BlockDAG, a project based on Directed Acyclic Graph (DAG) technology, is gaining popularity due to its ability to reach high transaction speeds and attract investments.
BlockDAG's Achievements
BlockDAG has raised over $313.5 million in its presale and sold 22.9 billion coins. The project has attracted over 2 million mobile miners through its X1 Mining app, indicating significant interest in its ecosystem.
Technology and Capabilities
The BlockDAG system combines key components from three well-known blockchains: Bitcoin, Kaspa, and Ethereum. It utilizes PoW for security, a DAG structure to achieve speeds of up to 15,000 transactions per second, and EVM support for smart contracts. Its operational testnet allows users to develop decentralized applications without requiring coding skills.
Future Plans
BlockDAG plans to roll out grants for developers and host hackathons in the near future. By 2026, the team aims to support over 1,000 decentralized applications. The community is actively engaging in the project, and these important steps for developer attraction are key to its long-term goals for sustainable growth.
BlockDAG holds strong positions in the market and demonstrates openness to the community, which may be crucial for its future success. With the main project's launch expected in the coming months, its influence in the Layer 1 ecosystem is set to grow.
