What is the meaning of DAG in the context of blockchain technology?

3 answers

• Dec 18, 2021 · 3 years ago
  DAG stands for Directed Acyclic Graph, and it is a data structure that is used in some blockchain networks to achieve consensus and improve scalability. Unlike traditional blockchain architectures, which use a linear chain of blocks, DAG-based blockchains allow for multiple transactions to be processed simultaneously. This parallel processing capability makes DAG-based blockchains more efficient and scalable than traditional blockchains. Cryptocurrencies that utilize DAG technology include IOTA and Nano.
  509255
• Dec 18, 2021 · 3 years ago
  DAG stands for Directed Acyclic Graph, and it is a concept used in blockchain technology to represent the structure of transactions. In a DAG-based blockchain, each transaction is linked to multiple previous transactions, forming a graph-like structure. This allows for faster transaction confirmation times and higher transaction throughput compared to traditional blockchain architectures. DAG-based cryptocurrencies aim to address the scalability and transaction speed limitations of traditional blockchains.
  511171
• Dec 18, 2021 · 3 years ago
  DAG, which stands for Directed Acyclic Graph, is a term commonly used in the blockchain industry. It refers to a data structure that represents the flow of transactions in a cryptocurrency network. Unlike traditional blockchains, which rely on a linear chain of blocks, DAG-based blockchains allow for multiple transactions to be confirmed simultaneously. This results in faster transaction processing times and improved scalability. DAG-based cryptocurrencies have gained popularity due to their ability to handle a large number of transactions efficiently.
  558140