In recent years, Solana rose to fame due to its high transaction speeds. However, the emergence of BlockDAG might challenge Solana's leadership in the Layer 1 space.
Solana's Issues and Uncertain Prospects
Since its rapid rise in 2021-2022, Solana's popularity soon faced serious issues. The use of Proof-of-History (PoH) led to multiple outages, negatively impacting user trust and institutional interest. Solana has experienced seven major outages since its launch, raising doubts about the reliability of the network.
Advantages of BlockDAG Before Launch
BlockDAG opts for a hybrid model based on Directed Acyclic Graph (DAG) for rapid transactions and Proof-of-Work (PoW) for robust decentralization. This model offers speeds of up to 15,000 transactions per second with high resistance to manipulation. Unlike Solana, BlockDAG launches with a testnet and provides developer-friendly tools, reflecting a more strategic development approach.
Growth Prospects for BlockDAG
To date, BlockDAG has raised significant funds through a presale, enhancing liquidity and community interest. With its upcoming launch and a strategy for active marketing campaigns, BlockDAG is taking confident steps to secure strong positions in the market.
BlockDAG embodies a balanced approach that combines speed, security, and developer accessibility. In theory, it could significantly impact the competition in the Layer 1 blockchain space, provided it executes its strategy.
