BlockDAG technology emerges as a promising solution that could emulate the success of Solana by providing fast transactions and access to innovative tools.
Benefits of BlockDAG Technology
BlockDAG employs a hybrid architecture that combines the DAG structure with Proof-of-Work. This allows for simultaneous block confirmations, significantly increasing transaction processing speed. The BlockDAG testnet has already shown results of over 2000 transactions per second, with forecasts of increasing to 15000 TPS as user adoption grows.
Active Ecosystem and Testnet Features
Even though BlockDAG is in the testing phase, several key features are already accessible, such as token and NFT creation using no-code tools, smart contract deployment, wallet testing, and fee simulations. These measures contribute to the formation of an active ecosystem similar to what helped Solana achieve its success.
Launch and Future Prospects
The global launch of BlockDAG is scheduled for August 11. The current phase includes active user participation, allowing access to the ecosystem and tools without delays. This sets the foundation for high decentralization and potential project success.
BlockDAG showcases potential for significant success in the cryptocurrency market due to its innovative technology and active ecosystem. Parallels with Solana's successful start may provide opportunities for early followers.
