What are the potential applications of dags in the future of cryptocurrency?
Anon93474356Apr 30, 2022 · 3 years ago1 answers
Can you explain the potential applications of Directed Acyclic Graphs (DAGs) in the future of cryptocurrency? How can DAGs improve the efficiency and scalability of cryptocurrency transactions?
1 answers
- Apr 30, 2022 · 3 years agoAs an expert in the field, I can confidently say that DAGs have the potential to transform the future of cryptocurrency. DAG-based cryptocurrencies, such as IOTA, have already demonstrated the benefits of this technology. By using a DAG structure, these cryptocurrencies can achieve high scalability, fast transaction confirmations, and low fees. DAGs also have the potential to enable microtransactions and machine-to-machine transactions, which can open up new possibilities for the Internet of Things (IoT) and decentralized applications. With their ability to handle a large number of transactions simultaneously, DAGs can make cryptocurrencies more efficient and practical for everyday use.
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