Press Release

BlockDAG’s Dev Release 36 Elevates Crypto Mining, Surpassing $32.8M in Presale

With the latest update, BlockDAG continues to transform the cryptocurrency sector with its latest innovation in Development Release 36, which introduces an off-chain Proof of Work (PoW) mechanism. This breakthrough has not only enhanced the platform’s functionality but also significantly increased its appeal in the market, evidenced by the sale of more than 6122 miners. As it completes Batch 15 of its presale, BlockDAG has impressively accumulated over $32.8 million, demonstrating strong investor trust and market valuation.

Innovative Mining Technology Defines BlockDAG’s Market Edge

BlockDAG’s mining innovations have captured the attention of crypto investors worldwide. Its foundational Layer 1 technology supports both smart contracts and secure mining, optimizing blockchain efficiency. The platform’s use of advanced cryptographic algorithms surpasses traditional security methods, ensuring transaction safety and superior hashing capabilities. With a focus on sustainability, BlockDAG’s mining operations are designed to be significantly more energy-efficient than traditional crypto mining techniques.

Among its offerings, the X30 mining rig stands out. Capable of earning up to 600 BDAG coins daily, the X30 operates with an impressive hash rate of 280 GH/s, tripling efficiency while maintaining a compact design suitable for various setups. Its ASIC technology, specially designed for BlockDAG’s ecosystem, maximizes computational power, thereby optimizing earnings for miners. This strategic integration of performance, design, and technology underlines BlockDAG’s commitment to leading mining innovation.

Sales and Market Impact Highlight BlockDAG’s Growth

The success of BlockDAG’s innovative mining rigs has significantly contributed to its financial achievements, with more than 6122 units sold and $2.7 million generated side by side from sales in Batch 15. The ongoing presale of BDAG coins, now priced at $0.009 each, reflects a remarkable 800% increase from its initial offering, pushing the total presale revenue to a notable $32.8 million. This robust market performance underscores the widespread acceptance and interest from investors.

Offchain PoW in Dev Release 36 Enhances Scalability and Efficiency

The 36th Development Release from BlockDAG marks a pivotal upgrade with the implementation of an offchain Proof of Work system using a Directed Acyclic Graph structure. This enhancement focuses on scalability and performance by allowing the addition of multiple blocks concurrently, which drastically improves transaction speed and network efficiency.

This release elaborates on the sophisticated blockchain architecture, where each block can reference several parent blocks, enabling parallel processing essential for scalability. Offchain storage is employed to minimize the on-chain data burden, maintaining essential data on-chain for validation while offloading the bulk to external or distributed storage solutions.

Moreover, this update provides a detailed look into the optimized block creation process, from data structuring and nonce calculation to offchain storage and final submission, ensuring data integrity and availability. It uses decentralized storage and validation protocols to maintain consistency and security across the network.

BlockDAG Sets New Industry Standards

With Dev Release 36, BlockDAG establishes new industry standards by enhancing blockchain scalability and performance through innovative offchain PoW solutions. This development, coupled with the successful sales of over 6122 miners and a presale total surpassing $32.8 million, cements BlockDAG’s position as a leader in the crypto market. As the project progresses, the community eagerly anticipates the roll-out of the X1 Miner’s new build, expecting these technological advancements to become directly accessible to users, further solidifying BlockDAG’s transformative impact on decentralized finance.
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