In recent years, Directed Acyclic Graph (DAG) technologies have gained attention for their speed and scalability. One project that stands out is BlockDAG, which aims to apply its developments in the real financial sector.
Problems with Existing DAG Solutions
While DAG chains like Kaspa have effectively addressed slow confirmations and throughput limitations, most of these projects remain limited to core infrastructure. They rarely extend functionality beyond the protocol layer, which leads to low adoption rates.
Functional Capabilities of BlockDAG
BlockDAG offers a unique approach by combining the high speed of DAG with the benefits of Proof-of-Work for security. The project supports EVM tools and provides DeFi functionalities such as decentralized exchanges and oracles. This enables it to expand its functionality and ensure practical applications in the financial sector, including remittance solutions and financial apps.
Trends and Achievements of BlockDAG
Currently, BlockDAG has secured over $323 million through its presale, and its ecosystem continues to grow. Plans include the launch of a native decentralized exchange and other financial tools in 2025. If these plans come to fruition, BlockDAG could become a backbone for fast transactions and financial operations in the crypto industry.
BlockDAG represents a promising technology that opens new avenues in the world of finance and DeFi, combining speed and functionality. This could enhance the adoption of DAG technologies in the real world.
