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Cryptocurrency News Articles
MIT Alum Maurice Herlihy Details BlockDAG’s Edge Over Other Blockchains in New AMA; More on Hedera Network & AVAX Partnerships
Dec 15, 2024 at 01:00 am
The new blockchain trends in the market often spotlight areas where innovation flourishes. The recent Hedera network‘s partnership with Zoniqx underscores the
BlockDAG (BDAG), a new blockchain project, has recently concluded an AMA session that highlighted the project’s innovative DAG-based architecture and its advantages over traditional blockchains. The session was led by Dr. Maurice Herlihy, an MIT Alum and advisory board member of BlockDAG.
During the AMA, Dr. Herlihy explained how BlockDAG’s DAG-based technology differs from conventional blockchains, which typically organize transactions into linear blocks. He noted that this approach can lead to inefficiencies, such as slow transaction speeds and scalability limitations, as seen in Bitcoin.
In contrast, BlockDAG forms a dynamic graph that allows multiple connections per block. This enhances throughput and reduces delays caused by network forks, ultimately enabling faster and more cost-effective transactions.
Accompanying Dr. Herlihy in the AMA session was BlockDAG CEO Anthony Turner, who further elaborated on the project’s achievements, including its record-breaking presale performance.
The project has raised over $165 million in just a few months, with over 17.1 billion BDAG coins sold across 26 presale batches. This strong demand has pushed the entry price to $0.0234 in the current batch.
Crucially, BlockDAG is also notable for its Ethereum Virtual Machine (EVM) compatibility, which enables developers to easily migrate dApps and smart contracts to BlockDAG’s scalable ecosystem.
This compatibility, paired with WASM support, broadens developer access to popular languages like Rust and C++, creating a platform for them to build innovative applications in gaming and DeFi.
Ultimately, users can now enjoy Ethereum’s capabilities but with faster, more affordable transactions on BlockDAG’s efficient blockchain, making it an ideal choice for developers and traders alike.
These features of BlockDAG have attracted developers and traders to the project, pushing its presale to set new records. The project has raised over $165 million in just a few months, with over 17.1 billion BDAG coins sold across 26 presale batches. BlockDAG’s growing community now has over 170,000 unique holders worldwide.
Early backers have already enjoyed impressive growth, with their stakes increasing by 2240% as the BDAG coin price surged from an initial $0.001 to $0.0234 in the current batch.
For those considering this rising crypto giant, now is the perfect time to act, with the entry price still at an affordable $0.0234. However, this low price won’t last long as the current presale batch is about to completely sell out, paving the way for a significant price increase in the next one. Thus, acting now could mean becoming a part of the crypto future.
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