Disclosure: I own Kaspa (KAS) cryptocurrency. This article reflects my personal research and opinions. I'm not a financial advisor - do your own research before investing in any cryptocurrency.

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In the big 2025, cryptocurrency and blockchain technology has captivated the digital world in ways that world has never seen before.

From Bitcoin (BTC) becoming literal digital gold, to Solana (SOL) pioneering the future of high-scalability financial transfer from around the world, to even Monero (XMR) becoming the paramount figure of covert financing, blockchain technology has dominated sectors of digital financing in more unique ways than we can think of!

But with the introduction of these useful features that blockchain pioneers have crafted, a lot of these unique coins' prices have skyrocketed in value, making some of the earlier adopters of these coins multi-mega-millionaires overnight.

However, with high-value and growth of these certain coins, some newer coins have sprouted in an effort to replicate the boom that some of it's predecessors have achieved.

While some coins, like DogeCoin, Pepecoin, etc, have ironically been developed, not to achieve commercial fungible success, but instead to create a harmless Blockchain experiment. Other newer coins are a bit more degenerate.

With the rise of crypto wealth and it's exposure to the general uneducated public, there has a been a BOOM in new coins that seek to work as a way to generate wealth quickly, rather than genuine interest in blockchain technology.

This has led to the rise of some pretty generic, lame, and worthless coins being minted, and even to crypto scams being initiated surrounding "shitcoins" (colloquial term for a cryptocurrecy with little value or little capability) being used for pump & dump schemes, which con naive crypto adopters out of their money, and taint the sanctity of blockchain technologies.

Fools will taint Blockchain engineering by pulling off scams and tricking dumb motherfuckers by abusing Blockchain technology and resorting to fraudulent methods. In a nutshell, it can be explained as this:

• Low barrier to entry:

  • Creating a new token is trivially easy on platforms like Ethereum or Solana

• Information asymmetry:

  • Inexperienced investors can't distinguish legitimate projects from scams

• FOMO exploitation:

  • Scammers create artificial hype and urgency

• Rug pulls:

  • Developers abandon projects after extracting liquidity

• Wash trading:

  • Fake volume to appear legitimate

And while a lot of newer coins have generated justified skeptics, one newer coin has arisen that may have some pragmatic practibility.

Let me introduce you to the Kaspa (KAS) cryptocurrency;

Kaspa is a cryptocurrency that uses a unique "blockDAG" structure instead of a traditional blockchain, allowing it to process many blocks simultaneously rather than one at a time.

Rather than being some generic, shit-stain crypto like the rest of the post-2025 scamCoins. Kaspa serves as an innovator for unique, and well-developed technology that seeks to solve certain problems plaguing the crypto scene.

The design of Kaspa aims to achieve very fast transaction speeds (currently around 1 block per second) while maintaining security and decentralization.

It's essentially trying to solve the "blockchain trilemma" by proving you can have speed, security, AND decentralization all at once.

Kaspa uses Proof of Work (PoW) - the same consensus mechanism as Bitcoin, where miners solve computational puzzles to secure the network, instead of Proof of Stake (PoS) mechanism that relies on a validators "stake" of their own supply of coins as collateral to verify transactions (which is a cause for concern, but we will get into that later).

Unlike other cryptocurrencies, which seeks to act as a form of digital financing, but without any grasp at fungible use, Kaspa seeks to actively serve as an alternative to bigger coins with it's technology, with legitimate fungible future capability.

With the use of it's blockDAG technology, it allows for faster transaction speeds, comparing it as a potential competitor to cryptos such as Solana (SOL).

Think of this:

Imagine it as Bitcoin's faster cousin that can handle tons of transactions at the same time instead of waiting in line. Bitcoin, for example, takes at least ~10 minutes in-between each transfer to complete, whereas, Kaspa wouldn't take nearly as long as that with it's technology, and that's not even mentioning the transaction fees that can eat up the practibility of utilizing crypto for commercial use.

