It keeps the core things Bitcoiners care about:
✅ Proof-of-Work
✅ UTXO model
✅ permissionless decentralization
✅ open-source, fair launch ethos

But it introduces an architecture Bitcoin would never adopt without becoming a different system entirely: BlockDAG consensus (GHOSTDAG), which allows parallel blocks while preserving ordered consensus.
See Links to Github, community chats forums white papers and other Dev resources on http://kaspa.org

1) Beyond “digital cash”: Kaspa aims at sovereign settlement infrastructure
Bitcoin proved digital scarcity. The next stage is neutral, sovereign settlement at real-world speed.
Kaspa’s argument is bigger than payments: Kaspa is positioning as a universal settlement grid, essentially “Sovereignty as a Service” as its been said by @hashdag and @michaelsuttonil

Kaspa will be Meaning settlement infrastructure that can be:
✅ Global
✅ Neutral
✅ Real-time
✅ Permissionless
✅ Not controlled by a state, corporation, or validator cartel

This matters because the modern world is moving toward:
✅ Always-on markets
✅ Machine-to-machine payments
✅ Real-time trade and logistics
✅ Programmable compliance and reporting
✅ Tokenized assets and settlement rails

That future needs settlement that is fast enough to keep up.

2) Kaspa fills Bitcoin’s gaps without abandoning Bitcoin’s values
• Bitcoin’s base chain is intentionally slow and conservative. It wasn’t engineered for real-time settlement.
• Kaspa keeps PoW, but changes the throughput assumptions.

Kaspa’s network generates:
⚡️10 blocks per second
⚡️fully confirmed transactions in about 1 second

That’s why the comparison isn’t “Kaspa beats Bitcoin.”

It’s: Kaspa extends Bitcoin’s vision into a new performance envelope.
✅Bitcoin is sound scarcity.
✅Kaspa is sound settlement.

3) The broader altcoin problem: trilemma, MEV, parasitic L2s
Most altcoins “scale” by changing the rules of the game:
• Proof-of-Stake and validator politics
• governance capture and insider power
• centralized sequencing, bridging assumptions
• ecosystems where L2s extract rent while security and neutrality become fragmented

Kaspa solves scaling at the consensus layer using BlockDAG rather than relying on centralized validators or a stack of parasitic layers.

4) Adoption movers: independent orgs pushing real integration
Every blockchain’s final vulnerability is not tech. It’s adoption.

Some online community stats:
• Largest X Account – 246,649 followers @kaspaunchained
(plus 1000’s of Kaspa focused content creators)
• Telegram: 37,474 Members
• Discord 55,482 members

Kaspa is unusual because it’s not just hoping adoption happens. It has independent initiatives designed to drive it.
• Consistently innovating and flawlessly delivering from Genesis to the RUST Rewrite to Crescendo and now looking towards VProgs, Covenants, Oracles, DagKnight.
• Kaspa Industrial Initiative (@KaspaKii): focused on enterprise and industrial adoption across finance, supply chain, energy, and public sector pathways.
• WarpCore (KII initiative): middleware designed to bridge traditional institutional rails and standards into Kaspa settlement logic, including ISO 20022 alignment.
• Kaspa Ecosystem Foundation ( @Kaspa_KEF): separate ecosystem organization supporting long-term growth and development support.
Whether people agree with every approach or not, the point is: Kaspa has serious adoption scaffolding forming around it.

5) Proof the ecosystem is real: applications and events already shipping
Settlement infrastructure is proven by builders and real outputs, not promises.
Kaspa already has live ecosystem activity beyond “store of value” narratives:

Apps and primitives:
• Kaspa Name Service (@knsdomain): .kas domains and identity layer
• @kasiamessaging Messaging: encrypted decentralized P2P messaging built on Kaspa L1 transactions
• K-Social: ( http://k-social.network) Like X but decentralized and powered by Kaspa
• @KasMaporg – Mapping the Kaspa community, merchants and events
• Numerous decentralized Wallets, Explorers, DEXs, and more.

Events (real-world proof of adoption momentum):
• 100s of Global Events and Meetups since 2022
•Kaspa Experience (@KaspaExperience
– Berlin 2025): a full community conference showcasing the ecosystem and real-world adoption energy
• @kaspathon: a community-organized hackathon designed to test and showcase Kaspa’s latest builder capabilities

This is what matters: you’re watching a network evolve from a coin into a settlement-grade ecosystem.
This isn’t really #Bitcoin vs #Kaspa.
Bitcoin remains a benchmark for digital scarcity and first mover.
Kaspa is what happens when you take that same PoW ethos and push it into a new technical category: real-time, sovereign, scalable settlement infrastructure.
If the modern world is heading toward real-time settlement, Kaspa is one of the only networks attempting that future without abandoning the foundational decentralization model.

So….
Bitcoin:
• exposed the problem
• created an alternative store-of-value
• became a protest symbol against fiat + banking capture
• Was first to market for this new technology

Kaspa:
• keeps the same ethos (PoW, decentralization)
but focuses on the infrastructure layer
• aiming at real-time, high-frequency settlement and coordination. Not just money that holds value, but the backbone for real-time systems: finance, identity, trade, and data.

PS. One of the best “aha” moments is when we show 10BPS on a BlockDAG visualizer. 🙂

A recent interview with @Kaspa_HypeMan is a strong introduction to Kaspa and well worth watching in full.

What stood out most to us was Wolfie’s mention of the “next wave.” For years, we’ve talked about Kaspa as a next-generation decentralized Standard of Settlement, infrastructure built for real-world use, not speculation. The idea behind #PoweredByKaspa has always been that the network exists to support systems people actually rely on.

Wolfie takes this further by framing the next phase through a business and adoption lens. In traditional terms, this phase is known as Product Market Fit, or PMF. Wolfie refers to it as Project Market Fit, which is especially appropriate for a Layer 1 like Kaspa. Rather than a single product finding its market, this is about the broader protocol, developer activity, and ecosystem aligning with real demand and real use cases.

What Product, or Project Market Fit Means for Kaspa
Project Market Fit is the moment when a technology’s core capabilities align strongly with actual user needs and real use cases. In blockchain terms it means moving beyond pure technical milestones or ideological positioning, toward products, adoption, and utility that solve real problems users, developers, institutions, and markets care about. It’s a shift from “we built this because it’s possible” to “people want this because it works better than alternatives.” PMF is often marked by growing adoption, repeated usage, ecosystem growth, integrated applications, and tangible feedback loops confirming demand.

