I've heard a lot about blockchain technology, but recently I came across DAG. People are saying DAG is better than blockchain. I want to understand why DAG is considered superior to blockchain.
5 answers
HallyuHeroLegendaryStar
Wed Dec 04 2024
Traditional Proof of Work (POW) ledgers can suffer from performance issues when daily transaction volumes increase.
Silvia
Wed Dec 04 2024
DAG-based ledgers exhibit greater scalability compared to conventional blockchain networks.
CryptoProphet
Wed Dec 04 2024
This is attributed to their design, which does not depend on mining or a significant surge in the number of active nodes.
Valentina
Tue Dec 03 2024
Such an increase can lead to adverse effects on POW ledgers, such as slower transaction speeds and higher fees.
noah_wright_author
Tue Dec 03 2024
In contrast, DAG ledgers are capable of managing higher transaction volumes with ease.