Kaspa (KAS)

Payments

Kaspa is mainly used for fast peer-to-peer payments. It allows users to send money quickly and with low fees, making it good for everyday transactions.

Scalability and Speed

Kaspa uses a special technology called the GHOSTDAG protocol, which helps it process many transactions at once. This means it can handle a lot of users without slowing down.

Future Applications

Kaspa plans to support smart contracts, which will let developers build decentralized apps (dApps) on its network. This could open up uses in finance, supply chain management, and digital identity.

Real-World Adoption

Kaspa promotes real-world use by partnering with merchants and businesses to accept Kaspa payments, making it easier for people to use it in daily life.

Technology Benefits

Kaspa offers near-instant transaction finality and low fees, which can support microtransactions and machine-to-machine payments that are too costly on other blockchains.

Advantages

• Kaspa offers very fast transaction speeds thanks to its blockDAG technology, which allows multiple blocks to be processed simultaneously.
• It has low transaction fees, making it affordable for everyday use.
• The network is designed to be scalable, supporting a growing number of users without slowing down.
• Kaspa uses a unique consensus mechanism that helps maintain security and decentralization.

Disadvantages

• Kaspa is relatively new compared to other cryptocurrencies, so it has a smaller community and less adoption.
• Because it uses innovative technology, it may face challenges in gaining widespread trust and integration.
• Some tools and services may not yet support Kaspa, limiting its usability in certain areas.

Founders of Kaspa

• Yonatan Sompolinsky is the main founder of Kaspa. He is a computer scientist with a postdoctoral degree from Harvard University. Yonatan also co-founded DAGLabs, the research company behind Kaspa's early development. He is known for his work on blockchain protocols like GHOSTDAG, which Kaspa uses.

• Core Contributors include developers like Mike Zak and Michael Sutton, who have helped build and maintain Kaspa. Shai Wyborski contributes in quantum and cryptography research.

Together, these founders and contributors created Kaspa as a fast, scalable, and decentralized blockchain platform.

Venture Capital Investors

Kaspa has received funding from venture capital firms such as Iconium Blockchain Ventures and Yesss Capital. These investors hold minority stakes in the project.

Angel and Individual Investors

The project has also attracted individual and angel investors, including notable names like Polychain Capital.

Community and Retail Investors

Kaspa has growing interest from retail and mid-size crypto investors who support the project through trading and holding tokens.

For more detailed and updated information, you can visit Kaspa's official channels or investor profiles on platforms like PitchBook.

Halal Status

Yes, Kaspa is generally considered halal.

Reason

Kaspa follows principles of fairness and decentralization, with no pre-mine or ICO. All tokens are created through proof-of-work mining, which aligns with Islamic finance principles that emphasize ethical practices and avoid interest (riba).

Notes

Some sources show slight differences in opinion, but the majority view supports Kaspa's halal status due to its transparent and fair economic model.