Kaspa’s Strengths That Support PMF

1. Core Technical Fit
Kaspa’s core protocol, a PoW Layer 1 using the GHOSTDAG blockDAG, directly addresses the blockchain trilemma by enabling security, decentralization, and high throughput at once. It does this by letting blocks be created and ordered in parallel, rather than in a single chain. This allows low latency, extremely high throughput, and decentralized security without compromising one for another. These are foundational attributes that align with the needs of payments, settlement systems, and high-performance apps.

Yonatan Sompolinsky and core contributors have repeatedly emphasized this architectural fit as not just a technical novelty, but as a bridge to useful, scalable blockchain infrastructure. Community signals and past proposals by Yonatan show interest in extending the protocol toward programmability and broader tooling, because basic Layer 1 throughput alone does not constitute PMF without applications that matter to users.

2. Community-Driven Real Adoption
Kaspa’s community has become a key engine for PMF exploration. Channels like Kaspa Commons focus on real-world impact stories, everyday benefits, and adoption narratives, rather than purely ideological or speculative content. This drive mirrors the “Powered by Kaspa” and “Disruption” mantra, namely the belief that Kaspa’s tech can underlie faster, cheaper, and more accessible value transfer or decentralized services.

Community voting, grassroots developer contributions, independent projects, for example point-of-sale systems, DeFi hubs, analytics tools, explorers, and media platforms, and global engagement all reflect demand signals that go beyond technologists talking to each other. These organic projects test which integrations actually stick, which is a core part of discovering PMF.

3. Ecosystem Tooling and Developer Focus
Technological fit enables tooling growth. When protocol features are stable and performant, such as high block rates and prospective programmability layers, developers are more likely to build meaningful applications, wallets, bridge protocols, payment rails, indexers, and data tools. Strong developer engagement is a classic feedback loop on the journey to PMF.

In recent ecosystem narratives, including coverage of emerging building blocks like vProgs, simplified sovereign logic units akin to constrained smart contracts, and early DeFi components, you can see real utility coming into focus rather than hypothetical future tech. This signals a transition from pure protocol milestones toward actual building and integration, which is required for PMF.

4. Narratives That Resonate With Broader Markets
Part of Kaspa’s push into PMF is about storytelling that connects technical strengths with clear market problems, fast payments, low fees, resilient decentralized infrastructure, and developer flexibility. Channels like Kaspa Commons amplify use cases, people, and real impact, which helps the protocol connect with audiences who could adopt, build on, or integrate with Kaspa.

Product or Project Market Fit for Kaspa means a shift from protocol performance and community enthusiasm toward repeatable, valuable use cases that attract real users and developers. The network’s unique blockDAG design underpins a technically compelling foundation. The community’s emphasis on real-world benefits and decentralized projects serves as a proving ground. Early ecosystem tools and narratives aligning tech strengths with tangible market needs are the active forces pushing Kaspa toward PMF.

Author – Atty. Angel Puente Reyes (KaspaIntern)

Dii Desert Industrial Initiative Conference. Nov 6-7 2025, Dubai

Background: On behalf of LehmanBush HK Limited, I had the opportunity to join the 15th DII Desert Energy Leadership Summit in Dubai last week.

The first day of the conference was opened by Paul van Son, as President of Dii Desert Energy, who also serves as Chairman of Kaspa Industrial Initiative KII.

The conference was co-organized by the Government of the United Arab Emirates. During the second day of Agenda H.E. Eng. Sharif Salim Al-Olama open the ceremony. He serves as the Undersecretary of Energy and Petroleum Affairs of the Ministry of Energy and Infrastructure of the UAE.

The core subjects of the two-day conference analyzed the importance of resilience, sustainability, energy trading and energy efficiency in the Region. Including the high demand of energy generation and energy trading infrastructure in the context of the development of existing systems and the current AI and infrastructure necessity for data center to match market demands.

During the second day Rory O’Neill board member of Kaspa Industrial Initiative KII and Member of Dii Advisory Board & Director presented a keynote on “Kaspa’s BlockDAG Technology: Solving the Blockchain Trilemma”. The main takeaway of this presentation was precisely brief to the audience on the existing infrastructure and the benefits for using Kaspa as a carrier and settlement layer for energy trading and real utility in the Energy sector for Dii stakeholders in a global context.

In the table below I have listed some relevant corporations that partook the event. These industrial leaders represent Trillions in combined market value and play central roles in global energy, hydrogen, infrastructure, and industrial transformation.

Comment on Installed Capacity and Kaspa’s Potential: The companies at the DII Summit collectively account for hundreds of gigawatts of global energy infrastructure. This includes everything from nuclear, gas, wind, and solar capacities managed by giants like Siemens, EDF, GE Vernova, and Jinko Solar. In total, their footprint easily surpasses 700 gigawatts of installed energy capacity worldwide.

Conversations around ZETA, GIGAWAT Coin and ZET-EX represents a settlement tool to exchange energy instruments permissionless. If even a fraction of that energy infrastructure’s trade flows were settled using Kaspa’s digital infrastructure as a carrier, it would represent a groundbreaking integration of decentralized finance into the global energy market, adding unprecedented speed and transparency to energy settlement and trade.

At the events dinner hosted by Siemens, I shared the table with Charles and Rory from KII, next to me was the Vicepresident of structure finance at SMBC Middle Eeast, a major Japanese Bank and we shared directly insights about Kaspa infrastructure and the feedback was positive.

Reflections: The Dii Desert Energy Leadership Summit brings together the world’s most established and influential energy and industrial companies.

Not every day an Undersecretary of the UAE opens a conference. If you take a look at the protocol, where he is sitting during the event (same table as Paul van Son) and for the Dii members picture he is placed in the center next to no other than Paul.

Kaspa currency, represented by the Kaspa Industrial Initiative (KII), presented alongside these global heavyweights, is definitely a strategic milestone that signals strong institutional positioning for real‑world energy, digital infrastructure, AI‑powered systems, and hydrogen value‑chain opportunities.

