Odaily Planet Daily reported that the 2023 Global Digital Mining Summit (WDMS) was held in Hong Kong today. Shai Wyborski, the core developer of the PoW public chain Kaspa, introduced the development achievements of the project. The number of wallet downloads exceeded 285,000, and the network computing power was 23.93 PH/s. Ranked 22nd on the entire network, surpassing DASH, LTC, and DOGE; Kaspa has a market value of US$970 million, ranking seventh among PoW mining projects, surpassing BSV, eCash, and Conflux.


It is understood that Kaspa is a PoW public chain built on the GHOSTDAG protocol, aiming to solve the impossible triangle problem of the blockchain. It will be launched in November 2021; its token KAS has risen by more than 900% from the highest of 0.0052 USDT at the beginning of the year, and is currently at 0.046 USDT, the increase remained at 780%.
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