Exploring different approaches to scalability and economic models in the blockchain world.
The Rise and Growth of Bitcoin
Bitcoin, introduced by the anonymous Satoshi Nakamoto in 2009, marked the start of decentralized digital money. Since its first transaction in 2010, Bitcoin has experienced intense growth, reaching significant price heights. However, its method of halving miner rewards every four years often results in network instability and miner exits.
Ethereum: A Platform for Decentralized Applications
In 2013, Vitalik Buterin developed Ethereum, which went live by 2015. Unlike Bitcoin, Ethereum introduced programmable contracts and tools for decentralized applications (dApps), gaining popularity with DeFi and NFTs.
BlockDAG’s Continuous Reward Model
BlockDAG offers a different model, avoiding sharp reward drops in favor of gradual reduction, allowing miners to remain profitable while supporting the network long-term. According to the project, this model enhances network stability and prevents miner exits, making BlockDAG a viable alternative.
As technologies evolve, BlockDAG demonstrates a new approach to rewarding and scalability issues in blockchain, offering a solution that considers participant interests and strengthens the network.
