Learn About BlockDAGs Tech from MITs Maurice Herlihy in a Recent AMA! Updates on NEAR & UNI Prices
In the quest for blockchain supremacy, the ability to scale and be user-friendly stands out. Near Protocol is making waves in the Crypto AI field, while Uniswap leads the charge in decentralized exchange activity, setting new records on Ethereum Layer-2 networks.
BlockDAG (BDAG), however, is charting a new course. In a recent AMA with Maurice Herlihy, a graduate of both Harvard and MIT, BlockDAG showcased its Directed Acyclic Graph (DAG) framework, challenging the norms of blockchain architecture. This session underscored its enhancements in scalability, cost-efficiency, and security, marking BlockDAG as a visionary alternative to the likes of Near and Uniswap.
Analyzing NEAR Protocols Market Trends
Crypto analyst Seth has spotlighted Near Protocol (NEAR) as an emerging frontrunner in the Crypto AI domain. He notes its strong upward movement, anchored by a solid weekly buy signal and robust RSI, forecasting that NEARs value could reach between $16 and $50 soon.
Currently on an upward trajectory within an ascending channel, NEAR is supported at $6.8, with recent prices fluctuating between $7.04 and $6.77. The currencys recent 29.68% drop reflects a positive shift in market sentiment.
Further, indicators like the 14-day RSI suggest an optimistic trend. Seth also points to the 200-SMA at $5.32 as a key watchpoint for potential price changes. With these dynamics, NEAR is shaping up as a strong candidate for notable market growth.
Uniswaps Record-Breaking $38 Billion Trading Volume
Uniswap has broken its own records, achieving a $38 billion trading volume in November 2024 on Ethereum Layer-2 networks, a jump from $34 billion in March. This impressive 50% increase from Octobers $20.32 billion underlines the growing adoption of Layer-2 solutions like Arbitrum, Base, and Polygon.
Arbitrum was the leader with $19.5 billion, followed by Base with $9.19 billion, and Polygon at $4.33 billion. Henrik Andersson from Apollo Crypto credits this surge to a DeFi renaissance, fueled by increasing on-chain yields and stablecoin demand.
This uptick was also reflected in Uniswaps native unit, UNI, which saw a 42% increase in value, trading at $17.19. Moreover, the platform amassed over $90 million in fees, elevating it to the sixth largest by revenue, overtaking competitors like Tron and Maker.
Maurice Herlihy Sheds Light on BlockDAGs Impactful Presence in Blockchain
BlockDAGs recent presale has caught the eye of many, collecting over $168.5 million from 26 batches, with a current sale price of $0.0234. This positions BlockDAG as a key player in the blockchain space. A major boost to this success comes from Maurice Herlihy, a Harvard and MIT graduate known for his groundbreaking work in distributed computing.
Herlihys role highlights BlockDAGs interesting strides and sets it apart from established competitors like Near Protocol and Uniswap. During a recent AMA, he explored BlockDAGs distinctive architecture, focusing on its Directed Acyclic Graph (DAG) structure. This setup boosts scalability and transaction speed far beyond what traditional blockchain models can offer.
While Near Protocol uses sharding for scalability, BlockDAG implements a more integrated, efficient system. Uniswap, dealing with congestion and high fees within the Ethereum network, contrasts with BlockDAGs design aimed at reducing such inefficiencies and lowering transaction costs.
Moreover, Herlihy emphasized the platforms focus on decentralization and robust security, noting its consensus mechanism combats common vulnerabilities found in other systems. This dedication to security ensures a reliable platform for both users and developers. The AMA highlighted BlockDAGs strategic direction and technical enhancements, underscoring its capacity to outdo its rivals.
With a capable leadership team and a unique approach, BlockDAG is set to transform the blockchain landscape, promising superior performance and reliability compared to Near Protocol and Uniswap.
Final Thoughts
While Near Protocol and Uniswap excel in AI integration and decentralized exchange operations respectively, BlockDAGs latest AMA with Maurice Herlihy focused on solving key issues like scalability and cost-efficiency with its DAG-based architecture. Prioritizing security, decentralization, and efficient transaction processing, BlockDAG presents a robust solution that excels in both vision and functionality.
As other platforms evolve, BlockDAGs distinctive strategy marks it as a compelling choice for those valuing performance, reliability, and interesting progress in the blockchain sector.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Text source: TronWeekly