Now, it’s worth noting that both Rory and Paul carry sterling reputations in a sector dominated by just a handful of serious global players.

This alignment with Fortune‑500 level industrial actors demonstrates the increasing relevance of decentralized, high‑throughput digital settlement technologies in the next generation of clean‑energy markets.

Reflections for the normal crypto bro out there: Take the largest BTC holder for a second. MicroStrategy is a company that does not sell a product or at least had declining revenue before start purchasing BTC (We are talking about a company that not generated considerable cashflows on a real product or service at least not for what is trade now). MSTR became relevant only by purchasing BTC and building now financial products around it.

Now, take two steps backward and consider companies that have been in existence for over a century and are established industrial giants in the Energy field. This is why Dii is considered to be the “network of networks”.

These presentations were delivered to top executives and decision makers of this industries. The initiatives presented by KII are part of their current piloting and project developments that are build for their stakeholders with a clear market fit. 

Kaspa was not mentioned in the context of cryptocurrency. It was presented as infrastructure tool for delivering a solution to this industrial sector.

For me was a privilege to join. Also, worth mentioning that we discussed with Rory and Paul and they are willing to cooperate with LehmanBush in our upcoming endeavor for incorporating a 3C licensed fund manager company in the UAE for managing a Kaspa Qualified Investment Fund QIF before the ADMG.

Further steps: Currently, I am dealing the incorporation process of LehmanBush Capital in the UAE. LehmanBush the firm I represent for the Baltics and Latam, is an investment advisory firm based in Hong Kong, founded by Dr. Edward Lehman American attorney living in China for over three decades and Neil Bush brother and son of former US Presidents.

LehmanBush Capital in the UAE will be a licensed fund manager at ADGM in Abh Dhabi. Under our fund manager I am in charge of an energy portfolio which comprise traditional private equity in the Baltic countries, and our Kaspa Qualified Investment Fund. We have retained legal services for this matter in Abu Dhabi, and we are currently filling the documentation for the In-Principle-Approval IPA; after which the legal vehicles will be incorporated by Q1 2026.

We are discussing with various stakeholders, not only for joining as limited partners or anchor investor but also to be part of our board and management. In this sense, we have discussed with both KII and KEF for bringing together support in our board, and we are considering also incorporating an advisor in the future coming from the community as an expert to discuss governance matters.

I’m convinced Kaspa is a powerhouse of innovation, research, and revolutionary tech that will impact the world. But when this tech meets industrial players who’ve spent centuries building the backbone of global infrastructure… that’s when the impact becomes exponential.

Kind Regards,

Atty. Angel Puente Reyes (KaspaIntern)
Director to Baltics and Latin America
LehmanBush
apuente@lehmanbush.com
www.lehmanbush.com 

Throughout history, money has been judged by two essential roles: Store of Value (SoV) and Medium of Exchange (MoE). The ability to preserve wealth over time and the ability to transact efficiently have defined whether a currency or asset was considered sound money.

The third role, Standard of Settlement (SoS), has historically been the responsibility of infrastructure rather than money itself. Gold and precious metals acted as long-term Stores of Value. Fiat currencies such as the British Pound and the US Dollar became the Medium of Exchange. Central banks, clearinghouses, and interbank networks provided the Standard of Settlement by finalizing obligations between institutions. No single system has ever unified all three functions within one architecture.

Modern cryptocurrencies introduced the possibility that a single network could combine these roles. With Bitcoin, the currency and the ledger were fused into one system, creating digital scarcity and finality on the same rails. Kaspa extends this model further by pairing a scarce and deflationary coin with a scalable blockDAG ledger and emerging programmability. Together, these elements create the potential for a unified architecture that serves as a Store of Value, a Medium of Exchange, and a Standard of Settlement for both money and data movement.

Other projects attempted to capture the Medium of Exchange or Standard of Settlement roles, but all encountered tradeoffs in scalability, decentralization, or adoption. Most depend on Layer 2 networks or sidechains to achieve throughput, fragmenting their ecosystems and weakening their base layers.

Kaspa is different. It is designed to unify all three roles on one secure Layer 1.

• $KAS, the coin, provides scarcity, deflationary design, and usability as Store of Value and Medium of Exchange.
• The Kaspa blockDAG ledger provides scalability, immutability, and decentralization as the base settlement infrastructure.
• Programmability, led by DagKnight and vPROGs, enables both speed and contract logic, making Kaspa a universal platform for financial and non-financial settlement.

This combination makes Kaspa the first system to address both the Crypto Trilemma (security, scalability, decentralization) and the Fiat Trilemma (saleability across time, scale, and space). More than a currency, Kaspa is a programmable settlement technology for money, data, and enterprise trust systems.

Kaspa as Store of Value (SoV)

A Store of Value is any asset that allows wealth to be preserved over time without being inflated away, confiscated, or rendered irrelevant. Scarcity has always been the defining feature of this role. For centuries, gold and other precious metals served as the foundation of value preservation. Fiat systems later tied their reserves to gold, or substituted with government bonds and central bank reserves, but these approaches have proven vulnerable to inflation and political interference.

Bitcoin shifted the paradigm by proving that scarcity could exist in digital form. With a fixed supply of 21 million coins and secured by Proof of Work, it became “digital gold.” The two elements together are what gave Bitcoin this title:

• Fixed supply created digital scarcity, replicating the finite nature of gold.
• Proof of Work tied the creation of new units to real-world energy and computation, mirroring the costliness and security of gold mining.

This combination meant Bitcoin could not be inflated, counterfeited, or altered. It gave Bitcoin the durability and credibility of a Store of Value in both the crypto ecosystem and traditional finance.

Other projects have attempted to position themselves as Stores of Value, though with limited success:

• Litecoin was marketed as “digital silver” but lacked a unique technical advantage.
• Monero built its SoV case on privacy and fungibility but regulatory pressure and exchange delistings constrained adoption.
• Zcash promoted itself as a privacy-preserving SoV but struggled with technical complexity and governance trust concerns.
• Bitcoin Cash and Bitcoin SV presented themselves as more scalable versions of Bitcoin but fractured communities and limited adoption undermined their credibility.

