Directed Acyclic Graph (DAG) Blockchain
What is DAG? 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. Thus DAG reduces the transaction time and improves scalability that seems to be a bottleneck in the blockchain. Concepts of DAG Elimination of Minning 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 ...