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Is DAG to Overcome Blockchain?
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Is DAG to Overcome Blockchain?
by Vladdirescu Tue Dec 12, 2017 6:19 pm
Is It the End of Blockchain?
Since a Bitcoin block is created roughly every 10 minutes, the maximum number of possible transactions is very limited. The transactions are prioritized according to the amount of transaction fee paid but if the block is full, you have to wait for the next block. Depending on the amount of fee paid and the transaction volume, you may have to wait several blocks until your own transaction is included. This problem has now reached such proportions that many Bitcoin users have been demanding faster transaction processing for some time but there is no solution yet.
Cryptocurrencies based on DAG have a radically different approach: no blocks = no restrictions on the number of transactions, as well as no evil miners.
Read more: https://coinidol.com/is-it-the-end-of-blockchain/
Since a Bitcoin block is created roughly every 10 minutes, the maximum number of possible transactions is very limited. The transactions are prioritized according to the amount of transaction fee paid but if the block is full, you have to wait for the next block. Depending on the amount of fee paid and the transaction volume, you may have to wait several blocks until your own transaction is included. This problem has now reached such proportions that many Bitcoin users have been demanding faster transaction processing for some time but there is no solution yet.
Cryptocurrencies based on DAG have a radically different approach: no blocks = no restrictions on the number of transactions, as well as no evil miners.
Read more: https://coinidol.com/is-it-the-end-of-blockchain/
Vladdirescu- Posts : 721
Reputation : 1
Join date : 2017-04-21
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