It definitely looks like DAG-based currencies are the future - at least for currencies aiming to be value transfers. Blockchain can't compete with them (on scalability, speed, transaction fees, etc), even with DAGs as they are today. Check out this DAG coin comparison (RaiBlocks, IOTA, Byteball) - they are way ahead of the Blockchain in many ways.
That being said, DAG-based coins are nowhere near as proven out as blockchains, so they may go through some growing pains.
Topic: Is DAG to Overcome Blockchain? - page 2. (Read 568 times)
Who can tell at this stage...DAG is not fully tested
Will it bring more benefits than issues over blockchain - time will tell us
Will it bring more benefits than issues over blockchain - time will tell us
I don't think so. Dag projects like IOTA and Byteball are very promising, and have their own unique system and approach to the scalability issues, but no one really knows how they will work once adoption kicks in, because they don't have that many number of users. Maybe if they got tested with a super computer, to see how the system would really work with a huge number of transactions could help them. But even if they prove to be successful, I don't think they will ever kill blockchain, because blockchain projects, are also working hard in order to sove their issues, and are capable of off-chain solutions, like the lightning network, so maybe both can co-exist.
I think that DAG-based cryptos like IOTA and Byteball don't have such big scalability problems by design. I agree that some mass stress test still has to be done to prove it, but my bet is that they will not have any problem with it. What I like the most is that since there are no miners, there will be no "behind the curtains" dirty politics by big miner groups.
Regarding the blockchain projects to solve the problems - yes, we will have lighting network, but it will probably not be implemented in Bitcoin for at least a year from now. And we have problem now already. So I'm curious to see how the situation will look like in the following months.
I don't think so. Dag projects like IOTA and Byteball are very promising, and have their own unique system and approach to the scalability issues, but no one really knows how they will work once adoption kicks in, because they don't have that many number of users. Maybe if they got tested with a super computer, to see how the system would really work with a huge number of transactions could help them. But even if they prove to be successful, I don't think they will ever kill blockchain, because blockchain projects, are also working hard in order to sove their issues, and are capable of off-chain solutions, like the lightning network, so maybe both can co-exist.
Is It the End of Blockchain?
Since a Bitcoin block is created roughly every 10 minutes, the maximum number of possible transactions is very limited. The transactions are prioritized according to the amount of transaction fee paid but if the block is full, you have to wait for the next block. Depending on the amount of fee paid and the transaction volume, you may have to wait several blocks until your own transaction is included. This problem has now reached such proportions that many Bitcoin users have been demanding faster transaction processing for some time but there is no solution yet.
Cryptocurrencies based on DAG have a radically different approach: no blocks = no restrictions on the number of transactions, as well as no evil miners.
Read more: https://coinidol.com/is-it-the-end-of-blockchain/
Since a Bitcoin block is created roughly every 10 minutes, the maximum number of possible transactions is very limited. The transactions are prioritized according to the amount of transaction fee paid but if the block is full, you have to wait for the next block. Depending on the amount of fee paid and the transaction volume, you may have to wait several blocks until your own transaction is included. This problem has now reached such proportions that many Bitcoin users have been demanding faster transaction processing for some time but there is no solution yet.
Cryptocurrencies based on DAG have a radically different approach: no blocks = no restrictions on the number of transactions, as well as no evil miners.
Read more: https://coinidol.com/is-it-the-end-of-blockchain/
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