How does DAG differ from traditional blockchain?

3 answers

• Mar 18, 2022 · 3 years ago
  DAG and traditional blockchain differ in their underlying structure and consensus algorithms. While traditional blockchain uses a linear chain of blocks, DAG employs a graph-like structure where transactions can be confirmed asynchronously. This allows for higher scalability and faster transaction speeds compared to traditional blockchain. Additionally, DAG does not require miners to validate transactions, as each transaction can validate multiple previous transactions. This eliminates the need for high computational power and reduces energy consumption. However, DAG is still a relatively new technology and may face challenges in terms of security and decentralization.
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• Mar 18, 2022 · 3 years ago
  DAG is like a web of transactions, while traditional blockchain is like a linear chain. In DAG, each transaction can reference multiple previous transactions, creating a more interconnected network. This allows for parallel processing of transactions, resulting in faster confirmation times. On the other hand, traditional blockchain requires each block to be added sequentially, leading to slower transaction speeds. DAG also eliminates the need for miners, as transactions can be validated by other transactions. This reduces the cost and complexity associated with mining. However, DAG is still in its early stages and may need further development to address potential vulnerabilities.
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• Mar 18, 2022 · 3 years ago
  DAG, also known as Tangle, is a technology used by some cryptocurrencies like IOTA. It differs from traditional blockchain in several ways. Firstly, DAG does not rely on miners to validate transactions. Instead, each transaction validates two previous transactions, creating a decentralized and self-regulating network. This eliminates the need for transaction fees and allows for microtransactions. Secondly, DAG offers faster transaction speeds and higher scalability compared to traditional blockchain. Lastly, DAG is designed to be quantum-resistant, making it more secure against potential future threats. However, DAG is still an evolving technology and may have its own limitations and challenges.
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