XDAG

Overview

XDAG (Dagger) is a novel cryptocurrency launched in 2018 that implements directed acyclic graph (DAG) technology and unique Proof-of-Work mining. Its key feature is that every transaction in the network can also serve as a block, making it highly scalable.

Purpose and Utility

The primary intended purpose of XDAG is to serve as a fast, decentralized payment system with built-in mining capabilities. Unlike traditional blockchain systems, XDAG's DAG structure allows for faster transaction processing and better scalability. The project aims to solve the blockchain trilemma of decentralization, security, and scalability.

Business Model and Operations

XDAG operates on a purely decentralized model where miners secure the network through PoW mining. There was no ICO, pre-mine, or token sale - all tokens are created through mining, ensuring a fair distribution. The project generates no revenue itself, as it's a decentralized protocol.

Real-World Adoption

XDAG has an active mining community and is traded on several exchanges. While adoption remains relatively limited compared to major cryptocurrencies, it maintains steady network activity and ongoing development.

Development Activity

The project maintains an open-source codebase with regular updates and improvements. The development team continues to work on protocol upgrades and wallet improvements, showing ongoing commitment to the project.

Token Distribution

XDAG's distribution model is considered fair, with no pre-mine or founder allocation. All tokens are created through mining, preventing concentration of ownership among founders or early investors.