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BlockDAG: High-speed and environmentally friendly blockchain alternative

Jun 25, 2024
BlockDAG: High-speed and environmentally friendly blockchain alternative
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BlockDAG is a consensus mechanism based on proof of work that aims to redefine the cryptosphere with its advanced Directed Acyclic Graph (DAG) structure. Unlike traditional blockchain technologies, BlockDAG prioritizes security and supports eco-friendliness, paving the way for sustainable digital transformations.

Contents:

BlockDAG: High-speed and environmentally friendly blockchain alternative - news

Principles of BlockDAG

BlockDAG is a unique first layer blockchain technology that provides scalable performance and high-speed confirmations. Thanks to the powerful DAG protocol, BlockDAG does not face the problem of unconnected blocks during transaction recording in the ledger, without sacrificing security.

The BlockDAG model is simple and user-friendly, offering multiple levels of security that other coins based on proof of stake (Proof of Stake) cannot provide. BlockDAG’s holistic approach allows for parallel transaction processing, increasing transparency compared to traditional linear models. It forms an entire ecosystem of decentralized solutions with a high level of development, such as Solana, BNB, Ripple, and others.

BlockDAG stands out among its predecessors due to its exceptional speed and efficiency. Capable of processing up to 10 blocks per second, BlockDAG not only maintains a high pace but also aims to achieve speeds exceeding 100 blocks per second.

The first-layer technology of BlockDAG provides users access to smart contracts, secure mining, and optimized performance. Cryptographic algorithms of BlockDAG protect transactions from potential threats and demonstrate hashing efficiency surpassing traditional systems like SHA 256.

What Problems Does BlockDAG Solve?

BlockDAG Network is designed with a focus on speed, security, and decentralization, which eliminates block losses and ensures scalability and parallel processing, allowing for the simultaneous handling of multiple blocks.

The network addresses key issues of decentralized networks by using a hybrid consensus mechanism. Unlike Nakamoto consensus, which is vulnerable to 51% attacks, DAG technology eliminates isolated blocks and increases throughput, maintaining high security and scalability.

The BlockDAG mining ecosystem includes energy-efficient X series setups and mobile mining applications. It offers high performance and low noise levels, and also allows users to resell their setups at a premium. The mining potential ranges from 20 to 2,000 BDAG per day, providing users with various levels of participation.

BlockDAG: High-speed and environmentally friendly blockchain alternative - news

Tokenomics of BlockDAG Coin

BlockDAG Coin (BDAG) is created with a total volume of 150 billion coins, demonstrating its stability. The annual reduction in emission (halving) helps control inflation and maintain the token's value.

Key Parameters:

  • Maximum Supply: 150 billion coins
  • Allocation for Pre-Sale: 33% (50 billion coins)
  • Allocation for the Community: 66% (98.5 billion coins)
    • Miners: 80% (78.8 billion coins)
    • Community Development: 15% (14.8 billion coins)
    • Liquidity Pool: 5% (4.9 billion coins)
  • Team: 1% (1.5 billion coins)

BlockDAG Coin is created with the aim of ensuring sustainability and long-term value. This is achieved by distributing coins among various participants in the ecosystem, which helps maintain a high level of security and community activity.

To purchase the coins, you need to follow several steps:

Step Description
Choose a Wallet Select a wallet that supports Wallet Connect, such as Trust Wallet, Plus Wallet, or Meta Mask.
Create an Account Create an account in the chosen wallet, set a strong password, and enable two-factor authentication.
Initiate Purchase Go to the BlockDAG website, click 'Buy', connect your wallet, and choose the payment method.
Distribution After the pre-sale is completed, your BDAG coins will be distributed through an airdrop to your wallet.

BlockDAG has significant developmental prospects thanks to its unique architecture and functionality. The Directed Acyclic Graph (DAG) technology makes it attractive for various applications in decentralized finance (DeFi), the Internet of Things (IoT), and smart contracts.

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