DAG Blockchain - PowerPoint PPT Presentation

About This Presentation
Title:

DAG Blockchain

Description:

DAG known as Directed Acyclic Graph is a data structure that uses topological ordering.DAG is an implementation of directed graphical structure.DAG is mostly used for solving problems such as data processing, finding the best route for navigation, scheduling, and data compression. – PowerPoint PPT presentation

Number of Views:218
Slides: 12
Provided by: Zaarahary
Category: Other

less

Transcript and Presenter's Notes

Title: DAG Blockchain


1
DAG - Directed Acyclic Graph
Blockchain 3.0
www.bitdeal.net
2
DAG - What is It ?
  • DAG known as Directed Acyclic Graph is a data
    structure that uses topological ordering.DAG is
    an implementation of directed graphical
    structure.DAG is mostly used for solving problems
    such as data processing, finding the best route
    for navigation, scheduling, and data compression.
  • DAG graph only involves transactions thus
    avoiding the need for the mining process. Thus
    DAG is known as Blockless data ledger that only
    contains transactions and eliminates the need of
    miners for mining a new block.

3
Blockchain Vs DAG
  • Blockchain uses consensus algorithms like Proof
    of Work (PoW) and Proof of Stake (PoS) which
    relies on mining a new block on every transaction
    and follows some strategies to choose the miners
    for the blocks. This makes an insufficient
    situation for transactions.
  • DAG is a concept that arose with the help of the
    concept called "Sidechains" which eliminated the
    mining process. Thus increasing the scalability
    of transactions.

4


Concepts of DAG

5
Elimination of Mining
  • Bitcoin blockchain involves the process of mining
    and miners to validate a transaction. DAG network
    eliminates the mining process and the
    transactions go directly into the validations
    themselves.
  • Thus DAG supports for automated validations and
    no miners, results in safer, secure faster and
    instant transactions.

6
Shorten the Width of Network
  • In the blockchain, while validating a transaction
    it links to the previous transaction which might
    result in widening the network. In DAG, after
    validation, every transaction are linked to a new
    and also an existing transaction on the network.
  • Therefore, DAG prefers an existing later
    transaction to link to a new transaction. The
    goal of DAG is to keep the network width under a
    certain range that can support quick transaction
    and its validation.

7
Swift Transactions
  • As DAG has blockless nature, the transactions run
    directly into the networks which make for quicker
    transactions. The whole process of transactions
    on the DAG network is much faster than those of
    blockchains that are based on PoW and PoS.

8
Double-Spending Issues
  • Bitcoin Blockchain uses unspent Transaction
    Output Model, which makes users to have only one
    transaction.
  • In DAG, the validation of every transaction
    depends on the number of transactions supporting
    it. The rate of transactions entering the network
    is lower, which makes transactions safer and
    faster.

9
Technologies Based on DAG
  • IOTA
  • NANO
  • Byteball
  • Hashgraph
  • Explore More about DAG Here.

10
Bitdeal - Leading Blockchain Development Company
will never pronounce "NO" for adopting new
innovations. Our Blockchain Experts are now
dedicatedly involved in the complete R and D
process of DAG, the next form of development in
blockchain technology.

11



Whatsapp 9677-55-5651

Telegram 9677-55-5651

Mail ID sales_at_bitdeal.net

Website www.bitdeal.net

Write a Comment
User Comments (0)
About PowerShow.com