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About BlockDAG Network
Learn About The BlockDAG Ecosystem
What Is BlockDAG?
BlockDAG is a blend of both traditional blockchains and Directed Acyclic Graphs (DAGs). The benefits of DAGs, including high scalability and faster transaction throughput, are combined with the best parts of blockchain technology — such as the ability to implement consensus mechanisms.
This effective combination allows blockDAG to handle a far greater volume of transactions, at faster speeds than standard blockchains.
BlockDAG Network Features
Efficiency
BlockDAG carries out transactions in near real-time due to its DAG architecture. This speed helps unlock new use cases
Low Transaction Fees
BlockDAG makes exorbitant transaction fees a thing of the past. The reduction in computational overhead provided by blockDAG allows you to reap the rewards of the network without continuously running out of gas!
Ethereum Virtual Machine (EVM) Compatible
BlockDAG aligns seamlessly with the EVM. Developers can deploy existing Ethereum-based smart contracts in a highly fluid manner, allowing projects to utilize the rich ecosystem on offer within Ethereum, and dApps such as MetaMask, while enhancing scalability of projects with blockDAG architecture.
Frequently Asked Questions: FAQs
BlockDAG vs Blockchain: What’s The Difference?
BlockDAG infrastructure ultimately represents an evolution from currently existing blockchain technology. With blockDAG, transactions are generally confirmed faster than blockchains as multiple blocks can be added simultaneously. Whereas with blockchain, blocks need to be added one-by-one.
Is BlockDAG Scalable?
Scalability is inherently present by way of blockDAG architecture. Its parallel processing capability ensures greater throughput as the network scales, ensuring the platform adapts and keeps a balance in line with increasing demand.
What Documentation Is Available on BlockDAG?
Here are some useful links to get you started on BlockDAG education & research:
Does BlockDAG have a coin?
Yes. More information can be founded here.
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BlockDAG is a Layer 1 proof of work consensus mechanism that evolves the crypto sphere with a cutting-edge Directed Acyclic Graph structure building on the foundations of Bitcoin & Kaspa
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