2024. Retrieved 2024-03-20.
- ^ "What is Kaspa?". Retrieved 2023-12-20.
- ^ "PHANTOM and GHOSTDAG: A Scalable Generalization of Nakamoto Consensus". Retrieved 2024-03-19.
- ^ "The DAG KNIGHT Protocol: A Parameterless Generalization of Nakamoto Consensus". Retrieved 2024-03-19.
- ^ "A New PoW Leader? Guide to KAS Economic Model and Market Data". 27 January 2023. Retrieved 2024-03-19.
- ^ "Stanford team shines light on cryptocurrency, designs photonic circuits to save energy". 27 April 2023. Retrieved 2024-03-20.
- ^ "NEW PHOTONIC BLOCKCHAIN BREAKTHROUGH ENABLES PROFITABLE MINING FOR 'ALL'". 27 April 2023. Retrieved 2024-03-20.
Category:Cryptocurrencies Category:Proof-of-work cryptocurrencies