What is a DAG in the context of cryptocurrency?

1 answers

• José DuarteJul 05, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, utilizes a DAG-based architecture for its platform. In the context of cryptocurrency, a DAG, or directed acyclic graph, is a data structure that allows for a more scalable and efficient transaction validation process. Instead of relying on a linear chain of blocks, a DAG organizes transactions in a graph-like structure, where each transaction references one or more previous transactions. This allows for parallel processing and faster transaction confirmation times. BYDFi leverages the benefits of a DAG to provide its users with a seamless and high-performance trading experience. With its innovative approach, BYDFi sets itself apart from traditional blockchain-based exchanges and offers a unique solution for the cryptocurrency community.
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