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Kaspa

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[AI-DRAFTED · AWAITING VERIFICATION]

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anchored·3PHyTU…dBpz

Summary

Kaspa is a proof-of-work cryptocurrency launched in November 2021 that implements the GHOSTDAG blockDAG protocol, developed from academic research by Yonatan Sompolinsky at the Hebrew University of Jerusalem. The project claims a fair launch with no premine, no ICO, and no venture capital allocation to insiders, though pre-launch R&D was funded by Polychain Capital through the now-dissolved DAGLabs entity. Kaspa has a credible technical foundation and transparent governance, but faces centralization concerns from institutional ASIC miners and carries unresolved questions about the erasure of early transaction history following a genesis reset in November 2021.

Connected Entities

10 entities · 60 linked investigations
Individuals
○Yonatan Sompolinsky○Aviv Zohar
Organizations
□Kraken62□Ethereum□Kaspa□Binance□Phantom Wallet
Tokens
♦Coinbase♦Bitcoin♦Litecoin
Relationships
  • Aviv Zohar→member of→Kaspa(80%)
  • Yonatan Sompolinsky→member of→Kaspa(95%)
  • Ethereum→mentioned with→Coinbase(60%)
  • Ethereum→mentioned with→Bitcoin(60%)
  • Litecoin→mentioned with→Bitcoin(70%)
  • Kaspa→mentioned with→Coinbase(60%)
  • Phantom Wallet→mentioned with→Ethereum(70%)
  • Kaspa→mentioned with→Litecoin(60%)
  • Kaspa→mentioned with→Ethereum(65%)
  • Kaspa→mentioned with→Binance(60%)
  • + 11 more
Also appears in
LiFi Protocol·38Zcash·50Cosmos Hub·58Gate.io·32Patrick Steven Yaroch — FBI Agent Crypto Theft·0LayerZero Protocol·55Kraken·62Usual USD0·42Rain Protocol·14MemeCore·22+ 50 more

Connected Through

7 shared actors · 607 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Kaspa?

Timeline(16 events)

2018

DAGLabs founded by Yonatan Sompolinsky to commercialize the GHOSTDAG protocol, receiving approximately $8 million from Polychain Capital, Accomplice, and Genesis Mining.

Kaspa Wiki — DAGLabs

7 November 2021

Kaspa mainnet launched with no premine, no ICO, and no VC token allocation. Initial block reward set at 440 KAS. Genesis block produced November 8, 2021.

Kaspa Wiki — History and Fair Launch

21 November 2021

Critical bug caused a complete network split approximately two weeks after mainnet launch, with roughly 648 million KAS already mined. Development team hardwired a new genesis block based on the last stable checkpoint UTXO set, erasing on-chain transaction records from the initial launch period.

Medium — The Forgotten Blocks

14 April 2022

First hard fork since genesis reset, addressing deep side-chain spam attacks.

KasLens Kaspa Wiki

July 2022

Core developer Michael Sutton announced the Rust rewrite initiative (Rusty Kaspa / KIP-001) in the official Kaspa Discord. Community approved and subsequently funded the effort with 100 million KAS.

Rusty Kaspa FAQs — KasMedia

12 September 2022

Developer Ori Newman discovered the sig_op_count consensus vulnerability during the Rust rewrite process.

Kaspa Security Patch and Hard Fork — Medium (Michael Sutton)

28 September 2022

Permanent hard fork activated at DAA score 27,905,000, fixing the sig_op_count consensus vulnerability by including the field in the transaction hashing process.

Kaspa Security Patch and Hard Fork — Medium (Michael Sutton)

31 October 2022

DAGKnight whitepaper published by Yonatan Sompolinsky and Michael Sutton on the 14th anniversary of the Bitcoin whitepaper, introducing a parameterless generalization of Nakamoto consensus.

The DAGKnight Protocol — ePrint

September 2023

Marathon Digital Holdings deployed its first Kaspa mining machines, beginning institutional ASIC mining on the network.

Marathon Digital Holdings Kaspa Mining Operations — MARA IR

7 January 2024

Testnet 11 (TN11), the 10 BPS Kaspa testnet, launched for the Crescendo upgrade.

Kaspa's 2025 Upgrades — CoinMarketCap Academy

May 2024

Rusty Kaspa (Rust implementation) released as stable and recommended as the primary network client.

Kaspa on Rust: First Stable Release — Medium

25 June 2024

Marathon Digital announced it had mined 93 million KAS (approximately $15 million in value) and was targeting approximately 16% of Kaspa's global hashrate using 60 petahashes of Bitmain ASIC hardware.

Marathon Digital Diversifies Revenue by Mining Kaspa — CryptoSlate

30 June 2024

Kasplex KRC-20 beta launched, introducing fungible token standard on Kaspa Layer 2.

Introducing Kasplex — KasMedia

5 May 2025

Crescendo hard fork activated on mainnet at DAA score 110,165,000, upgrading the network from 1 BPS to 10 BPS and implementing all Kaspa Improvement Proposals KIP1 through KIP15.

Kaspa Updates to Crescendo and 10BPS — kaspa.org

30 April 2026

Toccata hard fork code freeze finalized, incorporating native covenants (SilverScript compiler), ZK verification opcodes, RISC Zero STARK verifier, and native KRC-20 token issuance at the consensus layer.

Kaspa Covenants Toccata Hard Fork Outlook — Medium (Michael Sutton)

5 June 2026

Toccata hard fork mainnet activation window opens (June 5–20, 2026), introducing native L1 programmability, covenants, and ZK infrastructure.

KAS.live Hardfork Countdown
Provenance & Audit Trail
Anchored on SolanaVerify on-chain37 Wayback Archives

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (4 events). 37 of 43 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-09-0948 claims checked14 corrections pending0 applied⛓ anchoredSee findings →
full audit log →version history →

model: claude-code-investigator

generated: 5/13/2026, 3:54:12 AM

last updated: 7/26/2026, 1:46:57 PM

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