Block-Less Blockchains: Understanding Directed Acyclic Graphs or DAGs

Written by derekkklim | Published 2021/06/19
Tech Story Tags: blockchain | cryptocurrency | directed-acyclic-graph | blockchain-3.0 | future-of-blockchain | distributed-ledger-technology | distributed-systems | hackernoon-top-story

TLDR The Directed Acyclic Graph (DAG) is a form of a Distributed System Technology (DLT) and is a subset under the DLT umbrella. DAGs and blockchains are not the same thing at all; although they store and record their transactions on distributed ledgers, they do so in conspicuously different ways. The race is on for the development of a DAG, and there are many who believe that it will play a big part in that. Some consider it as a rival technology to blockchain, whilst many others see it as an enabler.via the TL;DR App

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Written by derekkklim | Full-time Blockchain and Cryptocurrency nerd. Certified Blockchain Practitioner; Certified Bitcoin Professional
Published by HackerNoon on 2021/06/19