Does Kaspa use the same ownership model as Bitcoin?

Yes — Kaspa uses the same UTXO-based ownership model as Bitcoin. In both networks, the UTXO set is the authoritative ledger for who owns what, while the full block history serves as an audit trail rather than a prerequisite for verifying a balance. This means confirming ownership does not require replaying every transaction ever made — only the current state of the UTXO set matters. For a beginner, this is reassuring: Kaspa's ownership records follow the same well-tested design that Bitcoin has used since its launch.