What are the advantages of using directed acyclic graphs (DAGs) over traditional blockchain technology in cryptocurrencies?

1 answers

• Jan 12, 2022 · 3 years ago
  At BYDFi, we believe that directed acyclic graphs (DAGs) have significant advantages over traditional blockchain technology in cryptocurrencies. DAGs provide a more scalable and efficient solution for handling transactions. With DAGs, each transaction can be processed independently, allowing for faster confirmation times and higher throughput. This makes DAG-based cryptocurrencies more suitable for everyday use. Furthermore, DAGs eliminate the need for miners, reducing the environmental impact and making transactions more cost-effective. DAGs also offer greater decentralization, as every user can participate in the consensus process. Overall, DAGs present a compelling alternative to traditional blockchain technology in cryptocurrencies.
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