The BlockDAG project, focused on efficiency and security, has captured attention owing to its successful presale and ambitious plans. This article reviews the key factors contributing to its popularity.
Presale Success
BlockDAG raised over $342 million in its presale, selling 24 billion BDAG tokens. Such substantial figures attract interest from both retail and institutional investors. Additionally, the presale has built liquidity across 20 exchanges, which may contribute to price stability when trading begins.
Technical Features of BlockDAG
BlockDAG merges the speed of Directed Acyclic Graph (DAG) technology with the security of Proof-of-Work, allowing for high throughput of 2,000 to 15,000 transactions per second. With EVM compatibility, the project makes it easier to migrate Ethereum apps, while its low-code smart contract builder allows non-developers to create solutions.
Plans and Team Ambitions
Even without the mainnet launch, the BlockDAG team actively engages developers by offering generous community grants and hosting hackathons. The goal is to onboard over 1,000 dApps by 2026, which, if achieved, would contribute to a real ecosystem even before the main network is fully launched.
BlockDAG stands as an intriguing project against the backdrop of the current crypto market, with significant early-stage achievements. Its success will depend on the team’s ability to not only launch the network but also cultivate an active application ecosystem.
