BlockDAG, a new crypto project, offers a unique architecture with Ethereum support and significant user interest.
Innovative BlockDAG Architecture
In 2022, Kaspa grabbed attention with its Directed Acyclic Graph (DAG) architecture, ensuring high transaction speed. However, BlockDAG has advanced this concept by integrating it with Bitcoin's proven proof-of-work consensus. BlockDAG has already attracted over 2 million mobile miners through its X1 app.
BlockDAG's Hybrid Model
BlockDAG's architecture combines the strengths of Bitcoin, Kaspa, and Ethereum, offering security and avoiding centralization through proof-of-work. It can handle up to 15,000 transactions per second and supports smart contracts, providing developers with an easy way to deploy applications.
Strategies to Reach $1 and Beyond
To achieve a target of $1, BlockDAG needs to reach a market cap of $50 billion, placing it among the top cryptocurrencies. The strategy includes a structured market entry, taking liquidity and trading volume into account. The project team emphasizes infrastructure development and developer support, aiming to onboard over 1,000 decentralized applications by 2026.
BlockDAG demonstrates a sustainable approach to development, focusing on building tools and maintaining infrastructure, which may lead to long-term success.
