An ever changing/growing list of Kaspa questions, concerns, and misconceptions for beginners and new users.
Where can I buy Kaspa?
CoinEx, MEXC, TxBit and TradeOgre
What wallets to use for Kaspa?
Why does Kaspa wallet address keep changing? — Should I change my mining wallet address?
It’s for increased security and your privacy, so no one could link your different payments (sent or received) to a single entity. Wallet addresses change every time the wallet detects it is used, but it doesn’t invalidate these addresses, they keep being absolutely functional, specifically you can continue mining to the same address as before, regardless of what it currently shows you.
What happens when all Kaspa coins are mined?
According to code, once the emissions are low in a couple of years of KAS per block, transaction fees will help pay for mining. There are many coins that face this ‘end of emission’ phase, BTC included.
BPS and TPS
Conservative Estimates: Currently Kaspa operates at ~1BPS and ~200TPS. Theoretical Estimates Rust rewrite: ~32–100BPS and ~6400–20000TPS
Ledger and Hardware Wallets
Currently being developed. See — Whitepaper and Roadmap/Developments
Whitepaper and Roadmap/Developments
A formal Kaspa whitepaper is on the roadmap and for the time being, the GhostDAG paper serves the whitepaper: https://eprint.iacr.org/2018/104.pdf
Roadmap/Developments — https://kaspa.org/developments/
Wen _____ development?
Usually a rough ETA is anounced at proposal. Once development has started, there is a multitude of situations that may arise from the unknown and cause delays. Kaspa is in it’s infancy and it’s better to have a fully working product than to rush.
Kaspa Whale Alert
What is the Kaspa’s contract address?
Kaspa is a L1 PoW coin, not a token, so no contract whatsoever.
Are there going to be master nodes?
No, all nodes are equal. Kaspa totally isn’t a PoS coin.
Is staking possible?
No and it will not. Not PoS.
Can I have a profit by running a node?
Nope, no direct profit. But it gives you the fastest ping for your mining, and a full control of the node and wallet functionalities: you won’t have to seek for a public node with the RPC port open, and won’t need to hope it’s healthy, well-versioned and non-malicious. This way you are also strengthening the decentralization and stability of the Kaspa network in general.
Delegators, anything else from a PoS universe?
No, purely PoW philosophy, Kaspa is Nakamoto’s spiritual heir.
Nope. Maybe on L2.
Why is Kaspa better than PoS coins that don’t use much energy, are also “very fast”, and have smart contracts?
Proof of stake (PoS) systems end up being much more centralized than many Proof of Work systems for the following reasons:
– PoS creates a “rich get richer” system — the more coins you hold and stake the more voting power you have to create new blocks. These tokens also earn more coins through staking. Since these individuals don’t need to expend resources to stake (unlike in mining), they can simply increase their overall staking amount as they earn more coins from staking rewards, and exponentially grow their influence on the network over time, forever. With PoW systems you can’t infinitely expand. There is a limited amount of energy / equipment / land leading it to be more decentralized also.
– PoS systems often have very few validators — Many big name cryptocurrencies have as few as 21 block producers. A far cry from Bitcoin’s thousands of nodes. This means it’s much easier to get compromised. The main point of a cryptocurrency is to be immutable and decentralized otherwise it makes more sense to just use a database shared with 21 people.
Kaspa uses less energy than many other PoW coins because of the hashing algorithm used — Optical Proof of Work
L2s are only becoming bigger and Kaspa will be able to support L2s and smart contracts in the future. It’s important first to get a decentralized and secure base layer with less features. It’s easier to build on top of secure bases than to make the base more secure after things are already built on it.
#L2s and smart contracts
Does Kaspa support L2 features?
No. At least not yet.
Will Kaspa implement smart contracts in the future?
When it becomes the ultimate L1, someone, or many someones, will implement L2 smart contracts over it. The Kaspa community will eventually provide any L1 support needed for a well thought design of L2.
L2 and smart contracts implementation discussions are led in the #smart-contract-brainstorming channel of the Kaspa Discord server.
Tokenomics, emission, and minning.
Why am I seeing different max supply’s in different places?
In a nut shell, the hard cap in the code is 29 billion but overall supply is an estimate, due to the halving schedule being on daa scores, rounding, original gamenet random rewards, and possibility for emission to reduce with faster block rates.
Kaspa Wiki FAQ
Comment below or find me on the Kaspa discord — Bubblegum Lightning