Bitcoin remains the most recognized and adopted Store of Value today. Kaspa inherits the same fundamentals of fixed supply and Proof of Work which means it has the same capacity for digital scarcity. But Kaspa’s mission is not primarily to displace Bitcoin as SoV. Its strength lies in extending beyond SoV into the Medium of Exchange and Standard of Settlement roles, areas where Bitcoin has struggled and where Kaspa’s architecture provides clear advantages.

Why this matters

• Bitcoin has already secured the Store of Value role but cannot scale effectively into MoE or SoS.
• Kaspa’s SoV credibility ensures it can serve as digital scarcity when needed but without compromising its focus on usability and settlement.
• This positions Kaspa not as a competitor to Bitcoin’s SoV dominance but as the project that completes the other two essential functions of money and settlement.

Kaspa as Medium of Exchange (MoE)

A Medium of Exchange means money that can move quickly, cheaply, and reliably between people and systems. Litecoin positioned itself as digital silver. Bitcoin Cash forked from Bitcoin promising true peer-to-peer cash. Dash launched with InstantSend and branding as “digital cash.” Each made a push for MoE, but none became the standard.

Litecoin (self proclaimed, Digital Silver) and BCH stalled due to adoption limits. Dash gained some traction in select markets but never scaled beyond niches, with governance and funding issues slowing its progress. None managed to deliver a MoE that was both global and durable.

While these projects made incremental improvements, none achieved global adoption. Litecoin failed to differentiate itself from Bitcoin. Bitcoin Cash and Bitcoin SV fractured communities and lost credibility. Dash’s innovations could not overcome network effects or regulatory hurdles. Ethereum and stablecoins have also become important MoE players, but congestion, unpredictable gas fees, and MEV distortions limit their reliability as true peer-to-peer money.

MEV (Maximal Extractable Value) refers to the ability of block producers or validators to manipulate the order of transactions for profit. On networks like Ethereum this can mean front-running trades, sandwiching transactions, or prioritizing transfers in ways that benefit insiders at the expense of ordinary users. In practice, MEV functions as a hidden tax on every transaction. It raises costs, undermines fairness, and makes users dependent on systems tilted toward large stakeholders and validators.

Kaspa resolves these limitations by delivering MoE functionality directly at Layer 1. Its blockDAG architecture allows transactions to confirm instantly, even under high load, with negligible fees. Because Kaspa will scale natively without relying on Layer 2 networks, every transaction benefits from the same security and neutrality. There is no fragmentation, no reliance on custodial rollups, and no MEV tax on users. Kaspa will provide a peer-to-peer cash system that actually scales without compromise.

Kaspa Also Solves the Fiat Trilemma.
It solves the crypto trilemma by being decentralized, secure, and scalable while remaining Proof of Work.
But it also resolves the Fiat Trilemma, the three qualities money has historically failed to unify:

1. Saleable across time – Value preserved without inflation or decay.
2. Saleable across scales – Works for micro-transactions as well as large settlements.
3. Saleable across space – Transferrable instantly across geographies.

Gold worked across time but failed across space. Fiat worked across space but failed across time. Bitcoin works across time and space, but struggles to scale due to throughput and latency. Kaspa is the first to unify all three, making it the most saleable form of money ever designed.
Shout out to PlanK (@MikoGenno on X)  http://youtube.com/@MikoGenno for this insight on scalability of Fiat.

Why this matters in the real world

• A café in Berlin can accept Kaspa faster than Visa, without the 3 percent cut.
• A gig worker in Manila can be paid instantly, not after days of waiting for PayPal or banks.
• Peer-to-peer marketplaces can operate globally, trustlessly, and at scale.

Why Proof of Work matters
PoW ensures that money is fair and immutable. Kaspa’s blockDAG keeps every participant on equal footing. Unlike PoS systems, where wealth compounds advantage, Kaspa’s security is grounded in energy and computation.

Kaspa is therefore not just another peer-to-peer cash attempt. It is the first system that combines the speed and efficiency of fiat rails with the fairness and neutrality of Proof of Work, all at Layer 1.
It is the first real peer-to-peer money that scales globally while being sound money across time, scales, and space.

See some merchants that accept Kaspa, here.

As for the Digital Silver Title, Kaspa actually means “Silver.”

Kaspa as Standard of Settlement (SoS)

Settlement is not simply the transfer of funds. It is the final clearing of value and information across enterprises, markets, and nations. In traditional finance, settlement has always been the responsibility of infrastructure, not the currency itself. Central banks, clearinghouses, and interbank networks finalize transactions while fiat currencies move on top of those systems.

The same principle applies in crypto. A coin alone cannot be a settlement layer. Bitcoin functions as a Store of Value, and projects like Litecoin and Dash attempted to serve as digital cash. Ethereum tried to combine settlement with programmability, while XRP, Stellar, and Algorand positioned themselves as institutional or finance-grade rails. Each demonstrated potential but encountered tradeoffs in scalability, decentralization, or adoption.

Kaspa approaches settlement differently. Its blockDAG ledger provides scalable, immutable infrastructure that finalizes transactions within seconds. With DagKnight, Kaspa will achieve internet-level transaction speeds while remaining decentralized, secure, and resistant to network chaos. On top of this, programmability is emerging. Community labs are exploring early frameworks, and the Kaspa core team is preparing vPROGs, a new model for programmable settlement logic. Unlike traditional smart contracts, vPROGs are designed to be simpler, safer, and more scalable, aligning with Kaspa’s settlement-first architecture.

Equally important is Kaspa’s commitment to Layer 1 scaling. Where Ethereum and others depend on Layer 2 networks and rollups to handle congestion, Kaspa achieves performance directly on the base layer. This ensures that settlement finality, security, and neutrality are not fragmented across external systems. By keeping all scaling and programmability at Layer 1, Kaspa preserves the integrity of its settlement layer.

Settlement beyond currency

Finance is only one part of the settlement story. Settlement ultimately means the secure finalization of transactions and records of any type. Kaspa’s architecture positions it as a universal settlement layer across both financial and non-financial domains:

Processes and Workflows: Supply chains, logistics, and manufacturing steps can anchor verifiable milestones.

Contracts and Agreements: Business and legal conditions can execute automatically with vPROGs.

Certifications and Credentials: Academic degrees, licenses, and compliance proofs can be issued and verified immutably.

