In recent years, Solana has been a leading platform in the blockchain industry due to its high transaction speed. However, a new network, BlockDAG, has emerged, offering unique advantages by combining directed acyclic graphs (DAG) with Proof-of-Work consensus.
BlockDAG: Technological Distinctions
BlockDAG addresses Solana's issues of frequent downtimes and centralization. Its DAG structure and Proof-of-Work consensus allow for multiple blocks to be confirmed simultaneously. The support for both EVM and WASM provides broader options for developers.
Complete DeFi Support from the Start
BlockDAG will launch with DeFi support, including staking, lending, token swapping, and cross-chain bridges from day one. NFT and token creation tools will also be available at launch, which accelerates user adoption significantly.
The Future of BlockDAG: Can It Catch Up to Solana?
BlockDAG has already secured $210 million before its official launch and plans listings on over ten major centralized exchanges. With more than 16,600 miners sold and a network deployed on 100 nodes, the network is rapidly expanding. The project has gained attention from both retail users and large investors.
By setting new standards for decentralization and scalability, BlockDAG is creating conditions for growth in the Web3 landscape. It will be interesting to watch if it can secure a leading market position.
