Kaspa

KAS CMC #68 in the snapshot

A proof-of-work payment network that orders parallel blocks in a blockDAG instead of discarding every competing block from a single chain.

Profile checked 14 Nov 2026Asset ranks captured 14 Nov 2026Snapshot & methodology ↗

01 / THE PURPOSE

What is Kaspa for?

Kaspa focuses on transferring its native currency with frequent block production while retaining open mining. Its base ledger answers who can spend which outputs, rather than treating every payment as a general-purpose application contract.

02 / THE ARCHITECTURE

Three questions about the machinery.

How does it agree?

Consensus & security

Miners contribute proof of work. GHOSTDAG organizes concurrently produced blocks and derives an agreed ordering, so honest blocks created close together can contribute to the history instead of all becoming competing branches.

Where do instructions run?

Execution model

The base ledger uses unspent transaction outputs: a transaction consumes existing outputs and creates new ones. Nodes check signatures, spending conditions, and conflicts against the ordered history.

What is the token for?

KAS in the system

KAS is the native payment asset. Transaction senders pay fees in KAS, and miners receive protocol issuance and transaction fees for contributing accepted work.

03 / THE DESIGN CHOICES

What comes with the design?

Each architecture makes choices about security, performance, coordination, and who can participate.

Mining security depends on the distribution and economics of computing power, including specialized hardware and energy costs.
A block appearing quickly is different from the confidence required to treat a payment as settled.
UTXO management and the base ledger’s spending rules differ from the account and contract model of EVM networks.

04 / IN PRACTICE

Follow one use.

A shop receives a KAS payment. The wallet spends several customer outputs, creates one shop output and a change output, and miners include the transaction in the blockDAG’s agreed history.

05 / CHECK THE EXPLANATION

Sources & snapshot.

Network descriptions use the references below. The CoinMarketCap snapshot determines which assets are in scope and their captured rank; it does not assess the quality of a network.

Kaspa · Technical background Kaspa
Integration guide for the Kaspa blockDAG Kaspa
Kaspa tokenomics Kaspa Wiki
CoinMarketCap top 100 snapshot Captured 14 Nov 2026 · See the complete scope audit
Kaspa (KAS) on CoinMarketCap Captured asset rank #68

Profile checked 14 Nov 2026. Network designs and ranked positions can change.