BlockDAG offers a new strategy in the blockchain arena, eliminating abrupt reward cuts like those of Bitcoin, ensuring greater network stability.
Bitcoin: Milestones and Issues
Created in 2009 by Satoshi Nakamoto, Bitcoin was the first decentralized cryptocurrency. However, its sharp reward cuts every four years significantly impact network stability and miner viability.
Ethereum: Smart Contracts and dApps
Ethereum, developed by Vitalik Buterin, transformed blockchain usage by introducing the smart contract concept. Despite this, it faces scalability issues and high transaction fees.
BlockDAG: Gradual Reward Reduction
BlockDAG introduces a model of gradual reward reduction, allowing miners to receive stable income and avoid the risks associated with abrupt changes. This contributes to maintaining a decentralized and resilient network.
BlockDAG offers a thoughtful response to the challenges faced by the crypto community, providing gradual reward reduction and, thus, enhanced network resilience.
