BlockDAG May Have Solana Beat When It Comes Down To Trust & Credibility In The Longrun

October 31, 2024 - Around 4 mins mins to read

Cryptocurrencies are relatively new in the grand scheme of things. The crypto industry has had to slowly climb its way up into mainstream investment sectors. Solana (SOL) launched in 2020 and has held onto a fair bit of market share. Its claim to fame was meant to be its transaction speed. As the years have flown by, Solana has failed to meet those ambitious speeds, performing 21x under what was promised.

BlockDAG (BDAG) on the other hand – has upheld its timelines and allowed users to build trust from the coin’s inception until now. That trust will be what carries BlockDAG up and over anything Solana could have dreamt of.

Will The Solana Value Be Able To Keep Up With More Agile Competitors?

Solana’s value has shown big growth since its inception and currently is trading at over $180. The blockchain is known for rapid transaction speeds and scalability, supporting numerous DeFi applications and NFTs. Despite a theoretical capacity of 65,000 transactions per second (TPS), Solana struggles to achieve more than 3,000 TPS in practice.

Network stability issues remain a concern, with outages like the significant 18-hour downtime in February 2023. These disruptions have raised doubts among users and developers about Solana’s long-term reliability.

The Solana value could be challenged by newcomers like BlockDAG, which is showing promise with its directed acyclic graph (DAG) technology. While Solana remains popular, its need for consistent uptime and real scalability might impact its growth.

BlockDAG Is Taking Up Space

BlockDAG is steadily carving out its place as a powerful player in the blockchain world, demonstrating strengths that set it apart from established networks like Solana. Unlike Solana, which has encountered notable challenges with network stability, BlockDAG’s architecture is specifically designed to support scalability and reliability.

Utilising a Directed Acyclic Graph (DAG) structure, BlockDAG achieves rapid processing speeds and efficient data handling, which are crucial for sustaining high-volume transactions without the risk of major outages.

With a presale coin price currently at $0.022 per BDAG coin and impressive metrics—including 14.6 billion coins sold, raising over $107.5 million in total—BlockDAG’s market traction is undeniable. Early backers have already seen returns up to 2100%, signalling the potential for sustained growth. Currently in batch 25 of its presale, BlockDAG continues to gain traction among crypto enthusiasts drawn to the consistent track record.

The Reason Developers Are Leaning Toward BlockDAG

While the Solana value has been on the rise starting at just $0.04 in its presale and now trading at $180, the coin has also faced a few challenges. These challenges have ultimately lost the trust of investors.

These are a few ways in which BlockDAG has done the opposite and has been able to gain trust among traders and developers:

1. Followed a strict roadmap: Most importantly they have followed a realistic roadmap. Letting buyers know what the expected timelines are and then meeting them. Nothing is worse than letting your community down after you have built them up. BlockDAGs roadmap is transparent and has always met expectations.

2. Launched to the testnet: It is one thing to talk about what your project can do – it is another to let developers test it for themselves. BlockDAG launched the testnet halfway through the presale (in line with their roadmap) and validated the claims that they have been making about minting NFTs, staking coins, or burning tokens. They are allowing users to fully explore the blockchain’s potential.

3. Upgrading and adapting: BlockDAG has maintained a community-forward mindset, claiming to want to build a user-friendly blockchain and supportive community. Listening to user feedback in the testnet launch and making adjustments accordingly. The most recent was the website rebrand, adjusted to be more intuitive, transparent, and easy to navigate.

Solana VS BlockDAG Who Is The Front Runner?

The Truth is Solana remains an attractive option, especially for decentralised applications but BlockDAG’s technology offers a more agile and robust approach to network stability and scalability. The very problems Solana has still been facing.

Meanwhile, BlockDAGs adoption rate continues to increase even while it is still in its presale phase. This makes it the perfect time for buyers to get involved with low-risk, making it all the more attractive. Solana will remain a part of the crypto ecosystem probably for years to come but BlockDAG stands to be an ecosystem of its own.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content.