A good analogy for the blockDag technology can be explained as this: instead of a linear single chain of blocks (like a train with one track) like how other Cryptocurrencies use, Kaspa uses a "web" of blocks that can all happen at once - like a highway with multiple lanes. Miners still do the work (Proof of Work), but the structure lets them process way more stuff simultaneously, allowing for effective, fast, simultaneous, transfer and capability for coins.

With this blockDAG technology, Kaspa solves certain problems that established , big-name coins have, such as:

• Fast everyday payments (imagine buying coffee with crypto that confirms in 1-2 seconds instead of 10+ minutes)
• Cheaper transaction fees due to higher throughput
• Microtransactions become viable (sending tiny amounts without fees eating it all)

The problem with the community revolving around Kaspa (KAS):

While Kaspa has some impressive innovation capability, and has built a substantial following, the community supporting it, however, has some cause for concern.

Kaspa, in all of it's glory, is an example of innovative blockChain technology being spun into some cash-generating machine, and serves as a representation of how a community centered around greed that supports it may end up tainting it's reputation as a fungible coin.

The community consensus surrounding Kaspa, is that Kaspa will eventually turn into the next cryptocurrency boom, and will substantially rise in profit, causing early adopters to become millionaires (or even billionaires) overnight, replicating the growth seen in Bitcoin's early days.

While that goal could be reachable, it's sadly caused some confusion and misconstrues the integrity of Kaspa. The community, such as Reddit communities like r/Kaspa , has spun Kaspa and has hyper-praised it into being akin to "Digital Silver", like how Bitcoin is (Digital Gold).

Which is a bit concerning given the fact that this type of over-hype is a prime example of how coins are used for scams, and often die, and lose credibility.

This "get-rich-quick" hype is very common in crypto and often overshadows the actual technology.

But in reality, the "Digital Silver" fallacy is one that completely tarnishes the value of Kaspa ironically. Firstly, Kaspa has a market cap of 29 Billion, meaning that that's the hard cap. No more can be created after that. As of right now, in 2025, the current amount of coins available is about 27 billion KAS already in circulation, so we're getting close to the maximum! Each individual Kaspa coin has a value of

($0.07547) (AS OF 10/8/2025).

The reality is that with nearly 27 billion coins in production, and limited rise in financial growth, the financial "explosion" prediction seems to be far-fetched.

However, here's where it gets important: unlike Bitcoin, Kaspa continues to have block rewards (new coins minted) until reaching that cap. The emission schedule is designed to slow down over time, but new KAS is still being created. This is fundamentally different from Bitcoin's approach.

Each KAS coin is currently worth about $0.075, giving it a market cap of roughly $2 billion (comparing the ~27B circulating supply × current price).

But, that's not to claim that Kaspa won't receive an exponential growth in price, this is just a pragmatic observation that people should recognize.

I bring this up because I want to compare this to Bitcoin. As mentioned before, Kaspa is often correlated to Bitcoin as being "Digital Silver" and Bitcoin being "Digital Gold." This conclusion is emotionally driven but economically flawed.

But the main difference between Kaspa and Bitcoin is that Bitcoin has a market cap of only 21 million.

And as of right now, the total amount of Bitcoin mined is around 19.8 million.

As Bitcoin gets closer to 21 million, it becomes MORE like a fixed-supply asset (like gold)

No more inflation, pure scarcity.

The reason why Bitcoin is priced so high is due to it's relatively lower market cap of 21 million, compared to Kaspa's 29 BILLION.

The belief that Kaspa will ever reach the value ($100k +) that Bitcoin has reached is extremely slim.

Bitcoin’s value isn’t only because of its limited supply — it’s also due to network effects, institutional adoption, and store-of-value credibility over time.

Kaspa having technical advantages doesn’t automatically mean it can compete on that same level, because unless Kaspa is adopted the same way Bitcoin is, and it's credibility arises even further than now, the chance of it reaching high prices is minute - but certainly not impossible.

