XDAG
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in XDAG from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to XDAG.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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