What is DAG and how does it relate to the coinmarketcap?
ETER PNov 26, 2021 · 3 years ago3 answers
Can you explain what DAG is and how it is related to the coinmarketcap? I'm curious to know more about this concept and its connection to the cryptocurrency market.
3 answers
- Nov 26, 2021 · 3 years agoDAG stands for Directed Acyclic Graph, which is a data structure used in certain cryptocurrencies like IOTA and Nano. Unlike traditional blockchain technology, DAG allows for faster transactions and scalability. The coinmarketcap is a platform that provides information about various cryptocurrencies, including those that use DAG technology. It lists the market capitalization, price, volume, and other data for these cryptocurrencies. So, DAG and coinmarketcap are related in the sense that coinmarketcap tracks the performance and market data of cryptocurrencies, including those that utilize DAG technology.
- Nov 26, 2021 · 3 years agoDAG, or Directed Acyclic Graph, is a technology used in some cryptocurrencies to achieve scalability and faster transactions. It is different from the traditional blockchain structure and offers advantages in terms of speed and efficiency. Coinmarketcap, on the other hand, is a popular website that provides information about cryptocurrencies, including their market capitalization, prices, and trading volumes. DAG and coinmarketcap are related in the sense that coinmarketcap tracks and provides data on cryptocurrencies that use DAG technology, allowing users to stay informed about the performance of these coins in the market.
- Nov 26, 2021 · 3 years agoDAG, which stands for Directed Acyclic Graph, is a data structure used in certain cryptocurrencies to achieve scalability and faster transactions. It is an alternative to the traditional blockchain technology. Coinmarketcap, on the other hand, is a widely used platform that provides information about cryptocurrencies, including their market capitalization, prices, and trading volumes. DAG and coinmarketcap are related in the sense that coinmarketcap includes cryptocurrencies that utilize DAG technology in its listings, allowing users to track and analyze the performance of these coins in the market.
Related Tags
Hot Questions
- 97
How does cryptocurrency affect my tax return?
- 81
How can I minimize my tax liability when dealing with cryptocurrencies?
- 81
What are the best digital currencies to invest in right now?
- 71
How can I protect my digital assets from hackers?
- 32
How can I buy Bitcoin with a credit card?
- 31
What are the advantages of using cryptocurrency for online transactions?
- 26
What are the tax implications of using cryptocurrency?
- 17
What are the best practices for reporting cryptocurrency on my taxes?