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Here's the math reality:

For Kaspa to reach even $100 per coin (not $100k like Bitcoin), it would need a market cap of ~$2.7 trillion dollars at full supply. That's larger than the entire cryptocurrency market cap today. For context, Bitcoin at $100k has a market cap of ~$2.1 trillion.

Could Kaspa reach $1? Maybe. That would require a ~$27-28 billion market cap - ambitious but not impossible if adoption grows significantly.

Could it reach Bitcoin's price levels? Extremely unlikely - the math just doesn't work with nearly 1,400 times more coins in circulation.

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However, that doesn't mean that Kaspa's financial profitability and fungibility is completely lost and should deter potential investors from utilizing the coin...

Because while Kaspa is often compared and contrasted to Bitcoin (due to the belief that it will somehow explode in price), in reality... it has more merits that should instead make it compared to and work as a direct competitor to another coin, Solana (SOL).

Solana, unlike Kaspa, operates on a Proof of Stake protocol, whereas Kaspa operates on a Proof of Work protocol.

• Proof of Work (PoW): Uses computer processing power and electricity to solve cryptographic puzzles. Whoever solves it first gets to add the next block and earns rewards. This is Bitcoin and Kaspa's approach.
• Proof of Stake (PoS): Validators lock up (stake) their cryptocurrency as collateral. The network randomly selects validators to create new blocks based on factors including how much they've staked. No energy-intensive mining required.

Now, here's my opinion on PoS - and it IS an opinion, not an objective fact: I think Solana's Proof of Stake protocol raises some philosophical concerns about decentralization.

Blockchain's whole point is decentralization - no single entity controls it.

Essentially, Solana's blockchain functions primarily according to those with the most money, and those with the most money get the most control.

That sounds a LOT like... traditional finance! Where the banks and the wealthy control everything. Which is kind of redundant and kind of dismisses the entire idea of decentralized financing that Blockchain technology seeks to strive for, and implement.

Anyways, I say this because Solana is one of the most unique and innovative Blockchain technologies on the market, with it's extremely high scalability financing. With Solana, you can process thousands of transactions per second at lightning speed—we're talking confirmations in under a second—while paying transaction fees that are literally fractions of a penny, around $0.00025 per transaction.

Imagine this: someone in Tokyo needs to send $100,000 to New York instantly. With traditional banks, this would take days, cost hundreds in wire fees, involve multiple intermediaries, and require business hours coordination across time zones. With Solana? That same $100,000 transfers in less than a second, costs less than a cent, and happens 24/7 with no middleman taking a cut.

This isn't just impressive—it's revolutionary. Solana's technology has the potential to completely reshape global digital financing, making cross-border payments as seamless as sending a text message, enabling micropayments for content creators that were previously impossible due to fee structures, and creating financial infrastructure that's accessible to anyone with an internet connection, regardless of their location or banking status. The future of money isn't just digital—it's instant, borderless, and practically free

Solana's innovation extends far beyond the crypto horizon as well, with it's full smart contract platform—you can build DeFi apps, NFT marketplaces, gaming, DAOs, etc with the coin, and the coin's recourses.

However, with Solana's PoS protocol, it may defeat the purpose of decentralized financing, and create slowdowns in the overall effectiveness of Solana.

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However, I should acknowledge the counterargument: Many respected blockchain researchers and developers consider PoS to be a legitimate and even superior approach. PoS is far more energy-efficient than PoW, doesn't require massive mining operations, and modern PoS systems have various mechanisms to prevent centralization (like slashing penalties and delegation). Ethereum switched from PoW to PoS for good reasons.

This is genuinely a matter of ongoing debate in the crypto community, not settled science. I lean toward preferring PoW for its security model, but reasonable people disagree.

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So, how does Kaspa fit into this?

Kaspa fits into this sector, because unlike Solana, Kaspa works more like a purely decentralized form of financing.

Like Solana, Kaspa has exceptionally fast transaction speed compared to traditional cryptocurrencies.

