Kaspa (KAS) is a decentralized Layer 1 blockchain designed to combine the security of Proof-of-Work with the speed required for modern digital payments and decentralized applications. Unlike traditional blockchains that process one block at a time, Kaspa uses a BlockDAG (Directed Acyclic Graph) architecture, allowing multiple blocks to be created and confirmed in parallel. This approach significantly increases throughput while maintaining decentralization and security.
Kaspa is powered by the GHOSTDAG consensus protocol, which enables the network to order and validate parallel blocks efficiently instead of discarding them as orphaned blocks. Following the Crescendo upgrade, the network now processes 10 blocks per second, providing near-instant transaction confirmations and a smoother user experience.
The native cryptocurrency, KAS, is used for transaction fees, mining rewards, and value transfers. With its innovative architecture, active open-source development, and growing ecosystem of wallets, exchanges, mining pools, and community projects, Kaspa has become one of the most closely watched Proof-of-Work networks in the cryptocurrency space.