Using DAG technology, can IOTA lead the new trend of blockchain?

DAG technology is one of the technical hotspots in the field of blockchain. DAG technology has faster transaction speed and more scalability than the original block + chain data structure, but due to its technical threshold and development difficulty, there are not many projects in-depth research on DAG technology.

For a chained network, not the processing power of the nodes is not strong, but the chain structure cannot be calculated in parallel, and the wasted time is mainly the waiting time. For DAG, there is no such problem. When the wallet initiates a transaction, there is no need to wait for how many transactions before it. It only needs to undergo partial verification, full network broadcast, and other partial verification, which is equivalent to decentralizing the transaction confirmation. The nodes are doing work similar to jigsaw puzzles, stitching up their own transactions with others.

DAG has several advantages:

1 trading speed block

2. Strong scalability: Because each node can calculate and make the accounting node easy to reply and extend without waiting for the data of other nodes to be synchronized, DAG is very suitable for IoT projects, such as machine micropayment.

3. It is more difficult to do evil

 

DAG public chain representative project

IOTA

IOTA is an open source underlying protocol. It is a new transaction settlement and data transfer layer designed for the Internet of Things. Using DAG-based Tangle technology, community members or related companies can spontaneously develop software on top of protocols. Applications, representative application cases are as follows: Qubic, Elaadn, data.iota.org, IoTipBot.

The name of IOTA comes from IoT, which is designed to promote the development of IoT and to help complete a large number of micro-transactions. It is essentially a micro-cryptocurrency, and the iota coin price today is about $1. In stark contrast, bitcoin prices once soared to $19,000 and are now hovering above $6,000.

With the community's awareness and popularity of DAG technology, the increasing number of developers, and the improvement and development of DAG technology, the advantages of DAG projects will gradually become prominent, and its superior performance and scalability are strong for existing blockchain projects. A huge impact, from a technical point of view, DAG brings us a new blockchain experiment.

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