BlockDAG is excited and preparing for their official worldwide launch on August 11. It will present an exciting new hybrid DAG-PoW model to overcome the blockchain’s scalability trilemma. The platform achieves a secure decentralized infrastructure by combining Proof-of-Work (PoW) security with Directed Acyclic Graph’s (DAG) parallel processing. BlockDAG already has its infrastructure established and operating. It claims to support stunning transaction throughput of 2,000 to 15,000 TPS and is completely Ethereum Virtual Machine compatible.
The project has already garnered significant attention, raising $364 million in its presale phase, with a target of $600 million to further support liquidity, development grants, and marketing efforts. Having presold over 19,000 ASIC miners, the mining potential of the new platform clearly has the market buzzing. BlockDAG’s testnet currently enables 4,500 developers who are developing more than 300 decentralized applications (dApps) spanning DeFi, gaming and Web3.
Immutable’s BlockDAG architecture perfectly complements the Ethereum Virtual Machine (EVM), which we’ve adopted. This compatibility enables developers to quickly and easily deploy their current Ethereum smart contracts on the platform. This compatibility expands its appeal and makes it easier for developers already comfortable in the Ethereum ecosystem to transition. By keeping Proof-of-Work (PoW) as its consensus mechanism, BlockDAG makes sure the network will stay decentralized and secure.
The platform features a mobile mining app, X1. All of this has combined to successfully attract 2.5 million users, greatly multiplying its impact. To help introduce users ahead of launch, BlockDAG provides a demo trading platform. This gives early adopters a chance to get acquainted with the platform before it officially launches.
BlockDAG wants to list at $0.05 giving the prospective investor a 3025% return. Some analysts are already projecting BlockDAG to reach as high as $1 in the next 12-18 months. This prediction would mean a monumental 625x gain from today’s presale price.
