What is Kaspa?

Kaspa's primary use case is fast peer-to-peer payments, but potential future applications include financial transactions, supply chain management, decentralized applications, and digital identity verification. Kaspa aims to solve the blockchain trilemma with its secure, scalable, and decentralized architecture. The project's unique approach combines the speed and scalability of directed acyclic graph (DAG) structures with the robust security of traditional blockchains.

Kaspa's technology is based on the GHOSTDAG protocol, which is a generalization of Nakamoto consensus (Bitcoin) meaning it is theoretically as secure. The protocol uses a unique approach that combines the speed and scalability of directed acyclic graph (DAG) structures with the robust security of traditional blockchains. Kaspa's blockchain is a proof-of-work (PoW) blockchain that utilizes the PHANTOM/GHOSTAG protocols.

Kaspa differentiates itself from competitors through its use of the GHOSTDAG protocol, which allows for parallel blocks to coexist and orders them in consensus. This approach offers the best of both worlds: the speed and scalability often absent in traditional blockchains, coupled with the robust security you expect as a user. Kaspa's competitive advantages include its fast and scalable transaction validation, instant confirmation transactions, and its decentralized architecture.