BlockDAG technology, which combines Directed Acyclic Graph and Proof-of-Work, represents a revolutionary approach to developing Layer 1 blockchains, addressing core issues of speed, decentralization, and security.
Speed Through DAG and Trust Through PoW
The BlockDAG system utilizes a DAG-based structure, allowing transactions to be confirmed in parallel. This results in significantly higher throughput — from 2,000 to 15,000 transactions per second, greatly exceeding Bitcoin and Ethereum's performance. The use of Proof-of-Work as a consensus method makes the network more decentralized and secure from attacks.
Working Tools and Network Growth
BlockDAG already boasts a working infrastructure: over 19,000 ASIC miners sold, an active testnet, and more than 4,500 developers working on decentralized applications. Additionally, there is a mobile mining app and a demo trading platform currently available.
User and Developer Focus
BlockDAG technology is designed with a broad user base in mind, providing ease of use for both developers and users. EVM compatibility allows existing smart contracts to be easily integrated, while the Proof-of-Work system maintains the honesty and security of the network. The mainnet launch is expected on August 11.
BlockDAG technology is poised to become a significant player in the Layer 1 market, offering high speed and reliability. A successful mainnet launch is anticipated to attract new users and developers.