Communication Records: Messages, media, and authorship proofs can be timestamped and validated.

Scientific Research and Data Integrity: Publications, datasets, and results can be anchored for reproducibility.

Identity and Governance: Digital IDs, voting, and KYC frameworks can settle securely on-chain.

This broadens settlement into the domain of value and data together. Just as the internet became the universal carrier of information, Kaspa can become the universal carrier of trusted transactions and records.

Why this matters

• Enterprises can clear cross-border supply chain transactions in seconds.
• Energy markets can finalize peer-to-peer power trades in real time.
• NGOs can transfer funds without fear of banking restrictions.
• Carbon credits, identity systems, and research data can be anchored immutably.
• Banks and financial institutions could continue to operate as they do today, but with Kaspa’s L1 DLT as a faster, more secure, and decentralized settlement foundation.

Why Proof of Work matters

Settlement requires trust that cannot be rewritten or manipulated by insiders. Proof of Work anchors finality in real-world energy and computation, making it immune to collusion or stake-based control. By tying security to physics rather than wealth, PoW ensures that Kaspa’s settlement layer remains fair, immutable, and universally secure.

Kaspa is not just another digital coin. It is a complete architecture: a scarce and deflationary asset, a decentralized ledger, and a programmable settlement layer that operates entirely at Layer 1. This makes it the first system capable of serving as a true Standard of Settlement for the digital age, across both money and data.

Kaspa Unites All Three

Historically, the functions of money and the systems that support it have always been split. Gold and later Bitcoin demonstrated the Store of Value role. Fiat currencies dominated the Medium of Exchange. Central banks and clearinghouses carried the responsibility of settlement infrastructure. No single framework ever unified all three.

Bitcoin remains the most recognized Store of Value, often compared directly to gold. But it is limited as a Medium of Exchange and cannot scale into a Standard of Settlement. Other projects have attempted to fill these roles, often relying on Layer 2 networks or trading off decentralization for throughput.

Kaspa is different. Its fixed supply and Proof of Work provide SoV credibility. Its blockDAG architecture enables real-time, low-cost transactions, making it a practical MoE. Its programmability through DagKnight and vPROGs positions it as a Standard of Settlement that extends beyond money into data, processes, and enterprise coordination. Most importantly, Kaspa does all of this at Layer 1, preserving security, neutrality, and immutability.

Kaspa therefore unifies what has historically been separate. It combines money’s core functions with system-level settlement into one secure architecture. 

Kaspa is not only faster digital money. It is the first universal programmable settlement layer of the digital age, where money, markets, and data converge securely at scale.

Further reading

Upcoming Development: Kaspa Development Milestones Revealed – 2025 – 2026
Insights on vProgs: https://x.com/michaelsuttonil/status/1966324370818711641
vProg Yellow Paper – https://github.com/kaspanet/research/blob/main/vProgs/vProgs_yellow_paper.pdf
Developer Resources – https://kaspa.org/developers-resources/
Kaspa RnD TG chats – https://t.me/kasparnd

MAIN STAGE

From core builders to ecosystem investors, launchpad innovators to strategy experts, this is the lineup shaping the future of Kaspa.  http://experience.kaspa.events

9:30 – Ashton Wood · @Kaspa_KAT

10:00 – Eliott Mea · Kaspa

10:45 – Pavel Emdin @Igra_Labs

11:30 – Kaspador ·@kasplex

12:15 – Louis Saad · @ZealousSwap

1:45 – Abhimanyu Ep · @bitstreetcap

2:30 – Angel Reyes · LehmanBush | Kaspa Strategy

3:15 – Christian Ludwig · Kaspa Ecosystem Investor

4:00 – Julien Daubert · @AppKaskad

4:30 – Erwan · Keep Your Ownership 5

:00 – Kasway · @kaswaypos

Plus: Kaspa Art Expo curated by  @TheVisualAye

Introducing Powered by Kaspa
A New Era for Kaspa’s Digital Ledger Technology

By Chad Ballantyne (Rhubarbarian)
Creator of the Kaspa Brand

For over a year, we’ve have been laying the groundwork for a new narrative—one that positions Kaspa as not just a digital currency but as the most advanced Distributed Ledger Technology (DLT) on the planet. With smart contracts around the corner and the upcoming DAG Knight Protocol, we’re taking that vision to the next level with a new brand initiative: Powered by Kaspa!
Although many Kaspa projects are still in different stages of development, we felt it important to cast the vision and get the conversations going under a strong narrative.

 A Secondary Brand to Complement Kaspa Currency

The Kaspa currency brand is here to stay. Kaspa is the fastest, most secure, and fully decentralized currency aiming to run at the speed of the internet. However, there are two sides to the Kaspa coin—one is the groundbreaking currency, and the other is the revolutionary Distributed Ledger Technology (DLT) powering it. Powered by Kaspa is a secondary brand (or tag) that highlights this underlying technology, expanding its reach beyond currency use into industries that require high-speed, scalable, and secure digital ledgers.

The “Powered by Kaspa” Concept

This new branding initiative is designed to highlight Kaspa’s unique use case as a leading DLT for high-speed, scalable, and decentralized applications. The Reverse K from the Kaspa coin brand is a powerful symbol, known world-wide and now, with energy waves emanating from it, it represents Kaspa’s power being released, tapped into, and connecting across industries.

This brand will serve as a recognizable tag for projects built on Kaspa’s technology, from enterprise solutions to decentralized applications, inside Crypoland and out in the real world. It will be a stamp of trust and innovation, much like how certain industry leaders have successfully branded their core technologies to show their impact (think: “Intel Inside”).

This is not meant to be seen as large and flashy, rather subtly placed to not take away from any projects core visual brand.  It could be used more in the early stages of the project launch and less as your project grows.  Like any great tech, it’s better to work great and not be “seen.”

Real-World Applications: DePIN, RWA, and Enterprise Use Cases

The Powered by Kaspa initiative will be especially relevant in key areas, including:

– Decentralized Physical Infrastructure Networks (DePIN) – Projects that leverage Kaspa’s ultra-fast and scalable DLT for decentralized infrastructure, including IoT networks, decentralized storage, and computational resource sharing.

– Real-World Asset (RWA) Tokenization – By providing a secure and scalable ledger, Kaspa enables the seamless tokenization of assets such as real estate, commodities, and financial instruments, unlocking liquidity and efficiency in global markets.

