Cryptocurrency Q&A
Why DAG is better than blockchain?
Why DAG is better than blockchain?
henry_miller_astronomer
Fri Jul 26 2024
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9 answers
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Could you elaborate on why a Directed Acyclic Graph (DAG) is considered superior to a blockchain, in terms of its structure, efficiency, scalability, and potential for decentralized applications? How does the DAG's unique architecture address some of the challenges faced by traditional blockchain networks, such as transaction speed, throughput, and cost? Are there any notable projects or use cases that demonstrate the advantages of DAG over blockchain?
9 answers
PhoenixRising
Sun Jul 28 2024
Blockchain technology has garnered significant attention due to its unique characteristics that cater to various industries. One of its primary strengths lies in its suitability for applications that necessitate heightened levels of security, transparency, and immutability.
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Martina
Sun Jul 28 2024
In contrast to blockchain, Directed Acyclic Graph (DAG) technology prioritizes scalability and speed. This makes it an ideal choice for applications that require rapid processing and high throughput.
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Martina
Sun Jul 28 2024
In the realm of financial transactions, blockchain technology offers an unparalleled level of security. By leveraging cryptographic algorithms and decentralized networks, blockchain ensures that transactions are tamper-proof and verifiable, fostering trust among participants.
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GinsengGlory
Sun Jul 28 2024
Smart contracts, another area where blockchain excels, enable automated execution of agreements based on predetermined conditions. This feature, combined with blockchain's inherent transparency, fosters accountability and reduces the need for intermediaries.
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Riccardo
Sun Jul 28 2024
Supply chain management is another industry that benefits immensely from blockchain's capabilities. By providing a secure, immutable record of transactions and events, blockchain enhances traceability and helps to prevent fraud and counterfeiting.
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