• Kaspa produces blocks every 1 second (compared to Bitcoin's 10 minutes
• Transactions confirm very quickly
• The blockDAG structure allows parallel processing

Kaspa has low transaction fees:

• Transaction fees are extremely cheap (fractions of a penny)
• Similar cost-effectiveness to Solana for simple transfers

And like Solana, Kaspa can be sent quickly from different places relatively quickly, like from Beijing to Buenos Aires extremely fast, cheap, and scalable.

Kaspa's financial scalability rivals that of Solana's, plus the fact that Kaspa is more decentralized compared to Solana.

However, unlike Solana, Kaspa doesn't have any DeFi capability (yet) and currently just a payment network—no smart contracts (though they're researching adding them).

If Kaspa does eventually implement the same DeFi features such as a full smart contract platform— where you can build DeFi apps, NFT marketplaces, gaming, DAOs, etc.

It could definitely be the next pioneering coin of decentralized financing that could fill the niche of fungible digital currency and open the path to create a crypto system that can appeal to traditional commercial ecosystems (like regular fiat, for example).

Essentially, Kaspa has more similarities, and uses to Solana, rather than Bitcoin, and essentially works as an actual decentralized super-fast highway for moving money.

So should you invest into Kaspa?

Look, I'm going to be straight with you: I own KAS because I believe in the technology. But that means you should take everything I've written here with appropriate skepticism.

Here's my honest assessment:

An individual's investment into a cryptocurrency is ultimately their own choice, however, given the capability of Kaspa's technology - it certainly has merit in becoming the next coin that address the issue with digital financing with it's decentralized, secure, and lighting-fast features, and could ultimately become the face of crypto financing if it is used correctly, and is implemented and adapted by commercial systems well.

However, as for if the coin has the potential of booming in price, and becoming the next "digital silver" - this is a slim goal that might not ever be reached.

In reality, people should not invest into Blockchain technologies solely for the belief that it can be the next "get-rich-quick" scheme, but instead, because they believe in the technology, and respect it's capabilities.

Kaspa is one of the most innovated coins in the market, and while financial profitability may be questionable, it's capability for financial connection, and fungibility does indeed have some impressive merit.

Overall, investing into Kaspa is down to what you, the individual believe in - and if you believe in the technology that Kaspa innovates, then Kaspa may eventually become the next pioneer of fungible digital financing in cryptocurrency spaces.

What Kaspa does well:

• Genuine technical innovation with blockDAG architecture
• Fast transaction speeds (1 block per second vs Bitcoin's 10 minutes)
• Low fees that make microtransactions viable
• Decentralized PoW consensus (if you value that approach)
• Potentially competitive with Solana for payment processing

My actual take: If Kaspa successfully implements smart contracts AND gains significant adoption AND becomes widely used for payments, it could see meaningful price appreciation. Maybe it goes to $0.50 or $1.00. But the path to Bitcoin-level prices per coin is mathematically implausible given the supply difference.

Importantly:

• Don't invest money you can't afford to lose

• Crypto investments should be a small percentage of your portfolio

• The "get-rich-quick" mindset is how people get rekt

• Technology alone doesn't guarantee price success

• Do your own research beyond reading some random blog (including mine)

Kaspa represents interesting blockchain innovation. Whether that translates to investment returns is genuinely uncertain. I'm betting some money on it because I find the technology compelling and think it has a shot at carving out a niche in the crypto ecosystem.

But I could also be completely wrong. That's the nature of speculative investments in emerging technology.

TL;DR: Invest if you believe in the tech and can stomach the risk. Don't invest expecting to become a millionaire overnight. And for fuck's sake, don't take financial advice from blog posts on the internet - including this one.

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Thanks for reading this blog, I had a ton of fun researching and writing this. All opinions are my own, and you are free to make your own conclusions, but I personally believe in Kaspa's technolgy and that's why I have some substantial stake in it.

With love,

Devan Lee