Karlsen (KLS) is a GPU-centric cryptocurrency fork of Kaspa designed to empower small-scale miners and enhance decentralization. More
| Fully Diluted Valuation | $507,850 |
|---|---|
| 24H Trading Volume | $203,360 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 2.25B |
| Total Supply | 2.31B |
| Max Supply | 4.96B |
| Categories | Proof of Work (PoW) 2 more |
|---|---|
| Founder | Olaf Carlson-Wee 2 more |
| Website | karlsencoin.com |
| Socials | 2 more |
| Explorer | Karlsencoin |
| Name | Pair | OG Score |
|---|
Karlsen (KLS) is a cryptocurrency that aims to empower small-scale miners by introducing a GPU-centric approach as a fork of the Kaspa blockchain. This shift helps counter the dominance of ASIC mining farms, making mining more accessible and promoting a decentralized network. Karlsen offers a robust ecosystem that includes a desktop wallet, mobile app, blockchain explorer, and network dashboard, providing users with essential tools and real-time data.
Technology Behind Karlsen
At the core of Karlsen's technology is the Kaspa blockDAG (Directed Acyclic Graph), which allows multiple blocks to be created and confirmed at the same time. This structure enhances scalability and transaction speed. Karlsen uses the GhostDAG protocol to process blocks quickly while maintaining security. This design helps prevent attacks like double-spending and discourages the centralization of mining power, further enhancing the network's security and resilience.
Real-World Applications
Karlsen's GPU-friendly hashing algorithm allows more people to participate in mining, enhancing security and decentralization. The platform also features a faucet for distributing coins, a graph inspector tool for analyzing the network, and user-friendly wallets for secure KLS management. With a planned mainnet launch, Karlsen aims to bridge blockchain technology with traditional payment systems, making it versatile for various financial applications.
Key Events in Karlsen’s Development
Karlsen has achieved several significant milestones since its launch. The mainnet went live in November 2023, laying the groundwork for further development. In January 2024, Karlsen launched its testnet and got listed on major exchanges like MEXC and ivendPay. The following month marked the start of smart contract development, paving the way for decentralized finance (DeFi) projects. Karlsen has also enhanced its mobile platform and established partnerships to improve liquidity and user engagement.
Founders of Karlsen
Karlsen was founded by Olaf Carlson-Wee, Sam Bankman-Fried, and Vitalik Buterin. Carlson-Wee brings experience from his early work with Coinbase, Bankman-Fried is known for his role in decentralized finance as the founder of FTX, and Buterin is a key figure in blockchain technology as the co-founder of Ethereum. Their combined expertise aims to bridge the gap between blockchain technology, decentralized finance, and traditional payment systems.
In summary, Karlsen (KLS) is a forward-thinking cryptocurrency that focuses on decentralization, empowering small-scale miners, and creating real-world applications for blockchain technology.
Karlsen (KLS) is unique for its GPU-centric mining approach, which empowers small-scale miners and enhances decentralization, setting it apart from traditional ASIC-dominated networks.
Karlsen (KLS) was founded by Olaf Carlson-Wee, Sam Bankman-Fried, and Vitalik Buterin, bringing together expertise in cryptocurrency investments, decentralized finance, and blockchain technology.
While specific backers or investors are anonymous, Karlsen has established partnerships with leading digital asset exchanges like MEXC and ivendPay to enhance liquidity and user engagement.
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