{
  "url": "https://blockindex.ai/coin/kas",
  "name": "Kaspa",
  "links": {
    "github": "https://github.com/kaspanet",
    "website": "https://kaspa.org/",
    "whitepaper": null
  },
  "dScore": 79,
  "market": {
    "priceUsd": 0.03006631915253885,
    "marketCapUsd": 827391198.1695011,
    "volume24hUsd": 11590193.82218501,
    "priceChange7dPct": -2.7097943,
    "priceChange24hPct": -2.73612828
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 28704026601,
    "circulating": 27518872329.25999,
    "circulatingPct": 95.87112188748208
  },
  "ticker": "KAS",
  "founder": "Dr. Yonatan Sompolinsky; DAGLabs (Elichai Turkel involved)",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:32.688909+00:00",
  "fairLaunch": true,
  "launchYear": 2021,
  "description": "Kaspa is an open-source, community-driven Layer-1 cryptocurrency that reimagines proof-of-work scalability by adopting a blockDAG architecture built on GHOSTDAG ordering and PHANTOM research. Originating from academic research led by Dr. Yonatan Sompolinsky and early engineering work through DAGLabs, Kaspa fair-launched in November 2021 with no premine and has since evolved into a decentralized, community-managed project. The protocol’s core mission is to deliver internet-speed peer-to-peer payments and a settlement layer that preserves PoW security while enabling very high block rates and near-instant confirmations. The project emphasizes transparency—source code and research are publicly available—and community stewardship, with a publicly visible multisignature dev fund operated by elected treasurers.\n\nTechnically, Kaspa distinguishes itself with a blockDAG design that orders concurrent blocks instead of discarding them, allowing sustained high throughput without compromising decentralization. The protocol uses a PoW consensus with the k-HeavyHash variant and a UTXO transaction model similar to Bitcoin but extended for DAG operation. Important engineering work includes the Crescendo upgrade (targeting ~10 blocks per second operational throughput), a Rust-language client rewrite (Testnet 11), research efforts toward DAGKNIGHT for improved scalability, and explorations of vProgs for verifiable off-chain programs and native programmability. Kaspa's approach to monetary policy is unique: a chromatic emission schedule that geometrically reduces emissions monthly by a factor of (1/2)^(1/12), providing smooth supply decline and a capped maximum supply of roughly 28.7 billion KAS.\n\nIn practice, Kaspa is positioned as a fast, permissionless settlement layer with a growing ecosystem of wallets, explorers, analytics, and exchange listings. On-chain metrics indicate hundreds of millions of transactions and hundreds of millions of blocks since genesis; the community has delivered key user-facing tooling such as the Kaspium mobile wallet, the KNG wallet, and official explorer analytics. Cross-chain connectivity advanced in late 2025 with the launch of a decentralized Kaspa bridge and growing RPC/infrastructure support through efforts like Igra Labs’ public node rollout. These developments, together with tier-1 exchange listings and ongoing developer tooling, have increased access for users and builders while maintaining the project’s focus on a lean L1 and layered programmability via rollups.\n\nKaspa’s tokenomics emphasize a fair launch and community distribution: there was no premine, no allocated token sale at genesis, and the dev fund is donation-based and governed via publicly-elected treasurers using multisig. The protocol’s emission schedule, capped supply, and high circulating percentage (reported around 94%) shape its long-term monetary outlook. Governance is largely off-chain and community-driven, with spending decisions executed through multisig by voted treasurers; there is no formal on-chain DAO nor a central CEO. Looking ahead, Kaspa’s strategic priorities include stabilizing the Rust client, completing Crescendo performance improvements, rolling out Igra rollups and EVM-compatible programmability, expanding node and RPC infrastructure, and fostering developer adoption. The principal risks remain typical of ambitious protocol projects: coordinating large upgrades across a decentralized contributor base, maintaining security during rapid protocol changes, and sustaining liquidity and developer activity over time.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoW",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 11,
    "governance": 16,
    "nodeDistribution": 22,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Decentralized"
}