What is Kaspa (KAS)?

Kaspa is an open-source layer-1 web3 project that leverages the GhostDAG consensus protocol to deliver the highest scalability and transaction speed on a Proof-of-Work (Pow) engine. Unlike the sequential approach followed by traditional PoW blockchains like Bitcoin, GhostDAG allows for parallel block co-existence and creation, followed by integrating them into the main chain. It makes Kaspa the fastest and most scalable instant confirmation transaction layer with the high proof-of-work security. Currently, its block rate is 10 per second and is aiming at 100 blocks per second with future upgrades.

KAS is the native cryptocurrency that powers Kaspa. Its maximum supply is 28.7 billion, with 26.08% currently in circulation. It plays a crucial role in various aspects of the network, including transaction fees, mining rewards, and executing smart contracts.

How Does Kaspa (KAS) Work?

Kaspa is designed to be faithful to the principles of Bitcoin creator Satoshi Nakamoto, while still delivering fast and scalable results. Similar to Bitcoin, it follows proof-of-work mining, UTXO-formed isolated state, no-premine, and a deflationary monetary policy. However, to deliver a high block rate and instant settlement, Kaspa has built a transaction layer on a proof-of-work engine. This layer is structured on blockDAG architecture instead of blockchain, allowing it to handle the "security-scalability-decentralization" trilemma better. The blockDAG architecture used by Kaspa for this purpose is GhostDAG, a proof-of-work consensus protocol that generalizes Nakamoto's chain into a directed acyclic graph.

Normal blockchains add only one block at a time. If two nodes create blocks at the same time, one of the blocks gets discarded. Such thrown blocks are called "orphans", and too many orphans weaken the network security. Kaspa's GhostDAG solves this by keeping the orphans instead of throwing them away. It arranges them in a tree-like structure and then uses a novel greedy algorithm to filter the honest blocks and arrange them in order. This way, it uses Bitcoin-like security with PoW base and scalability with GhostDAG integration. Additionally, Kaspa's fast block generation decreases the fluctuations in the network miner incomes. This reduction eliminates the incentive for joining mining pools for miners and promotes them to contribute individually, boosting overall decentralization.

Its native token, KAS, had zero pre-mine and pre-sales, with no fixed allocations. This tokenomic aspect makes KAS 100% decentralized and community-managed as per Kaspa's official website. KAS has a max supply of 28.7 billion with an emission schedule that reduces to half once every year via monthly reduction of  (1/2)^(1/12).

How to Buy Kaspa Coin in India?

There are many platforms where you can invest and buy the Kaspa (KAS) coin in India.

One such platform is Flitpay. To buy Kaspa in INR, sign up to Flitpay, by entering your registered email id, a strong password to secure your account, and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through your bank account, deposit the INR you want to buy KAS coin and execute the purchase. The amount of KAS bought will reflect in your Flitpay wallet.

This way you can instantly buy KAS with INR or withdraw KAS to INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

How Do I Convert KAS to INR in India on Flitpay?

Buying and converting the KAS to INR on Flitpay is a task of a few clicks using Flitpay's quick buy/sell order facility.

If you have already made a KAS purchase on Flitpay and want it to convert into INR, all you need to do is sell it on Flitpay, and you will receive the INR in return. If you have your KAS holdings in another exchange, you will have to deposit your crypto on Flitpay and then execute the selling process to convert KAS coin into INR.

You can easily withdraw your converted INR to your bank account using Flitpay's instant bank withdrawal service.

What to Do After Buying Kaspa (KAS) Coins?

KAS coin can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the KAS until it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is the Kaspa (KAS) coin?

Kaspa (KAS) is a fast, open-source cryptocurrency that uses a unique GhostDAG protocol. It allows multiple blocks to coexist, enabling high-speed transactions without compromising security or decentralization.

What is the Kaspa (KAS) price in India?

Check out the current INR price of Kaspa coin in India on Flitpay.

Where can I buy Kaspa (KAS) crypto in India?

Flitpay is the best cryptocurrency exchange in India to buy KAS coin buy Dogecoin or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

How to sell Kaspa coin in India?

You can now seamlessly sell Kaspa coins in India on Flitpay with these 4 easy steps.

To sell Kaspa (KAS) coin in India:

1. Register and create an account on Flitpay.

2. Complete your KYC verification.

3. Now deposit your KAS coins via crypto deposit option on Flitpay. (Need help? Check out our detailed guide.

4. Sell your deposited KAS coins for INR using QBS (Quick Buy/sell).

5. The converted INR can now be withdrawn directly to your bank account--hassle free!

Why choose Flitpay to buy Kaspa (KAS)?

Flitpay crypto exchange stands out as the most reliable and secure platform to buy KAS crypto and other cryptocurrencies in India. Here's why:

• Swift and Secure: Flitpay's quick buy/sell feature allows investors to buy KAS swiftly within seconds. Flitpay has also implemented robust security measures, including 2FA at various stages, and integrated multi-party computation (MPC) technologies to protect customers' invaluable investments.
• 99.9% Uptime: The robust build and interface of Flitpay ensure 99.9% uptime, allowing you to access your KAS investments anytime without any hitches or glitches.
• Price Alerts: Flitpay's timely price notifications and alerts keep investors updated with price changes, allowing users to easily seize the right opportunity to buy or sell Kaspa even when offline.
• Instant Deposits and Withdrawals: Access your funds hassle-free through instant deposit and withdrawal services. With Flitpay, you can easily convert your KAS to INR or INR to KAS and withdraw your funds instantly.

What are the benefits of Kaspa (KAS)?

Kaspa (KAS) offers very fast transactions, high scalability, and strong security by using the GhostDAG protocol on a Proof-of-Work base. It avoids traditional Bitcoin blockchain principles but has the capabilities to let multiple blocks coexist. KAS ensures decentralization with no premine, supports fair mining rewards, instant confirmations, and follows a deflationary supply model, aiming for up to 100 blocks per second. It claims to present a solution to the long-standing blockchain dilemma by establishing a balance between security, scalability and decentralization, all together.

Is it safe to invest in the Kaspa coin in India?

Yes, investing and trading Kaspa (KAS) coin is safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying KAS coin. The platform offers real-time prices and advanced investing features.

Where can I deposit and withdraw Kaspa (KAS) crypto in India?

Your search for secure crypto deposits and withdrawals in India ends here. Flitpay is the only crypto exchange to facilitate hassle-free and Instant crypto deposits and withdrawals in India with minimal or no fees.

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