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BlockDAG: How New Blockchain Architecture Raised $377 Million

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by Giorgi Kostiuk

2 hours ago


BlockDAG is more than just cryptocurrency; it represents a redesigned blockchain model. We explore its technologies and potential.

Rethinking Blockchain Architecture

BlockDAG replaces traditional linear networks with a Directed Acyclic Graph (DAG), allowing multiple blocks to be created and confirmed simultaneously. This significantly increases throughput, handling from 2,000 to 15,000 transactions per second, making it suitable for payment systems and IoT integrations.

Hybrid Consensus Mechanism

BlockDAG employs a hybrid mechanism that adapts Proof-of-Work (PoW) to its DAG-based system, enhancing security and efficiency while solving the double spending issue. It also offers dual mining paths, making the project accessible to a broader audience.

User-Friendly Mining Through Hardware and Mobile

The X Series Miners provide an easy entry into mining, while the X1 Mobile App allows users to mine using smartphones without costly equipment. These solutions expand BlockDAG's accessibility, including in regions with limited infrastructure.

BlockDAG represents a full ecosystem with improved architecture and transparent engagement. The record $377 million presale confirms its potential and suggests that this project could bring significant changes to the industry.

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