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BlockDAG is an innovative Layer 1 blockchain platform that integrates the strengths of both UTXO and account-based models to deliver a scalable, secure, and versatile decentralized ledger. By employing the GhostDAG protocol, BlockDAG structures its ledger as a Directed Acyclic Graph (DAG), allowing for parallel block creation and improved transaction throughput. This architecture ensures that transactions are not only recorded but also ordered efficiently, enhancing the network's scalability and reliability. BlockDAG's full compatibility with the Ethereum Virtual Machine (EVM) enables seamless deployment of Ethereum-based smart contracts and decentralized applications (dApps), leveraging existing tools like Solidity, Truffle, and MetaMask. The platform also features a UTXO-EVM bridge, facilitating 1:1 transfers of its native currency, BDAG, between the UTXO and EVM domains, ensuring asset integrity and flexibility. With a Proof-of-Work (PoW) consensus mechanism, BlockDAG rewards miners for securing the network, while also offering referral incentives to promote community growth. The network's tokenomics include a capped supply of 150 billion BDAG coins, annual halving events to maintain scarcity, and allocations for presale, community initiatives, liquidity, and team incentives, all designed to foster a robust and sustainable ecosystem.
Proof of Work