What is a directed Acyclic Graph?
When Satoshi Nakamoto published his seminal whitepaper: Bitcoin: A Peer-to-Peer Electronic Cash System, he introduced a concept now known as blockchain.
This concept has spread across the world with profound implications for industries as different as healthcare, financial services and agriculture.
More than ten years after its inception however, important deficiencies in blockchain technology have begun to surface. The three most pertinent are:
- Scalability
- Energy consumption
- Disc space requirements (Ethereum's blockchain now requires more than 660GB in storage)
These three issues have fired the starting pistol on the race to find blockchain 2.0, and with the emergence of DAGs we might just have found it.
Find out what a DAG is and how it overcomes most of blockchains woes here: https://thecoinoffering.com/learn/what-is-a-directed-acyclic-graph/