While solutions like the Lightning Network aim to solve Bitcoin’s scalability challenges by moving transactions off-chain, other approaches attempt to solve the problem directly on-chain. Achieving scalability on the base layer typically requires creating a new cryptocurrency or fundamentally modifying Bitcoin itself through a hard fork. Several projects have explored this path. One notable example is Kaspa, which is a new cryptocurrency, and approaches scalability differently by replacing the traditional blockchain structure with a BlockDAG (Directed Acyclic Graph). This design aims to address the so-called “blockchain trilemma”—seeking to achieve scalability, decentralization, and security simultaneously. The word Kaspa means silver in Aramaic language, and the reason for choosing the name Kaspa for this crypto, is that it creates the same relationship that silver had with gold in ancient times. Silver was historically used for smaller transactions and was more scalable in this way. This is the same that Kaspa is trying to do, and Bitcoin is compared to as gold. Since its launch in November 2021, Kaspa has demonstrated promising performance in terms of speed and throughput. However, like any relatively new technology, it is still developing and has yet to establish a long-term track record. Ongoing development can be a positive sign of innovation, but it also means the system is still evolving, which may affect confidence until it matures further. If such approaches prove reliable over time, they could represent a path toward fulfilling the original vision of Bitcoin as efficient, peer-to-peer electronic cash systems. Kaspa has also recieved strong backlash from many in the Bitcoin community, mainly because it is a direct competitor as crypto money, since money in the free market tends to be a winner takes all market.

This is an ongoing discussion, and only time will tell. I encourage you to do your own research. At the end of the day, what both Bitcoin, Kaspa and many others are trying to fulfill, is to get Sound Money back again. This is what matters in the grand scheme of things.

To explore this topic further, you may want to look into the concept of the “blockchain trilemma,” which explains the core trade-offs in blockchain design. To learn more about Kaspa, I would recommend the Youtuber “Kaspa Silver”.

When using Kaspa directly for everyday purchases, I would recommend this wallet:

???? Important
Kaspium Wallet is a “hot wallet” which is best for spending, not saving.
For long-term storage, use a hardware wallet.