I read in a forum that XSH is going to have a DAG as a sidechain.
If this is true, this can be huge.
Can someone confirm?
Based on what NullFunction said last night, DAG is being prototyped for future extensions and they are also prototyping Apps that integrate into the webwallet. Very exciting and definitely makes this coin a market changer in cryptos.
A new webwallet is being released on March 7, which will have 2FA and if I remember right also the ability to manage private keys. A bunch of good stuff and thats all before Implementing masternodes.
Leading DAG into SHIELD will be a major event. In addition to MN, TOR, and other technologies, DAG will be an unrivalled power source for XSH to take off again. In 2018, DAG will be a hot spot and focus!
Can someone explain me was DAG is? has something to do with Ethereum?
thank you in advance
DAG works differently than the blockchain. Where the blockchain requires e.g. Proof of Work from miners on each transaction the DAG gets around this by getting rid of the block entirely. Instead, DAG transactions are linked from one to another, meaning one transaction confirms the next and so on. These links are where the term DAG (Directed Acyclic Graph) comes from. Look up Directed Acyclic Graph in Wikipedia for the mathematical details.
Theoretically DAG does show advantages over the blockchain at nearly every level. But using a DAG system involves also many risks, mainly lack of experience.
The most popular DAG coins so far are IOTA and Byteball.
Directed acyclic graphs should be quantum resistant. I think that's the reason why Dev is trying to implemented DAG. Because that's their goal, to develop a quantum resistant coin.