XDAG

As blockchain technology gains traction and provides a proven track record of benefits, developers and users are beginning to see some of the weaknesses and issues within the standard blockchain methodology.Ethereum, along with most blockchains structures, uses a model representing a chain to operate.  So-called layer 1 blockchains (like Ethereum) act as highways and freeways for vehicles to drive on.  Even though we can successfully travel on highways, we are all aware that they become congested with high-volume traffic, leading to less efficiency (or toll charges, i.e. gas fees) .Ethereum’s blockchain is like an overcrowded, congested highway, like many others with similar blockchain-like structures. The initial wave of new blockchains tried to solve the problem of scale and congestion by improving the highway (making it wider, or raising the speed limit.) These highways are all Layer 1, built above the ground (Layer 0).On these highways travel different vehicles: passengers cars, trucks, busses, with various speeds and configurations: some for freight and some for people. Big SUVs with one occupant and tour busses with many. This is the layer 2 solution, improving throughput, speed, efficiency, or cost on the freeway.<a href="https://martinhiesboeck.blog/2022/04/12/dag-for-dummies/" rel="noopener noreferrer nofollow">https://martinhiesboeck.blog/2022/04/12/dag-for-dummies/</a>

DAG for Dummies by Dr Martin Hiesboeck

XDAG

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DAG for Dummies by Dr Martin Hiesboeck

XDAG

发布于 2023年4月28日 的其他文章

William Shatner Predicts Where Crypto Will Be When We Reach the Star Trek Years

Coinbase Responds to SEC’s Wells Notice with Bold Move

SVB failure prompts Fed to rethink bank oversight policies

Polygon’s zk IDs: The Solution To a Web3 Identity?

Former a16z Execs To Launch Institutional Crypto Custody Firm

Blockcast 21: Long Live the Frog!

订阅我们免费的电子期刊，获取每日最新加密领域动态！

发布于 2023年4月28日的其他文章