– A New Banking Standard (Warpcore by Kii) – A next-generation financial framework leveraging Kaspa’s speed and security to create an open and decentralized banking infrastructure.

– Stablecoins for Everyday and Energy Sector Use (Gigawatt Stable Coin by Kii) – Enabling stable digital assets not just for transactions but also for balancing energy markets and payments in decentralized grids.

– Insurance, Agriculture, Logistics, ETFs, and More – As highlighted by the KII project, industries such as insurance, agricultural trade, supply chain logistics, and exchange-traded funds (ETFs) will benefit from Kaspa’s transparent and immutable ledger.

Classic Crypto Ecosystem
The Powered by Kaspa  brand will also be an essential part of the growing classic crypto ecosystem, which includes developer-driven initiatives specifically in the cryptocurrency space. These groups like KEF, Kasplex and others are leading the charge in building out essential applications for:

• Classic Tokens & Meme Coins – A vibrant and innovative playground for community-driven assets leveraging Kaspa’s DLT.
• NFT Marketplaces & Applications – Providing ultra-fast and secure NFT transactions with Kaspa’s parallel block processing.
• Kaspa-Tech-Centered Exchanges – Decentralized and centralized exchanges that will benefit from the security, finality, and speed of Kaspa’s infrastructure.

We hope these initiatives will thrive under the Powered by Kaspa banner, ensuring that every application built on Kaspa’s technology has a clear, unified brand identity to showcase its connection to this groundbreaking technology.  It can be applied to images, videos and/or just used in articles and descriptions.

With initiatives like Kaspa Industrial Initiative (KII) and Kaspa Ecosystem Foundation (KEF) (and many more to come), committed to enlarging the ecosystem, Powered by Kaspa will be a unifying brand for businesses, developers, and communities utilizing Kaspa’s DLT.

Empowering People | Powering the Planet

As we roll out the Powered by Kaspa brand, we’ll provide a comprehensive brand standards guide and resource package to help projects integrate the branding seamlessly. Whether you’re a developer launching a Token, an enterprise building on Kaspa, or a community initiative leveraging the technology, this brand is yours to use.

Kaspa has always been about empowering people through digital currency with its eye on powering the planet with decentralized innovation. We see Powered by Kaspa as the next evolution of that mission.

Stay tuned for the official brand standards guide, examples, and resources. It’s time to show the world what’s possible when technology is truly Powered by Kaspa.

NOTE:  This is not a meant to be a mandatory use brand.  As we are all part of a DAO, we leave it up to the individual projects to tap into this narrative and visual brand.  Although we do recommend it!  If you are invested in how you could use it, contact the Rhubarbarian in TG or Discord and he and his crew will be happy to guide you in it’s use for your particular project.

Powered by Kaspa (PBK) Criteria Checklist

What Would Be Considered
“Built On” Kaspa?

A project would be truly “built on” Kaspa if it:

✅  Operates directly within Kaspa’s DLT framework – e.g., a dApp that leverages Kaspa’s ledger to store and execute logic.

✅  Extends Kaspa’s protocol – such as a smart contract layer, DeFi protocol, or an L2 that interacts natively with the GHOSTDAG structure.

✅  Utilizes Kaspa for core execution, validation, or consensus rather than just using it for transactions.

Exclusions – Who Should Use “Powered by Kaspa”?

🚫 Exchanges, Wallets, or Payment Processors – Platforms that list or accept Kaspa but do not integrate Kaspa’s DLT as part of their core technology.

🚫 Marketing or Awareness Projects – Initiatives that promote Kaspa but do not develop apps, tools, or services utilizing the DLT.

🚫 Non-Kaspa Blockchain Projects – Apps that do not natively use Kaspa’s DLT but merely reference Kaspa in some way.

New Kaspa Terms

Kaspafy (verb)
/ˈkæs-pə-fī/

Definition:

1. To enhance, optimize, or revolutionize a system, technology, or industry by leveraging Kaspa’s ultra-fast, decentralized, and scalable blockDAG infrastructure.

2. To remove inefficiencies, centralization, and bottlenecks by adopting a network Powered by Kaspa.

3. To future-proof digital finance, enterprise markets, and decentralized applications (dApps) with Kaspa’s blockDAG architecture.

Sample Uses:

“The company decided to Kaspafy their payment system, making transactions instant and fee-efficient.”

“We need to Kaspafy our supply chain to improve transparency and traceability.”

“By adopting Kaspa’s infrastructure, they were able to Kaspafy their cross-border remittance services.”

Kaspafied (adjective)
/ˈkæs-pə-fīd/

Definition:

1. Enhanced, upgraded, or transformed through Kaspa’s digital ledger technology.
2. Fully integrated with or utilizing Kaspa’s blockchain for speed, scalability, and decentralization.

Sample Uses:

“The logistics network is now Kaspafied, ensuring real-time tracking and settlement.”

“A Kaspafied gaming platform allows players to own and trade digital assets securely.”

“Once their finance infrastructure was Kaspafied, transactions became seamless and near-instant.”

Kaspafication (noun)
/ˈkæs-pə-fɪ-ˈkeɪ-ʃən/

Definition:

1. The process of integrating or optimizing a system, service, or industry using Kaspa’s blockchain technology.
2. The shift towards a decentralized, high-speed, and scalable infrastructure powered by Kaspa.

Sample Uses:

“The Kaspafication of the global remittance industry could eliminate delays and high fees.”

“With ongoing Kaspafication, businesses are experiencing a new level of efficiency and security.”

“The company’s Kaspafication strategy involved migrating legacy databases onto Kaspa’s blockchain for better performance.”

Sample Uses
Click to enlarge

18th July 2024
The Kaspa Industrial Initiative (Kii) proudly announces its official launch, aimed at leveraging Kaspa’s groundbreaking BlockDAG technology to drive innovation, efficiency, and security across key industrial and enterprise sectors.

Kii is building a global network of leading companies, supported by top industry players, to champion the adoption of Kaspa’s next-generation platform. Our mission is to unlock unprecedented levels of scalability, security, and decentralisation for industrial and enterprise applications in finance, supply chain, energy, gaming and the public sector.

