Cryptocurrency Q&A
What is DAG mining?
What is DAG mining?
GeishaWhisper
Mon Oct 28 2024
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5 answers
1209
DAG mining refers to the process of utilizing a Directed Acyclic Graph (DAG) data structure in mining cryptocurrencies or validating transactions. Unlike traditional blockchain mining, DAG mining does not rely on sequential blocks but rather on a network of transactions where each new transaction confirms previous ones, allowing for higher scalability and faster transaction speeds.
5 answers
EthereumLegend
Wed Oct 30 2024
In DAGs, transactions can be processed directly, without the need for intermediate steps involved in mining.
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Caterina
Wed Oct 30 2024
Moreover, DAGs facilitate parallel processing of transactions.
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noah_harrison_philosopher
Wed Oct 30 2024
Directed Acyclic Graphs (DAGs) present a revolutionary approach that challenges the conventional blockchain technology.
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Valentina
Wed Oct 30 2024
This parallel processing capability significantly enhances the speed of transaction verification and overall scalability of the system.
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lucas_emma_entrepreneur
Wed Oct 30 2024
Unlike traditional blockchains, DAGs eliminate the requirement for mining blocks.
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