The Kaspa project is a Layer 1 Proof-of-Work protocol designed to overcome the scalability limitations of linear blockchains while inheriting Bitcoin's Nakamoto consensus.1 This system was designed based on the technical ambition to go beyond simple speed improvements and simultaneously secure security, scalability, and decentralization, known as the triple whammy of blockchains.1 The core concepts that make up Kaspa's economic and technical system are on-chain state and They are closely interconnected, and this is clearly defined through white papers and technical documentation. BlockDAG: Unlike the existing linear chain structure, it is a Directed Acyclic Graph structure in which multiple blocks...
Kaspa is a late stage PoW blockDAG network with strong fast mainnet execution and low dilution, but post Toccata apps and fee demand remain the main bottleneck.
Investment View
Kaspa has proved fast PoW execution, but the next test is whether real apps and fee demand emerge after Toccata.