Kaspa Celebrates Fifth Mainnet Anniversary With 2.443 Billion Transactions
Kaspa (KAS) has marked five years since its mainnet launch, reporting 2.443 billion transactions processed across 587 million blocks, alongside approximately 569,000 wallet addresses. The milestone highlights the network's development since its November 7, 2021 launch as a proof-of-work blockchain.
The figures were shared by the @kaspaunchained account as the Kaspa community and ecosystem participants celebrated the anniversary on November 7 and 8. The network's progress comes after several major technical upgrades, including a significant increase in block production speed through its 2025 Crescendo hard fork.
Kaspa's Fair Launch and BlockDAG Architecture
Kaspa positions itself as a fair-launched proof-of-work network. According to the project's lore page, its mainnet began operating in November 2021 without a premine, insider allocation or presale distribution.
The project's early research and development involved DAGLabs. Official project materials state that the organization subsequently renounced ownership, transferred the project to the public domain and dissolved.
Unlike conventional blockchains that organize transactions into a single linear sequence, Kaspa uses a blockDAG architecture supported by its GHOSTDAG consensus protocol. According to CoinMarketCap's technical explanation, the system allows parallel blocks to be ordered rather than discarded, with the design intended to support faster block production while retaining Bitcoin-style proof-of-work security.
This architecture forms the foundation of Kaspa's approach to increasing network throughput without abandoning its proof-of-work model.
Crescendo Hard Fork Increased Block Production to 10 BPS
One of the network's most significant technical developments arrived with the Crescendo hard fork in May 2025. The upgrade followed a complete rewrite of Kaspa's node software in Rust and increased its block production rate from one block per second to 10 blocks per second.
Before the upgrade, Kaspa had maintained a one-block-per-second production rate since its initial launch. The change represented a substantial adjustment to the network's operating capabilities and marked an important stage in its technical development.
Kaspa Development Continues With Stablecoin and Smart Contract Tools
Development activity has continued during the network's fifth anniversary period. On November 3, 2026, developers published a proof-of-work oracle design intended to support the creation of Kaspa's first native stablecoin, called Kaspa Dollar.
Another development came from Kaspero Labs, which released an open-source simulator on November 2. The tool is designed to help developers audit SilverScript contracts before deploying them.
Kaspa's monetary policy has also continued through scheduled block reward reductions. CoinMarketCap lists a 5.6% block reward cut scheduled for November 5, 2026, as part of the network's monthly emission reduction. Meanwhile, Crypto Ticker reported that the reward per block declined from 2.060 KAS to 1.945 KAS on November 4, 2026. The two sources provide slightly different dates for the reduction.
Kaspa Community Plans Anniversary Celebration and Paris Hackathon
Community activities are also part of the anniversary celebrations. KasMap lists a Kaspa Fifth Anniversary Celebration scheduled for November 28, alongside plans for a hackathon at EPITA Paris.
With billions of reported transactions, continued protocol development and new ecosystem tools, Kaspa enters its sixth year with an expanding technical roadmap. However, network activity figures, including transaction counts and wallet addresses, can vary depending on blockchain explorers and counting methodologies.
source: bsc.news
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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