How does directed acyclic graph crypto differ from traditional blockchain-based cryptocurrencies?

3 answers

• Nov 23, 2021 · 3 years ago
  Directed acyclic graph (DAG) crypto, such as IOTA, differs from traditional blockchain-based cryptocurrencies in several ways. Unlike blockchain, which relies on a linear chain of blocks, DAG uses a network of interconnected nodes. This allows for parallel processing of transactions, resulting in faster confirmation times and higher scalability. Additionally, DAG eliminates the need for miners and transaction fees, making it more cost-effective. However, DAG also faces challenges such as security vulnerabilities and the need for a large number of transactions to achieve consensus.
  587294
• Nov 23, 2021 · 3 years ago
  Directed acyclic graph (DAG) crypto is like the cool kid in town, breaking away from the traditional blockchain-based cryptocurrencies. With DAG, transactions are confirmed in parallel, leading to faster speeds and greater scalability. Say goodbye to those pesky transaction fees too! But, be cautious, DAG is not without its flaws. Security vulnerabilities and the requirement for a high volume of transactions to achieve consensus are still concerns that need to be addressed.
  478160
• Nov 23, 2021 · 3 years ago
  Directed acyclic graph (DAG) crypto, like IOTA, is a revolutionary approach to cryptocurrencies. Unlike traditional blockchain-based cryptocurrencies, DAG utilizes a network of interconnected nodes instead of a linear chain of blocks. This allows for simultaneous confirmation of transactions, resulting in faster processing times and increased scalability. DAG also eliminates the need for miners and transaction fees, making it more cost-effective for users. However, it's important to note that DAG is still a relatively new technology and faces challenges such as security vulnerabilities and the need for widespread adoption to achieve its full potential.
  660165