- Summary:
- BlockDAG draws inspiration from Bitcoin, including a halving mechanism, but its Proof-of-Work churns out multiple blockchains simultaneously.
BlockDAG, the Layer1 blockchain that synchronises the best of blockchain and Direct Acyclic Graph (DAG) efficiencies, launched its testnet on September 20 to widespread acclaim. Unlike traditional blockchains that churn out transaction blocks in a linear manner, BlockDAG is capable of processing multiple blocks simultaneously.
How BlockDAG works
As a DAG-modelled blockchain, BlockDAG does not process one blockchain at a time and arranges them in chronological order. Instead, it conducts parallel processing of multiple interlinked blocks. It is currently the fastest Proof-of-Work blockchain, with transaction speed of 10 blocks per second. It hopes to increase that to over 100 blocks per second in the future.
By doing this, it offers the safety and transparency in blockchains alongside the fast transaction speeds of DAG technology. In essence, BlockDAG offers the integrity of decentralisation without compromising on scalability and accessibility. The efficiency is reflected in its mining ecosystem, which is highly energy-efficient and accommodates application-based mining using smartphones (X1 app) and large-scale rig-based mining (X10, X30 and X100).
BlockDAG price and presale
BlockDAG launched its presale in December 2023, with and in-built incremetal rise in its BDAG token price. The presale price started at $0.001, but has since risen to $0.00178 after the successful testnet launch. The presale has raised $78.4 million as of this writing. The project’s structure has seen analysts project up to 30,000X ROI and a rise to $1 by 2025.
BDAG is the project’s native token and will be used to pay for gas fees, staking and paying for dApp access. BlockDAG has also scored big through its EVM compatibility, which will attract developers and dApps to the ecosystem.
Even before listing on centralised exchanges, BlockDAG has attracted major partnerships and endorsements. Some of the partners include Italian football giants, Inter Milan and Germany’s football powerhouse, Borussia Dortmund.
Where to buy BDAG token
As of now, BDAG is not yet available on centralised exchanges. However, you can buy it through the presale page where you will get it at a discount. More than 120,000 people have already bought the coin, signaling a large community support.
Tokenomics
The project’s tokenomics show that 33.3% (50 billion) of the 150 billion tokens will be distributed through the presale. Miners have been allocated 75 billion coins (50%), Community (12.7%), Liquidity (3%) and Team (1%)