The sale of more than 10,000 mining rigs and a $62 million presale showcase the rising interest and trust in BlockDAG’s revolutionary approach. Explore further with FMC through this article!
1. What is BlockDAG ($BDAG)?
BlockDAG Network stands out in Layer 1 blockchains with its new Proof of Work consensus, focusing on speed, security, and decentralization. Its DAG structure boosts scalability by handling multiple blocks at once and avoiding block wastage.
With a current speed of 10 blocks per second and a target of over 100, the project is set to redefine mining efficiency and consistency. This boost in speed could enable miners with a good hash rate to consistently mine on a single block continuously.
2. What problems does BlockDAG solve?
BlockDAG tackles critical issues in decentralized networks with its hybrid consensus model, enhancing both security and efficiency. Unlike traditional PoW systems, its DAG technology prevents orphan blocks and boosts transaction speed, hence resolving decentralization concerns and minimizing 51% attack risks associated with Nakamoto consensus.
The network features a next-generation confirmation mechanism that supports an efficient mining process. This minimizes reliance on large mining pools, making the system more accessible and scalable while maintaining high security.
3. How does BlockDAG Works?
Okay let’s take a closer look to see how they solve the problems:
DAG Structure
At the core of BlockDAG is the Directed Acyclic Graph (DAG) structure, where edges have a specific direction, preventing any looping back to the same block. This design allows for multiple routes and connections, enabling blocks to link to multiple parent blocks.
Parallel Transaction Processing
In traditional blockchains, transactions are processed sequentially, leading to potential congestion. BlockDAG, however, supports parallel processing, allowing multiple blocks to be added simultaneously, each pointing to different parent blocks. This capability greatly boosts the network’s data handling and speed.
4. BlockDAG selling points
What key features are driving the rapid growth of this project?
Unique Blockchain
BlockDAG offers a unique twist on traditional blockchains by allowing validators to add multiple blocks at once and utilizing parallel transaction processing. This approach greatly enhances scalability.
Swift Proof of Work
It features the fastest Proof of Work system that ensures a surprising speed of up to 10 blocks per second, with a future target of exceeding 100 blocks/sec.
Solving Bottlenecks
The project overcomes common crypto issues with reduced latency, enhanced decentralization, and a dynamic consensus mechanism. It handles up to 15,000 transactions per second—750% faster than Ethereum.
Efficient Mining
Mining here is highly efficient, enabling miners to earn up to 2,000 coins daily, equivalent to $100 per day at launch.
Inclusive Vision
Committed to inclusivity, it offers educational networks and dApps to make blockchain technology accessible to everyone.
Presale Benefits
The presale of BDAG coins offers discounted prices, providing early participants with substantial value.
Rapid Mainnet Launch
The project aims for a mainnet launch within four months, distinguishing itself from projects with longer development timelines.
5. BlockDAG mining system
Its mining ecosystem has played a crucial role in attracting a massive $63 million in presale from investors. The introduction of the BlockDAG X1 miner app has revolutionized cryptocurrency mining by allowing casual users to earn up to 20 $BDAG tokens daily with just a smartphone. This innovation has made mining more accessible to a wider audience.
For those seeking high returns, BlockDAG offers high-performance mining rigs with superior hashing power and energy efficiency. Besides the beginner-friendly miner app, they also have the mining rigs code name X10, X30, and X100 for advanced miners.
With mining yields ranging from 20 to 2,000 $BDAG daily, and the ability to resell rigs at a premium, BlockDAG’s ecosystem offers diverse opportunities for all types of miners.
6. $BDAG token allocation
- Token Name: BlockDAG
- Ticker: BDAG
- Total Supply: 150,000,000,000 BDAG
- Token distribution
- 66% – Community allocation
- 33% – Presale allocation
- 1% – Team allocation
- For more tokenomics details
Conclusion
Amid shifting dynamics in the cryptocurrency market, BlockDAG emerges as a formidable contender, offering a user-friendly mining experience and diverse income streams.
Stay tuned to FMCPAY’s latest articles for more insights into the blockchain market.