1. Project Introduction
BlockDAG uses a Directed Acyclic Graph (DAG) structure combined with a Proof-of-Work (PoW) consensus mechanism. The DAG ensures that blocks created in parallel are not orphaned. Instead, they are still included and ordered within the consensus, allowing high block rates and minimizing confirmation times. Unlike traditional blockchains, BlockDAG organizes blocks in parallel chains, allowing greater scalability and more efficient use of resources. This design improves transaction speed and scalability while avoiding orphaned blocks. BlockDAG’s use of the UTXO model makes tracking ownership and validating
transactions more efficient, especially in high-volume systems. As one of the first blockDAG-based networks, BlockDAG allows for high throughput, extremely fast confirmations, and next-generation scalability - all while staying decentralized.
2. Coin Info
- Token Name: BlockDAG
- Token Symbol: BDAG
- Token Type: Mainnet
- Total Supply: 100,956,446,648 BDAG
- Circulating Supply: 30,143,748,368 BDAG
3. Useful Links
- Official Website: https://academy.blockdag.network/home
- Explorer: https://bdagscan.com/
- Whitepaper: https://blockdag.network/blockdag-new-whitepaper-r1.pdf
- Twitter: https://x.com/blockdagnetwork
- Discord: https://discord.com/invite/Q7BxghMVyu