101% Rally Arrives: This Altcoin Takes Off After 2 Exchange Listings!

A Bitcoin (BTC)-inspired altcoin took flight after being listed by two crypto exchanges within a week.

Kaspa (KAS), hotbit And BYDFi It has doubled in price since last week following listing announcements from crypto exchanges.

The news of the listing caused the altcoin price to surge 101% from a seven-day low of $0.01587 to $0.03202. The digital asset is still trading at a weekly high at press time. This price increase also caused an 86% increase in the transaction volume.

Despite being a lesser-known altcoin in the large cryptocurrency market, Kaspa has emerged as a real competitor, inspired by the revolutionary principles of Bitcoin. Kaspa is a PoW (proof of work) cryptocurrency using the GHOSTDAG protocol. Kaspa provides the same level of security as Bitcoin (BTC), but with significantly greater scaling capacity.

Alongside its proof-of-work architecture, Kaspa claims to be the fastest and most scalable rapid approval transaction layer. All transactions sent to miners can be instantly added to the ledger with the innovative blockDAG structure.

“Kaspa is currently the fastest proof-of-work mining coin while remaining decentralized. The blockDAG architecture with high block rates allows for greater distribution of mining and enables efficient solo mining at lower hash rates.

In solo mining, individual miners compete against each other to solve the puzzle and win the prize. However, it is unlikely to successfully solve the puzzle, especially with the increasing difficulty of the network.”

Kaspa also released a new version of the project’s whitepaper last month that further explains the fundamentals of the project’s algorithm. It also recently announced that several new hardware wallets are in development.

You can follow the current price action here.


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