Blockchain technology is on the cusp of a major market surge. Cryptocurrencies like Bitcoin and Ethereum remain at the top of the mountain, but other tokens are beginning to carve out a place of their own. That is where Kaspa comes into play.
Making a Kaspa price prediction is tough, partially because of the newness of the network. Knowing where things will be next week is difficult enough, but where will Kaspa’s value be in 2030? Let’s take a deeper look at what Kaspa is, how it works, and where its value could wind up by the time 2030 arrives.
Kaspa 2030 Price Prediction
Trading at about $0.08 per token, KAS has largely held its value (give or take a few percentage points) of late. Experts predict that the crypto marketplace will be bearish in the short term but anticipate bullish movement by the end of the year and beyond.
What does that mean for KAS and its price? Like other cryptocurrencies, KAS could experience significant growth by the time 2030 comes. Experts predict that it could be trading anywhere from $0.46 to $0.54 per token to begin the year. With steady growth, it could be as high as $0.75 per token by the end of the year.
Though that doesn’t seem like much, it puts KAS in an important position. Right now, the $1-per-token threshold is something that most cryptocurrencies attempt to achieve. Being able to get near that mark would be a huge sign of growth for Kaspa, resulting in a more than 900% increase from its current price.
What is the Kaspa Blockchain and How Does it Work?
Though it is a newer player in the market, Kaspa has already created a formidable reputation. It utilizes a Proof of Work (PoW) consensus, making it a scalable, fast, and decentralized network capable of handling data and transactional processing.
At the heart of its technology, Kaspa has aims to make blockchain technology fair and more accessible. Most of the major blockchains in existence require massive mining power, which is both resource-heavy, not to mention extremely expensive. In reality, the playing field has been greatly reduced and the barrier for entry has become massive.
Kaspa looks to eliminate those barriers. Just as importantly, it is creating greater energy efficiency within the blockchain realm, something that keeps power consumption lower. In today’s eco-conscious world, that is far more important than it may seem to some.
As mentioned, Kaspa has a PoW mechanism called the Greedy Heaviest Observed Subtree Directed Acyclic Graph or Ghost DAG protocol. In your average blockchain, two miners create a block at the same time, and one gets accepted while the other is discarded. On GhostDAG, that block isn’t abandoned. The blocks instead merge, ordering them in a way that helps to maintain the consensus across the entire network. This helps create faster block generation while also ensuring decentralization and security.
How the Blockchain Functions
Let’s take a closer look to understand how the Kaspa blockchain works, which ultimately has an impact on its value:
Genesis Blocks
At the far left of the Kaspa blockchain, a “Genesis” block is created. Think of this as the starting point of the blockchain itself. It is very similar to how many other blockchains begin and is the foundational point of the blockchain.
Multiple Co-Existing Blocks
Time moves on and so does the blockchain, moving from right to left. Eventually, multiple blocks are created, labeled B, C, D, etc. They can be added simultaneously, whereas only one block can be accepted by traditional blockchains at each step. This results in abandoned or “orphaned” blocks. With Kaspa’s GhostDAG, all of the blocks not only coexist, but become part of the valid blockchain.
Connected Blocks
Each of the block points on the chain point back to several previous blocks rather than just the one that precedes it. Think of it as a system of “parents and children,” which allows for validation of each block without any sort of conflict. The blocks are ordered by the GhostDAG protocol in a way that allows consensus to be maintained, including all valid blocks and putting them into an order that is agreed upon throughout the network.
Block Validation and Propagation
As time progresses, new blocks essentially build on the ones that came before them. Not only is the previous block referenced, but so too are a variety of blocks. This helps speed up block validation and generation, allowing several minors to work at one time on different parts of the blockchain.
Solving Scalability, Providing Lower Fees
Perhaps the calling card of Kaspa is its ability to properly scale. Capable of handling a large number of transactions at the same time, it avoids congestion issues that plague larger blockchains like Bitcoin.
Even as Kaspa continues to grow, security and decentralization are not compromised. This is because the Kaspa blockchain allows for several confirmations to happen at once without needing a centralized entity.
Another benefit of being able to process several blocks at once is that confirmation times are far faster. With reduced transaction confirmation times, the blockchain avoids the previously mentioned congestion issues while also keeping transaction fees lower. This makes it a far more affordable option for those who need a larger transaction volume.
Staking a Piece of the Future
Kaspa has already made itself viable by tackling the scalability issues of traditional blockchain technology while providing energy efficiency, environmental benefits, and lower transaction fees. On top of that, it provides a level playing field when it comes to mining, something that had previously been impossible.
What that means for Kaspa’s price in the foreseeable future remains to be seen. Continued adoption and a bullish cryptocurrency market should benefit KAS holders. Just how high that climb will be remains to be seen.
