Kaspa is a cryptocurrency that uses a proof-of-work system. It is built on the GHOSTDAG protocol, which allows multiple blocks to exist simultaneously without being discarded. This results in a system called a blockDAG, rather than a traditional blockchain.
Kaspa's system enhances security and supports fast block creation, currently producing one block per second with ambitions of reaching higher rates. The technology behind Kaspa includes features like Reachability for checking the network's structure, block data pruning, and plans for subnetwork support. These elements are designed to simplify the development of additional network layers in the future.
Kaspa offers an innovative approach to blockchain, focusing on efficiency and scalability. Dogecoin (DOGE) emerged in 2013 as a playful alternative to typical digital currencies. It features a Shiba Inu meme as its logo.
Unlike Bitcoin, Dogecoin has no limit on its supply, with 10,000 new coins created every minute. Initially labeled a "memecoin," its popularity soared in 2021, reaching a top-ten position among cryptocurrencies by market cap. Its value exceeded $50 billion, driven by social media buzz, including support from Elon Musk, and an overall rise in the crypto market.
Created by Billy Marcus and Jackson Palmer as a joke, Dogecoin's growth highlights the significant influence of community and social media in shaping financial landscapes. Credits: Supplied Image; Author: Client; Unleash your inner alpha with DOGEN, the.