DAG vs Blockchain
Do you think blockchain is the only technology supporting crypto? 🤔 Think again!
There is a new competitor called DAG (Directed Acyclic Graph)
Let's discover the difference between them and whether DAG is really the future of crypto❗ 🧑🏫
🔗 What is blockchain?
Blockchain is a digital ledger that groups transactions into blocks linked together like a chain. 🔒
We have elaborated on its explanation before
Refer to the post of #blockchain
🕸️ What is #DAG ?
DAG is a data structure similar to a network, where transactions are directly linked to each other without the need for blocks. 🕷️
🔹How does it work?:
Each transaction verifies two previous transactions, making the network faster as the number of users increases.
🔹Its advantages:
Ultra-fast speed (like $IOTA : thousands of transactions/second). ⚡
Low or no fees. 🆓
Ideal for small applications like the Internet of Things (IoT). 📱
🔹Its drawbacks:
Less mature than blockchain, with potential security challenges. 🛡️
It relies on user participation for verification. 🤝
🔮 Is DAG the future?
DAG technology could be the next generation for applications like Web3, and both complement each other Metaverse, but it won't completely replace blockchain.