Kaspa’s BlockDAG Technology: Solving the Blockchain Trilemma
Kaspa’s BlockDAG (Directed Acyclic Graph) technology represents a quantum leap in blockchain evolution. Unlike traditional blockchains, Kaspa effectively solves the infamous blockchain trilemma by simultaneously achieving:
1. Scalability: Allowing for parallel block creation, significantly increasing transaction throughput.
2. Security: Maintaining a robust proof-of-work consensus mechanism for unparalleled network security.
3. Decentralisation: Ensuring a truly distributed network without compromising on speed or security.
This groundbreaking approach addresses key challenges in the blockchain industry, making it ideal for large-scale industrial applications that require high performance and reliability.

Leadership Team
Chairman: Paul van Son

Paul van Son brings over 40 years of experience in supervisory boards, executive boards, and operations management positions within the international energy sector. As the founding CEO and now President of Dii Desert Energy (www.dii-desertenergy.org) a network of 110+ Dii partner companies across 35 countries, paving the way for ‘net zero emission’, secure and affordable energy. Paul has been a pivotal force in the energy transition across Europe, West Asia, and Africa. Under his leadership, the renewable energy industry, particularly solar power, transformed from one of the most expensive to the cheapest forms of energy.

Paul’s extensive experience includes roles as Innogy’s Country Chairman for the MENA region, and founding Managing Director of Essent Energy Trading. He is also the co-founder and honorary President of the European Federation of Energy Traders (EFET) and holds several key board positions in the energy and commerce sectors.

“Throughout my career, I’ve witnessed how innovative technology can transform entire industries. Kaspa’s BlockDAG technology has the potential to redefine blockchain’s role in industry by offering unparalleled scalability and security without compromising decentralisation. We’re not just building a network; we’re laying the foundation for a new era of industrial blockchain applications that could dramatically reduce costs and increase accessibility across sectors.” – Paul van Son

Secretary General: Bara Greplova

Bara Greplova brings over 7 years of blockchain experience to her role as Secretary General. She currently heads Institutional Relations at the International Association for Trusted Blockchain Applications (INATBA), where she works with over 230 leaders across industries, academia, and the public sector to promote sustainable blockchain adoption. Previously, Bara served as Secretary and Board Member at INATBA, co-chairing the Energy and Climate Action Working Groups, and contributed to Blockchain Ireland’s Enterprise Working Group.
Bara’s diverse background includes leading a consultancy advising on innovative technology projects, project management and leadership roles in various tech companies, and producing original documentaries at HBO. This multifaceted experience equips her with a unique perspective on the intersection of technology, industry, and communication.

“Kaspa’s technology presents a unique opportunity to advance blockchain applications in a secure, scalable, and truly decentralised way. By combining cutting-edge technology with a focus on real-world industrial use cases, we’re poised to drive meaningful change. Our goal is to create a robust ecosystem where innovation thrives and blockchain technology becomes an integral, trusted part of industrial infrastructure.” – Bara Greplova

Key Initiatives:
1. Global Regulatory Advisory Board: Ensuring compliance and advocating for favorable policies.
2. Innovation Support: Launching incubator programs and grants for Kaspa-based startups.
3. Industrial Integration: Developing solutions for seamless integration of Kaspa in various
industrial sectors.
4. Cross-sector Collaboration: Fostering partnerships to accelerate adoption and innovation.

Upcoming Event
Kii is planning to host the inaugural Kaspa in Enterprise Conference in Autumn 2024 in Dublin, Ireland. This landmark event will bring together industry leaders, innovators, and policymakers to explore Kaspa’s real-world applications across various sectors. Topics will include industrial adoption, asset tokenisation, decentralised finance, and next-generation stablecoins.

Due to strong demand from our industrial partners, We have limited seating available. Register here https://lu.ma/litwy9gh.

Join Us
We invite companies, developers, and industry stakeholders to join our growing network. To get involved, visit our website for partnership opportunities, developer resources, and upcoming events.

For more information, visit kaspa-kii.org and follow us on LinkedIn and X.

Contact:

info@kaspa-kii.org
www.linkedin.com/company/kaspa-industrial-initiative
@KaspaKii

About Kaspa Industrial Initiative (KII)
The Kaspa Industrial Initiative (KII) is a foundation committed to leveraging Kaspa’s high-performance Directed Acyclic Graph (DAG)-based Distributed Ledger Technology (DLT) to drive innovation and efficiency across key industrial and enterprise sectors. Our goal is to position Kaspa as the ultimate base layer for various applications, fostering a robust ecosystem that enhances security, scalability, and decentralisation globally while promoting sustainable and ethical development.

———————————————-

Message from Kii board member Rory O’Neill
Hello Kaspa Community,

I’m part of the Kaspa Industrial Initiative (Kii) team, so I will address this one time only for clarity.

Kii is a market enabler, to demonstrate Kaspa capability to Industry and accelerate adoption.

The second goal is to be a collaborative public-private ‘platform’ to facilitate discussion and collaboration;
to create new opportunities and use cases between the private sector, public sector and academia;
to facilitate dialogue with regulatory agencies to ensure easier widespread adoption, so we never end up in a Ripple type situation.

From an energy perspective (our core strength), one of the biggest arguments against Kaspa is that Proof of Work requires lots of energy (of course that is where the amazing Kaspa network security comes from).

Our Chairman Paul van Son’s personal mantra is ‘Our Mission : No Emissions’, we can leverage the zero carbon energy transition to bring down the cost of energy for mining as well as the carbon footprint thus eliminating only negative argument against Kas.

We are an Industry focused organisation and that is where our communication focus will be, you will note our ‘Kaspa in Enterprise’ planned event, to bring together C suite level decision makers.

Kii is privately funded and we are using our resources to initiate studies on emerging use cases for various industries, and where appropriate facilitate pilot projects and assist validated deployments on Kaspa for industrial and B2B applications. We are not interested in creating meme’s.

I genuinely want to thank the Kas Community for their incredible support today. We are awestruck by the positive engagement and the volume of emails with ideas and notes of support.

