The focus of today’s review is on BlockDAG Network, a newcomer in the Layer 1 blockchain space. This blockchain positions itself as capable of addressing industry needs and more. With numerous influencers hyping up BlockDAG, I delved into the website, white paper, and watched the keynotes released to gauge its legitimacy.
BlockDAG markets itself as a cutting-edge proof-of-work Layer One blockchain offering high speeds, security, and decentralization, potentially overcoming the Blockchain Trilemma. The platform aims to support applications from everyday use to enterprise protocols, with a user-friendly drag-and-drop application building process. The company, led by CEO Antony Turner and a team of contributors, has reportedly raised $68.4 million as of August 2024 and sponsors UFC Champion Alex Pereira, promising a 10X return at launch for early token purchasers.
BlockDAG’s product lineup includes a crypto payment card, BDAG Coin, and a miner. The crypto payment card, BDAG Coin, and miner are key elements of its ecosystem, suggesting its potential for widespread use and adoption. With an overview of BlockDAG’s products, the review will delve deeper into various aspects such as how to make money with BlockDAG and potential red flags to watch out for, ultimately providing insightful perspectives on the platform.
Original article published at: https://www.nigeriabitcoincommunity.com/blockdag-network-is-it-legit-or-scam/
