What is Dag & how does it work?

It's a copy of the decentralized blockchain coin history. It's required for local mining. DAG stands for Directed Acyclic Graph, the technique used for store the data. DAG stands for Directed Acyclic Graph.

What is blockchain and how does it work?

The concept of blockchain as a standalone technology started gaining popularity in 2015. Prior to that, it was just known as a data structure underlying Bitcoin technology. In Satoshi Nakamoto’s white paper, the two words “block” and “chain” appeared together. It was only called “a chain of blocks.”

What are the edges of a blockchain?

Data are represented as vertices or “nodes” and are connected to each other by edges. The edges represent a vertex connecting to a previous vertex, in the same way that the blocks of the blockchain are linked to each other. “Directed” comes from the fact that these edges have a direction.

How do DAG-based Ledger nodes reach consensus faster than blockchain networks?

DAG-based ledger nodes reach consensus significantly faster than blockchain networks. For example, Hedera uses a gossip protocol that transmits data at lightning-fast speeds. When a node receives new information, it immediately shares it with another node. The two nodes each choose another node randomly and transmit the newly learned information.