By Crypto Proselyte (@Crypto Proselyte on X)

Early Explorations in Blockchain
Rory O’Neal and his team have been involved in blockchain research since 2015-2016, initially focusing on how DLT could optimize energy transactions and facilitate cross-border trade. At the time, the blockchain landscape was still in its infancy, and enterprises were grappling with issues like scalability, security, and regulatory compliance. Despite significant investments of over $12 million into various blockchain projects, the team found that none of the existing solutions could fully meet the rigorous demands of industrial applications.

The Search for a Viable Blockchain
The team continued to monitor developments in the blockchain space, particularly focusing on projects that promised scalability and decentralization without compromising security. For industries like energy, where transactions need to be reliable, rapid, and secure, the ideal blockchain would have to scale to support thousands of transactions per second (TPS) while remaining decentralized to avoid control by any single entity.

Discovery of Kaspa
In early 2022, O’Neal and his team discovered Kaspa, a blockchain project that seemed to address all the shortcomings they had encountered with other platforms. Kaspa’s unique approach to scalability, security, and decentralization immediately caught their attention, leading them to conduct deeper research and eventually adopt Kaspa as the blockchain of choice for their industrial projects.

Why Kaspa? The Core Advantages
Scalability: Meeting Industrial Demands
Scalability is one of the most significant challenges in blockchain technology, particularly for enterprise applications. Kaspa’s architecture is designed to handle high transaction throughput without compromising on security or decentralization. This makes it particularly well-suited for industries like energy, where a high volume of transactions occurs frequently.

For example, in the emissions trading market, which is expected to reach $2 trillion by 2030, the ability to process thousands of transactions per second is crucial. Kaspa’s ability to scale efficiently provides a robust platform for managing such high volumes of data and transactions.

Decentralization: Ensuring Trust and Security
Kaspa’s commitment to full decentralization is another key factor in its appeal. In global projects, particularly those that span multiple jurisdictions, decentralization is critical for ensuring that the network cannot be controlled or censored by any single entity. This is particularly important in industries like energy, where transactions often involve high stakes and require a high level of trust.

Kaspa’s decentralized nature ensures that no government or other centralized authority can exert control over the network, making it an ideal choice for international applications where censorship resistance is paramount.

Security: Leveraging Proof-of-Work
Security is non-negotiable for enterprises, particularly in sectors where the value of transactions can be extremely high. Kaspa employs a proof-of-work (PoW) consensus mechanism, which, despite being more energy-intensive than alternatives like proof-of-stake (PoS), offers superior security. PoW is well-proven in maintaining the immutability and integrity of the blockchain, which is essential for industries where the underlying assets, such as multi-billion-dollar green hydrogen facilities, require the highest levels of security.

Kaspa’s PoW model is seen as more reliable and robust, particularly in safeguarding against potential attacks, ensuring that the blockchain remains secure even as it scales.

Versatility: Beyond the Energy Sector
While Kaspa initially caught the attention of O’Neal and his team for its potential in the energy sector, its versatility extends far beyond that. The technology behind Kaspa is applicable across a wide range of industries, including infrastructure, logistics, finance, and high-tech electronics. This versatility makes Kaspa a compelling choice for enterprises looking to integrate blockchain technology across various facets of their operations.

The Desert Energy Initiative (Dii): A Precursor to Kaspa’s Industrial Strategy
O’Neal’s involvement with the Desert Energy Initiative (Dii) provided a strong foundation for Kaspa’s industrial strategy. The Dii, which began 15 years ago, aimed to harness renewable energy from deserts, evolving into a significant network that includes major industrial players across Europe and the MENA region. The success of Dii demonstrated the importance of creating a network that could drive innovation and adoption in large-scale industrial projects.

Establishing Kaspa in the Energy Sector
Building on the Dii’s success, O’Neal and his team are now focusing on establishing Kaspa as a key technology in the energy sector. The goal is to create a similar network that promotes Kaspa’s technology to industrial players, starting with energy but eventually expanding to other sectors. This initiative is more than just a technological push; it’s a market enabler for Kaspa, designed to drive widespread adoption by demonstrating its value in real-world applications.

The Kaspa Launchpad: Supporting Innovation and Growth
To further support the adoption of Kaspa, the team is also developing a Kaspa Launchpad. This initiative aims to provide financial and practical assistance to new projects that wish to build on the Kaspa network. By offering regulatory guidance and financial support, the Launchpad will help enterprises navigate the complexities of integrating blockchain technology into their operations, ensuring a smoother transition and faster adoption.

Upcoming Initiatives: Conferences and Collaborations
As part of its strategy to drive adoption, Kii is planning several initiatives aimed at showcasing its potential to the enterprise sector. One such initiative is the “Kaspa and Enterprise” conference in Dublin, where industry leaders and blockchain experts will come together to discuss the future of Kaspa and its applications in various industries. This event will highlight Kaspa’s scalability, security, and versatility, positioning it as a leading blockchain solution for enterprise applications. A conference scheduled for Sept 24, 2024 in DUbliin.  Details to come.

Stablecoins and Financial Services
The team is also working on developing a fully compliant stablecoin on the Kaspa network. This stablecoin will be crucial for industries like finance, where stability and regulatory compliance are essential. By offering a stablecoin, Kaspa will further enhance its appeal to enterprises, providing them with a reliable and compliant digital asset that can be used for a wide range of transactions.

Expanding Beyond Energy: New Applications and Partnerships
While the energy sector is a primary focus, Kaspa’s technology is poised to revolutionize other industries as well. The team is exploring partnerships and applications in sectors like logistics, where blockchain can provide significant efficiencies in tracking and managing goods across global supply chains. By expanding its reach beyond energy, Kaspa is positioning itself as a versatile and scalable blockchain solution that can drive innovation across multiple industries.

Long-term Vision: Kaspa as a Cornerstone of Blockchain Adoption
In the long term, Kaspa aims to become a cornerstone of blockchain adoption across industries. Its focus on solving the key challenges of scalability, security, and decentralization makes it a robust choice for enterprises looking to leverage blockchain technology. As more industries recognize the benefits of blockchain, Kaspa’s role in this ecosystem is expected to grow, driving innovation and efficiency across various sectors.

Kaspa is more than just a blockchain project; it’s a comprehensive solution that addresses the core challenges faced by enterprises in adopting blockchain technology. Its focus on scalability, security, and decentralization makes it a leading choice for industries like energy, finance, and logistics, where these factors are crucial