The video by Zach Humphries provides an overview of the key differences between the cryptocurrency Kaspa (KAS) and the original and most well-known cryptocurrency, Bitcoin (BTC). Bitcoin has the first-mover advantage, being the first decentralized cryptocurrency when it launched in 2009. In contrast, Kaspa is still new, having launched in 2022. It represents a wave of innovation building upon the foundation Bitcoin laid in an attempt to address some of Bitcoin’s limitations.
Technology and Structure
One of the most fundamental differences highlighted in the video is the underlying technology behind Kaspa versus Bitcoin. As Zach Humphries states in the video:
“Kaspa uses an advanced Directed Acyclic Graph (DAG) structure while Bitcoin relies on just traditional blockchain technology.”
Unlike Bitcoin’s blockchain structure, Kaspa utilizes an innovative DAG algorithm, which allows for greater scalability and efficiency. These aspects are viewed as major advantages over Bitcoin’s structure.
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Show more +Scalability, Speed, Fees, and Use Cases
Related to its underlying DAG algorithm, Kaspa is designed to be much more scalable than Bitcoin. Scalability remains one of the major challenges facing blockchain networks. Kaspa aims to solve these issues through its technology, allowing it to process more transactions with lower fees.
Kaspa is primarily focused on high transaction throughput, taking aim at microtransactions, online gaming, and other applications needing fast and affordable payments. In contrast, Bitcoin has much slower and more costly transactions, making it less practical for small everyday purchases. However, Bitcoin enjoys a first-mover advantage regarding adoption, regulation, security, and integration for larger financial transactions globally.
Community Support and Market Outlook
As a new cryptocurrency, Kaspa is still gaining regulatory approval and market traction. However, its impressive technology has garnered enthusiasm among the cryptocurrency community. Many Bitcoin supporters are taking interest in Kaspa as an innovative option that may help drive mainstream crypto adoption. If interest continues gaining momentum, Kaspa could see its valuation rise dramatically during the next crypto bull run.
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