Dear SafePal Community,
We are excited to announce the integration of Kaspa, a decentralized, open-source and fully scalable Layer 1 network, across the SafePal wallet suite. Kaspa ($KAS) will be supported throughout SafePal’s comprehensive hardware wallet, mobile app, and browser extension solutions.
With the latest SafePal wallet app V4.7.7. update, users can now store, send, and receive the native KAS token through either the SafePal mobile app here, X1 hardware wallet here, with support from the browser extension and S1 wallet line to follow in future.
For SafePal users who want to swap assets into $KAS, they will be able to do so seamlessly via the SafePal cross-chain swap here, and selecting $KAS as shown in the images below.
About Kaspa
Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, which is structured as a revolutionary blockDAG.
Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable generalization of the Nakamoto Consensus (Bitcoin consensus). Its design is faithful to the principles Satoshi embedded into Bitcoin — proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no premine, and no central governance.
Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by the most secure proof-of-work environments. Kaspa’s current mainnet operates with one block per second. After the ongoing rust language rewrite, the core developers goal is to increase the number of blocks per second substantially, attracting the development of smart contracts and DeFi.
About SafePal:
Founded in 2018, SafePal is a comprehensive crypto wallet suite backed by industry leaders such as Animoca Brands, Binance and Superscrypt. SafePal empowers users to own their crypto adventure by accessing opportunities securely in the decentralized world via its hardware wallet, mobile app, and browser extension wallet solutions.
The SafePal platform serves over 15 million users globally across 200+ regions and countries, supporting 15 languages, 100+ blockchains with their tokens and NFTs. It also encompasses crypto asset management solutions like cross-chain swapping, trading and yielding tools, and even a CeDeFi banking gateway and Visa card for users.
SFP is a decentralized BEP-20 and ERC-20 utility token serving as the growth engine of the SafePal ecosystem, and can be used to purchase SafePal products at a discount, converted seamlessly to gas across chains in the app, in addition to rewarding token holders and education programs.
Stay informed about SafePal here
