BlockDAG Celebrates CMC Listing By Lighting Up London’s Piccadilly Circus
NOIDA (CoinChapter.com)— BlockDAG has recently emerged as a significant player in the crypto sector. The project leverages the Directed Acyclic Graph (DAG) technology to offer a scalable, efficient alternative to traditional blockchain systems.
The approach is gaining attention due to its potential to accommodate higher transaction volumes and reduce latency, making it a compelling choice for various applications. Moreover, the project’s recent marketing campaign has attracted significant attention.
Marketing Campaign and Strategic Moves
BlockDAG recently made headlines with a dynamic marketing campaign at London’s Piccadilly Circus. This high-visibility event celebrated the project’s listing on CoinMarketCap, marking a milestone in its journey towards broader recognition in the crypto market.
Following the campaign, the project experienced significant attention from potential investors and users.
The CoinMarketCap listing is a critical validator of BlockDAG’s potential and reliability. It enhances the project’s visibility and offers investors and users a transparent platform to track its performance, fostering greater trust and engagement.
In terms of fundraising, BlockDAG has shown impressive results, amassing significant funds that reflect strong market trust and investor interest. The project has raised $25.2 million in its presale with a token price of $0.007.
The team has earmarked the funds for further development and expansion, ensuring the project’s sustainability and long-term success. Moreover, the project claims to achieve speeds of 10000-15000 transactions per second.
Additionally, the BlockDAG whitepaper claims to combine low fees with “near-instant confirmations.“
Understanding BlockDAG and Its Technological Foundation
BlockDAG is a Layer 1 blockchain network that aims to address the limitations of traditional blockchains. The project claims its approach balances speed, security, and decentralization, facilitating enhanced transaction throughput without compromising democratic governance.
The core technology behind BlockDAG, the Directed Acyclic Graph, differs fundamentally from traditional blockchains. Instead of a single-thread chain, DAG enables multiple blocks to coexist at the same level and be processed simultaneously.
The structure not only increases transaction capacity but also significantly enhances the speed at which the blockchain processes and records transactions.
By allowing multiple blocks to reference each other, DAG eliminates the risk of block wastage and reduces the chances of bottlenecks, making the network exceptionally scalable and efficient.
Tokenomics plays a crucial role in sustaining BlockDAG. The network boasts a total supply of 150 billion coins and strategically allocates them to support various ecosystem participants.
The team has reserved approximately 33% of the coins, or 50 billion tokens, for presale, providing early supporters with an opportunity to invest at advantageous rates. Moreover, 66% of the supply is for community initiatives, including rewards for miners who secure and validate the network’s operations.
The allocation strategy ensures a fair distribution and encourages active participation from the community, which is vital for the network’s health and expansion. Additionally, a small fraction of 1% is set aside for the team, aligning their interests with the project’s long-term goals and success.
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