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Kaspa is a pioneering Layer-1 blockchain project designed to enhance transaction processing capabilities significantly compared to traditional blockchain systems. It adopts a blockDAG structure—essentially a directed acyclic graph—enabling parallel processing of transactions. This breakthrough design challenges the limitations of conventional blockchains, particularly the issue of high orphan rates that often plague them.
The primary goal of Kaspa is to create a secure and highly scalable environment that retains key elements of Bitcoin such as proof-of-work mining, a deflationary economic model, and self-governance through a decentralized network. By capitalizing on these principles, Kaspa provides a robust platform accommodating a high volume of transactions efficiently.