BlockDAG Network is a new player in the Layer 1 blockchain sector and is gaining attention as a blockchain solution that aims to meet industry needs and more. Many influencers are currently promoting BlockDAG, prompting a closer look at the website, white paper, and keynote speeches released by the platform. The goal is to determine whether BlockDAG is a legitimate blockchain technology or merely a crypto scam with impressive marketing tactics.
BlockDAG boasts industry-leading speeds, unbeatable security, and high decentralization as a cutting-edge proof-of-work Layer One blockchain. It is designed to support applications ranging from everyday use to enterprise-grade protocols. The platform’s second keynote emphasized how simple it is to build applications on BlockDAG, with a drag-and-drop interface. Founded by Antony Turner and a team of contributors, BlockDAG has raised $68.4 million and is sponsoring UFC Champion Alex Pereira, offering a promise of a 10X return at launch for token purchases at the current presale price.
BlockDAG’s product lineup includes a crypto payment card, BDAG Coin, and a miner. The platform aims to make cryptocurrency transactions more accessible through its payment card, while the BDAG Coin serves as the native token of the ecosystem. The miner allows users to participate in the network’s operations and potentially earn rewards. The next sections will delve deeper into how to make money with BlockDAG and discuss any potential red flags associated with the platform before providing closing thoughts on the technology’s viability.
Original article published at: https://www.nigeriabitcoincommunity.com/blockdag-network-is-it-legit-or-scam/
