BlockDAG, a new blockchain project, has raised nearly $200 million during its presale phase, offering innovative solutions in mining and smart contracts.
BlockDAG's Mining Innovations
BlockDAG's platform does not require the use of ASIC hardware typically used for Bitcoin mining. During the presale, $6 million worth of specialized crypto miner equipment was sold, distinguishing it from large-scale Bitcoin mining operations.
Network Technology and Architecture
BlockDAG employs a hybrid consensus mechanism combining blockchain and Directed Acyclic Graphs (DAGs). This architecture aims to process transactions faster and support higher volumes compared to traditional blockchain networks.
Market Positioning and Partnerships
BlockDAG's partnership with Inter Milan underscores its integration into technological initiatives. The platform enters the market as institutional investors and governments show increased interest in cryptocurrency technologies.
BlockDAG offers users new opportunities for mining and decentralized application development alongside existing platforms.
