Blockchain technology faces challenges such as speed, security, and decentralization. BlockDAG, using Directed Acyclic Graph, attempts to resolve this issue.
DAG Tech: Built for Throughput and Parallel Processing
BlockDAG processes transactions independently and references prior ones, allowing multiple confirmations simultaneously. This enables speeds from 2,000 to 15,000 transactions per second, significantly surpassing networks like Bitcoin and Ethereum.
PoW Layer: Delivering Security Without Sacrificing Speed
BlockDAG employs an adjusted Proof-of-Work mechanism to ensure security. This approach reduces the likelihood of manipulation and allows for rapid transaction confirmation. Resistance to attacks is bolstered by a distributed network of miners.
Why Developers and Crypto Users are Paying Attention
The BlockDAG system supports compatibility with the Ethereum Virtual Machine, enabling the execution of smart contracts. Users can easily access the network via a mobile app and other services, making BlockDAG appealing for developing new applications.
The BlockDAG model shows promise in overcoming traditional blockchain limitations, combining scalability, security, and decentralization. This could foster broader adoption of crypto technologies.
