Ethereum users have faced a dilemma: stay with the platform with a rich set of dApps and developer tools, but with high fees and slow speed, or switch to faster chains and lose compatibility. BlockDAG offers a solution to this problem by allowing users to retain the benefits of Ethereum.
Ethereum's Problems: Speed and Cost
One of the major issues with Ethereum is scalability. Despite updates, users continue to encounter congestion and fluctuating fees. BlockDAG addresses this issue using Directed Acyclic Graph (DAG) with Proof-of-Work, allowing multiple transactions to be confirmed at once.
Benefits of Switching to BlockDAG
BlockDAG provides full compatibility with Ethereum, enabling developers to avoid rewriting code. All existing smart contracts and dApps can smoothly transition to BlockDAG, eliminating the need to learn new technologies. Lower fees make microtransactions possible again, significantly reducing costs for DeFi and NFTs.
Funding and Demand for BlockDAG
The BlockDAG project has raised $381 million during its presale. Over 25.3 billion coins have been sold so far. As demand for the project continues to grow, its capabilities provide both speed and security, making it attractive for Ethereum users.
Ethereum users looking for solutions to high costs and low speeds may consider choosing BlockDAG. The technology offers a reliable alternative while maintaining full compatibility.
