BlockDAG Network Releases DAG Paper V2, Changes the Blockchain Game

The
recent
release
of
BlockDAG
Network’s
Technical
Whitepaper–DAG
Paper
V2,
marks
a
significant
milestone
in
the
blockchain
industry.
Following
their
announcement
last
week,
the
team
delivered
on
their
promise
and
on
Monday
unveiled
the
document
known
as
DAG
Paper
V2.
The
whitepaper,
shared
across
official
channels
including
the
project’s
website,
Instagram, X,
and
Telegram,
provides
a
detailed
account
of
how
BlockDAG
Network’s
groundbreaking
advancements
and
operational
strategies
within
the
blockchain
sector
have
changed
the
industry
forever. 

BlockDAG
and
its
Technology: 

Blockchain
technology
has
long
been
lauded
for
its
potential
to
revolutionize
various
industries
and
individuals’
lives.
However,
conventional
linear
blockchains
encounter
inherent
limitations,
famously
known
as
the
blockchain
trilemma.
BlockDAG
Network
emerges
as
a
solution
to
this
trilemma
by
introducing
a
protocol
that
diverges
from
traditional
linear
blockchains.

Unlike
Bitcoin
and
Ethereum’s
PoW-based
networks,
where
miners
play
a
pivotal
role
in
block
creation,
BlockDAG
Network
introduces
a
pioneering
protocol
that
utilizes
a
Directed
Acyclic
Graph
(DAG)
structure
to
organize
blocks.
Unlike
conventional
architectures,
where
blocks
reference
a
single
previous
block,
BlockDAG’s
blocks
reference
all
leaf
nodes
of
the
DAG.
This
innovative
approach
enables
the
inclusion
of
more
blocks,
accommodating
additional
transactions
and
achieving
higher
throughput.

The
utilization
of
Directed
Acyclic
Graph
(DAG)
structure
ensures
security,
scalability,
and
democracy.
By
amalgamating
the
benefits
of
blockchain
and
DAG
architectures,
BlockDAG
offers
high
throughput
and
fast
transaction
speeds
while
maintaining
robust
security
measures.

BlockDAG
and
its
Security: 

Central
to
BlockDAG’s
protocol
is
its
ability
to
differentiate
between
honest
and
dishonest
blocks
within
the
DAG.
Leveraging
innovative
algorithms
such
as
PHANTOM
and
GHOSTDAG,
BlockDAG
prioritizes
the
inclusion
of
honest
blocks,
ensuring
transaction
integrity
and
coherence
within
the
network.

GHOSTDAG
classifies
blocks
within
the
queue
based
on
their
references
from
previously
validated
blocks,
giving
heavier
blocks
priority
for
processing.
This
incentivizes
miners
to
build
on
the
most
widely
accepted
sections
of
the
DAG,
efficiently
establishing
a
comprehensive
transaction
order.

PHANTOM
relies
on
the
assumption
of
honest
majority
participation
by
miners,
while
acknowledging
the
risk
of
a
malicious
majority
compromising
network
functionality
and
security.
The
GHOSTDAG
algorithm
further
secures
the
PHANTOM
network
by
prioritizing
blocks
with
more
references,
reinforcing
the
dominance
of
the
honest
majority’s
chain
over
time
and
mitigating
the
effectiveness
of
malicious
actors’
attempts
to
disrupt
the
network.

BlockDAG
and
its
Uses: 

With
a
total
supply
of
150
billion
coins,
BlockDAG
Coin
(BDAG)
aims
to
establish
a
fair
and
sustainable
distribution.
The
Technical
Whitepaper
(DAG
Paper
V2)
outlines
the
current
progress
and
future
roadmap
developments
of
the
BlockDAG
Network,
from
the
launch
phase
to
the
expansion
of
the
ecosystem
and
the
integration
of
innovative
solutions.

BlockDAG
Coin
(BDAG)
serves
as
the
native
token
of
the
BlockDAG
ecosystem,
facilitating
various
operations
and
interactions
within
the
network,
including
mining,
spending,
staking,
and
access
to
decentralized
applications
(dApps).
BDAG
acts
as
the
medium
for
mining,
spending,
building,
and
earning.
It
also
facilitates
transaction
fees,
peer-to-peer
(P2P)
transactions,
and
validator
rewards,
fostering
a
dynamic
digital
economy
within
the
blockchain
realm.

The
BlockDAG
Network
team
invites
blockchain
enthusiasts,
developers,
and
stakeholders
to
join
their
journey
towards
a
more
inclusive
and
efficient
blockchain
ecosystem.
With
a
commitment
to
innovation
and
security,
coupled
with
a
wide
range
of
features
and
functionalities,
BlockDAG
Network
aims
to
revolutionize
decentralized
systems
while
paving
the
way
for
a
more
efficient
and
inclusive
digital
future.

For
more
information
and
access
to
the
Technical
Whitepaper,
please
visit
the
BlockDAG
Network
official website.

Read
About BlockDAG
Presale:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.