BlockDAG represents a new project in the Layer-1 segment with a unique approach that combines the features of Proof-of-Work and DAG. The project has already raised a record $379 million during its presale.
What is BlockDAG?
BlockDAG combines Proof-of-Work security with DAG scalability, allowing it to process around 10 blocks per second. The project has attracted over 4,500 developers who are creating over 300 decentralized applications before the official network launch. Additionally, BlockDAG is actively expanding its user base by releasing 2.5 million mobile mining applications and selling 19,000 ASIC miners.
Analysts' Forecasts for BDAG's Future
Some analysts predict that the price of BDAG could reach $1 within the next 12-18 months if the project continues to gain popularity. However, any forecasts come with risks, as the entire cryptocurrency market is affected by the prices of Bitcoin and Ethereum. The danger of price declines in leading cryptocurrencies could negatively impact BDAG's early trading stages.
Pros and Cons of BlockDAG
Among the strengths of BlockDAG are: - $379 million raised with the sale of 25 billion coins. - Hybrid PoW and DAG model ensuring reliability and scalability. - More than 4,500 developers working on 300+ decentralized applications. - Active promotion through sponsorship of sports teams.
However, there are also risks: - High expectations for the project based on a record presale. - Technical complexity of combining PoW with DAG. - Competition with established players like Ethereum and Solana.
BlockDAG is one of the most ambitious Layer-1 projects to watch, and its success will depend on its ability to attract real users and ensure activity within the ecosystem after launch.
