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Cryptocurrency News Articles
Celestia and BlockDAG: Promising Lesser-Known Crypto Projects With Long-Term Value
Nov 08, 2024 at 01:00 am
In the world of crypto, lesser-known projects like Celestia and BlockDAG (BDAG) are emerging as promising options for those eyeing long-term value
As the crypto world continues to expand and evolve, lesser-known projects are emerging with the potential to redefine blockchain technology and offer promising long-term value. Among these projects are Celestia and BlockDAG (BDAG), each offering a unique approach to addressing key challenges in the blockchain space.
Modular Scalability with Celestia
In the realm of blockchain, scalability remains a critical hurdle, especially for Layer 1 blockchains. Among the projects tackling this challenge head-on is Celestia, a Layer 1 blockchain that boasts a modular design. By separating the consensus and data availability layers, Celestia empowers developers to construct high-capacity applications with unmatched flexibility.
Unlike most Layer 1 blockchains, Celestia doesn't prioritize downloading entire blocks. Instead, its data availability sampling (DAS) enables light nodes to efficiently verify data. This approach not only enhances scalability but also reduces the computational power and storage required by nodes.
Following the mainnet beta launch in 2023, Celestia's appeal has grown substantially. The airdrop of TIA coins introduced a vast number of new users to the platform. Despite market fluctuations, there's strong optimism surrounding Celestia's innovative technology.
Many analysts anticipate that this approach will attract developers seeking to create scalable blockchain solutions. Backed by well-known venture capital firms, Celestia aims to become a key platform for complex, decentralized applications in the future.
High-Speed Transactions with BlockDAG
Combining blockchain and Directed Acyclic Graph (DAG) technologies, BlockDAG is a high-speed platform designed for scalability and efficiency. By confirming multiple blocks at once, BlockDAG avoids the typical blockchain bottlenecks, placing it among the top choices for those seeking innovative, scalable options.
Having raised over $115 million in its presale, BlockDAG has seen a remarkable 2100% price surge for early participants. Now in Batch 25, each BDAG coin is priced at $0.022, with a total of 15 billion coins sold so far. Its Layer 1 mainnet is expected to launch in November 2024.
In addition to the presale, BlockDAG has also launched the X1 Miner App, enabling users to mine BDAG on their mobile devices. This initiative has added to BlockDAG's popularity, attracting over 200,000 users to date. So far, miner sales have generated $5.5 million, with over 13,850 miners sold.
Committed to building a thriving community and delivering scalability, BlockDAG is shaping up to be one of the most promising projects for the future.
Promising Projects for Long-Term Gains
While crypto can be inherently volatile, both Celestia and BlockDAG have strong foundations for long-term stability. Celestia's modular design supports varied applications, such as gaming and DeFi, with a relatively affordable price among Layer 1 blockchains, offering an accessible entry point for those interested in its future.
On the other hand, BlockDAG is positioned for the growing demand for high-speed transactions and scalable architecture, making it a promising choice for those seeking long-term gains in the crypto world.
Its partnership with X1 Miners and the structured approach of the team, implementing a four-month vesting period and allocating $100 million in liquidity, further contribute to BlockDAG's stability in the long run.
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