A low-1 altcoin is outperforming the broader crypto markets after rallying nearly 30% in the past week.
Proof-of-work blockchain Kaspa (KAS) is trading at $0.0496 at the time of writing, up from a low of around $0.0383 a week ago.
The 44th-ranked crypto asset by market capitalization is up more than 3.6% in the past 24 hours.
Kaspa’s price increase came about this week amid several new integrations.
On Wednesday, the cryptocurrency lender CoinRabbit the project made available on its KAS-backed lending platform. Later that day, the crypto payment gateway NOWPayments arrived integrated Kaspa on its platform.
In addition, the cryptocurrency mining platform Antpool introduced a special Kaspa mining pool last week.
Kaspen goals to deliver high block creation and transaction speed without the loss of security and decentralization that many faster chains suffer from using BlockDAG. The technology allows Kaspa to generate multiple blocks per second, allowing the network to process transactions immediately.
The proof-of-work project also says so designed so that solo miners, or miners who choose to work alone rather than rely on mining pools, can also thrive.
“Kaspa is currently the fastest proof-of-work, mineable coin while remaining decentralized. The blockDAG architecture with fast block rates enables greater decentralization of mining and enables effective solo mining at lower hashrates…
In solo mining, individual miners compete with each other to solve the puzzle and earn the reward. However, the chance of the puzzle being successfully solved is small, especially given the increasing difficulty of the network.”
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Generated image: Midjourney
