TheBreadmaker

TheBreadmaker

18-06-2022

01:00

I've spent countless hours researching and learning about $DAG I've compiled everything I learned and my thoughts into this thread. ๐Ÿงต

What is $DAG $DAG stands for Directed Acyclic Graph Think of how transactions work on traditional blockchains, they link together to make a chain. $DAG operates more like a tree where each transaction branches off of each other.

Think of $DAG as the trunk of a tree and the $DAG nodes as the individual branches. Each one of these nodes can then branch off of each other and all be interconnected. This allows for more transactions to be validated simultaneously.

With $DAG, each new transaction is built on top of previous ones. This allows for multiple transactions to be referenced as opposed to one at a time. Unlike traditional blockchains, where each transactions is in a block and needs to be validated individually.

Since $DAG is eliminating individual blocks, this means that they won't require mining. This means that less power is required to support the network. This comes with advantages such as: - High transaction speeds - Less energy consumption - No transaction fees

$DAG isn't another blockchain network. It actually is considered an alternative to the blockchain. The main things $DAG is trying to improve upon from your traditional blockchain are: - Cost - Speed - Scalability

The main difference between our current blockchain ecosystem and $DAG is the model in which they go about storing data. Both $DAG and blockchain networks are classified as digital ledgers that record transactions. $DAG just goes about it differently.

Three of the main reasons crypto is popular and saught after are: - Technology - Scalability - Decentralization $DAG checks all three of these boxes. Most other networks such as $BTC and $ETH can't say the same thing.

$DAG operates as a Layer 0 network. Layer 0 networks are essentially the ground floor of blockchain technology and are what blockchain networks are built on. Here is a thread I wrote breaking down each layer and what it does:

To clarify, DAG is a data modeling tool that is used in crypto blockchain technology. $DAG the token was created and adopted by @Conste11ation which uses the DAG technology within their ecosystem. Can be easy to get the two confused.

@Conste11ation $DAG opens the door for micro payments or micro transactions to take place. Right now, that process isn't very easy because you would end up paying more in gas fees than the cost of the actual transaction. With $DAG, there is no processing fee needed to confirm transactions.

@Conste11ation Pros and Cons of $DAG: Pros: - Low Energy Consumption - Can handle high volume of transactions - Mining equipment not necessary - No Transaction Fees Cons: - Low adoption / Limited transactions - Not fully decentralized yet - Secuirty challenges due to low adoption

@Conste11ation I believe $DAG can be a big player in the crypto space and could even reframe how we look at blockchain networks over the next several years. $DAG is fairly complex and there is a lot of consumer education that needs to happen in the future to increase adoption.

@Conste11ation Hopefully you enjoyed this thread on $DAG and the breakdown made it easier to understand. I will continue to provide future updates and information as $DAG evolves Please give the first tweet in this thread a like and retweet so others can learn more!



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