Kaspa Token

Definition ∞ The Kaspa token is the native cryptocurrency of the Kaspa network, a decentralized, open-source project that implements the GHOSTDAG protocol. This protocol enables parallel blocks and instant transaction confirmation, aiming to solve the blockchain trilemma of scalability, security, and decentralization. The Kaspa token serves as the medium of exchange within its ecosystem and is used for network security through mining.
Context ∞ News surrounding the Kaspa token often focuses on its technological advancements, particularly its high transaction throughput and fast block times, which differentiate it from other proof-of-work cryptocurrencies. Reports frequently discuss its potential to compete with established blockchains by offering superior speed and scalability. Market analysis for Kaspa typically examines its adoption rates, mining activity, and developer community growth as indicators of its future prospects.