Algorithm

Cryptos:

2,117

Exchanges:

10

Marketcap:

$2,125,903,050,622

Volume 24h:

$40,062,540,112

Directed Acyclic Graph

DAG

Rank #10

$16,359,431,297

0

4

Winners (undefined)%

24H

Losers (undefined)%

Rank

10

Assets

4

Marketcap

$16,359,431,297

Volume 24h

$535,555,368

Losers

4

Overview
Assets

$16,359,431,297

Marketcap

$535,555,368

Volume

10

Rank

0

Winners

4

Losers

-5.86

%

Change 24h

-28.06

%

Change 7d

1H

-1.57

%

1D

-5.86

%

1W

-28.06

%

1M

-40.77

%

2M

-8.14

%

3M

-1.13

%

6M

238.78

%

1Y

79.81

%

About Directed Acyclic Graph

Directed Acyclic Graph (DAG) is a distributed ledger technology that differs from traditional blockchain-based systems. Rather than storing transactions in blocks, DAG arranges them in a directed acyclic graph structure.

DAG-based systems, like IOTA and Nano, use a unique approach to reach consensus. Instead of relying on miners to validate transactions and create new blocks, DAG uses a network of nodes to validate and confirm transactions. This approach eliminates the need for miners and the associated energy consumption, making DAG-based systems more eco-friendly than traditional blockchains.

In DAG, each transaction is confirmed by the previous transaction. This way, each transaction is a confirmation of a previous one, creating a chain of trust. DAG nodes validate transactions by referencing two previous transactions on the network, and once a transaction is confirmed by enough nodes, it is considered final.

One of the most significant advantages of DAG is its scalability. Since transactions do not need to be confirmed by a central authority, DAG-based systems can process a large number of transactions simultaneously. This scalability also ensures that transaction fees remain low even as transaction volume increases.

DAG-based systems have some disadvantages, though. The lack of a central authority means that they are more vulnerable to attacks than traditional blockchains. Additionally, DAG-based systems can be more difficult to understand and implement than traditional blockchain systems.

Despite these challenges, DAG-based systems continue to attract interest due to their unique approach to consensus and scalability. As the technology develops, it is likely that we will see more DAG-based systems emerge in the cryptocurrency and blockchain space.