Kaspa (KAS) Value Up Only 17% Despite Bull Run, Traders Jump To Mollars ICO
The Kaspa token has not seen the same bullish success as many cryptocurrencies this week from the Ethereum spot ETF approval rumors. On the week it’s value has increased by only 14.8% and 16.3% on the month. This stagger in value is causing many investors to sell and move, many following a continuing trend of migrating funds to the Mollars (MOLLARS) ICO.
Kaspa (KAS) token is the native cryptocurrency of a new blockchain platform. It has a value of $0.13 [cents] today. This is $0.04-cents under its all-time high, reached on February 22nd.
The reason the Kaspa blockchain platform is unique is its ability to resolve the creation of multiple ‘blocks’ on its chain at the same time. This unique process is known as Block Directed Acyclic Graph aka BlockDag.
Many blockchains can not create multiple blocks at the same time, instead they select 1 to create and discard all others. This is known as ‘orphaning blocks,’ a discarding & declining of data.
Kaspa’s offering a solution to this issue, making it a more scalable solution than most. This includes being more scalable than the chain it’s inspired by — Bitcoin-blockchain.
As other blockchains however, Kaspa needs 2 things; miners and adoption. Brand value needs to be created and various brands need to begin using the faster, more reliable blockchain to complete crypto transactions for its ecosystem to work.
The $KAS token itself is a derivative of the Kaspa blockchain. Blocks are generated on the computers of independent miners and as those blocks are created, so are KAS tokens.
These tokens are both used to pay the block miners and allow traders to invest and gain from the growth of the Proof-of-work x blockDAG blockchain.
Thus far unfortunately, the token’s growth has
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