BlockDAG, short for Block Directed Acyclic Graph, is a deviation from the traditional blockchain technology. In a traditional blockchain, blocks are added in a linear sequential fashion, forming a chain-like structure, hence the name blockchain.

BlockDAG, however, is approaching cryptography from a different perspective. While traditional blockchains cannot be processed in parallel, BlockDAG can be processed in parallel.

The native cryptocurrency of BlockDAG, called $BDAG, is currently on pre-sale. This pre-sale is a chance to get $BDAG as an airdrop. In this article, we will see why and how you should buy $BDAG in this opportune moment.

How BlockDAG Is Changing Blockchain Forever

Why BlockDAG’s Parallel Processing Beats Traditional Blockchain Speed

Traditional blockchains are handicapped by their linear block addition model. This comes with the problem of block queuing, as there is a limit to the number of blocks that can be processed and added at a time.

For instance, Bitcoin’s median TPS or Transactions per Second is from 3.3 to 7. Capped at 7 TPS as a maximum, the process of adding blocks beyond this limit becomes a difficult process. As there are more than 7 transactions to be processed during heavy traffic conditions, the blockchain will experience queuing and congestion.

BlockDAG, however, uses ‘Directed Acyclic Graphs’. This comes with a huge advantage that multiple blocks can be processed simultaneously. To visualize this, while Bitcoin’s TPS is capped at 7, BlockDAG-based coins like IOTA and Hedera Hashgraph can process over a thousand blocks per second.

This higher throughput is a definitive advantage of BlockDAG. With fewer bottlenecks within the system, BlockDAG is currently a PoW (Proof of Work) based system.

How BlockDAG Delivers Lightning-Fast Transactions and Higher Efficiency

Since the blocks are added in an acyclic graph rather than a blockchain, the blocks do not need to wait for the chain to grow when it comes to BlockDAG.

This significantly reduces the latency of the network, as a previous block can be easily confirmed by a new block. This provides network confirmations within seconds rather than waiting for minutes. This adaptation can help wallets to have more confirmation stages for checks as necessary, without affecting the deposit and withdrawal times.

How BlockDAG Eliminates Fork Problems for a Seamless Network

Traditional blockchains have the problem of disruptions arising due to forks. Forks are situations where two miners push a block simultaneously. One of the blocks is then discarded in the event of a fork.

In BlockDAG, both blocks can be added to the graph. The additional block is then capable of contributing to the network without being wasted due to a fork.

How BlockDAG’s Design Enables Unlimited Scalability

With BlockDAG being able to grow continuously, over time, the increasing users and consequent transactions can still be accommodated without causing bottlenecks in the network. This ensures that the network is never congested.

This becomes extremely useful when it comes to upgrades, as a longer time can be set aside for continuous development without disrupting the network.

Step-by-Step Guide: How to Buy BlockDAG ($BDAG) Safely

With pre-sales on the go, it seems to be a great time to purchase the future native currency of BlockDAG, $BDAG. At the moment, $BDAG can be ordered online from the official website. Here are the steps to ordering $BDAG.

1. Create a wallet or connect your existing browser wallets, like Metamask or Trust Wallet, to the buying platform.

2. You must have either Ethereum, BNB (Binance Coin), or USDT in your wallet balance. If you want to purchase $BDAG.

3. The next step is to purchase $BDAG coin. You must purchase a minimum of $15 worth $BDAG. At the current price of $0.0015, that is about 10,000 $BDAG coins. After connecting your wallet, you must confirm the transaction on your wallet. USDT spend may require two confirmations.

4. The $BDAG tokens will be airdropped to you once they go live.

Important Warnings Before You Buy $BDAG Tokens

With the $BDAG fever kicking in, there will be scammers and fraudsters trying to impersonate themselves as official BlockDAG representatives and try to make away with the funds of investors who fail to stay safe during this purchase.

Always check the URL that you are visiting. Only buy from the official BlockDAG website, which has listed the tokens for pre-sale. Always make sure you are visiting the right site; do not fall for phishing sites.

Never trust anyone who claims to be an employee of BlockDAG or a person connected with it. They might offer different prices and more lucrative deals, but always remember that they are scams. BlockDAG is currently selling $BDAG at a fixed price of $0.0015; anyone offering a lower price is a fraudster trying to trick you.

Stay updated with the news regarding $BDAG at the official website only.

If you decide to purchase $BDAG, it should be under your own will and responsibility, as cryptocurrencies are volatile assets whose price can appreciate or depreciate in a matter of a short time.

Conclusion: Why BlockDAG Could Be the Next Big Thing

We saw how BlockDAG is aiming to revolutionize the underlying technology of cryptocurrencies. With evolving technology like that of BlockDAG, the crypto domain is going through an era of expansion. It has become a part of our lives, as are many things.

With such a powerful effect on our lives, approaching this uncharted territory is a risky business. We must conduct our own research and must exercise diligence when making decisions; only then can we stay safe while navigating the crypto domain.

FAQs

$BDAG can be bought through exchanges that list it after the launch on mainnet if you are not buying it during the presale. However, prices may vary once the token goes on the mainnet.

BlockDAG is the network’s technology, while $BDAG is the network’s native currency.

Total supply is capped at 150 billion $BDAG.

A total of 10 billion $BDAG is allocated for the pre-sale.

$BDAG will be used for transaction fees of smart contracts, mining rewards, and for governance & staking.