區塊鏈技術的可伸縮性鬥爭及其阻滯方式如何解決

比特幣現金試圖通過擴大塊尺寸來解決此問題，而溢流器則專注於增強速度及其DEFI功能。

Bitcoin Cash attempts to address the main struggle of blockchain technology: scalability. It does so by enlarging the block size to enable more transactions per block, contrasting with Hyperliquid which focuses on speed and its DeFi features to quickly process trades. However, both approaches still face old limitations that BlockDAG manages to merge by combining DAG with Proof-of-Work to create a robust base that moves past the sequential bottlenecks of traditional chains. Especially with the rise in crypto usage, sacrificing decentralization for throughput is no longer viable.

比特幣現金嘗試解決區塊鏈技術的主要鬥爭：可伸縮性。它通過擴大塊大小來實現每個塊的交易，與越來越多的速度相反，該交易的重點是速度及其偏移功能以快速處理交易。但是，這兩種方法仍然面臨著舊的限制，通過將DAG與工作證明相結合以創建堅固的基礎，從而超過了傳統鏈的順序瓶頸，從而使阻塞式限制設法合併。尤其是隨著加密貨幣使用的增加，犧牲分散式吞吐量不再可行。

Bitcoin Cash: A Journey Through Changes and Achievements

比特幣現金：經歷變化和成就的旅程

Born on August 1, 2017, from a direct split with Bitcoin, Bitcoin Cash was created by developers and miners to quicken transactions and cut costs by increasing the block size to 8 MB. This change enabled more transactions per block, tackling Bitcoin’s original scalability issues. At launch, Bitcoin Cash traded at about $240 and soared to a peak of $4,355.62 on December 20, 2017. By August 23, 2018, it fell to around $519.12, showcasing the high volatility of the crypto market. As of March 24, 2025, its price stands at $332.19, much lower than its highest value.

比特幣現金於2017年8月1日出生，是由開發商和礦工直接分開的比特幣現金來加快交易並通過將塊大小提高到8 MB來降低成本的。此更改實現了每個塊的更多交易，從而解決了比特幣的原始可擴展性問題。在發佈時，比特幣現金的交易價格約為240美元，在2017年12月20日飆升至4,355.62美元的峰值。到2018年8月23日，跌至519.12美元左右，展示了加密市場的高波動性。截至2025年3月24日，其價格為332.19美元，遠低於其最高價值。

With a market cap of around $6.6 billion and a circulating supply of 19,847,375 coins from a total of 21 million, Bitcoin Cash remains a significant crypto entity but struggles to keep its value and market standing.

比特幣現金的市值約為66億美元，供應量為19,847,375枚硬幣，比特幣現金仍然是一個重要的加密實體，但努力保持其價值和市場地位。

Hyperliquid’s Swift Climb in the DeFi Arena

Hyperliquid在Defi競技場的迅速攀登

Hyperliquid introduced its token, HYPE, on November 29, 2024, by airdropping 31% of its 1 billion total supply to early users, without initial fundraising. Since its introduction, the platform quickly processed over 10,000 trades daily and grew to over 90,000 active users. Daily trade volumes hit $470 million, with total volumes nearing $1 trillion.

Hyperliquid於2024年11月29日引入了令牌，炒作，通過在未經初始籌款的情況下向早期用戶供應10億個總供應量中的31％。自推出以來，該平台每天迅速處理10,000多筆交易，並增長到90,000多名活躍用戶。每日貿易量達到4.7億美元，總銷量接近1萬億美元。

Despite its initial success, HYPE’s value has been volatile, peaking at $35 in December 2024 and dropping to $14 by March 2025. This drop in market cap from over $9 billion to $4.7 billion is tied to the broader crypto market’s downturn and concerns over token dilution from ongoing unlocks.

儘管取得了最初的成功，但Hype的價值仍然波動，2024年12月的高峰為35美元，到2025年3月下降到14美元。這種市值從超過90億美元下降到47億美元，與更廣泛的加密貨幣市場的低迷和擔心，對正在進行的撤銷的代幣稀釋。

To enhance risk management, Hyperliquid raised margin requirements to 20% after a $4 million loss in its liquidity pool due to major liquidations. Still, the platform’s user base is nearing 400,000, showcasing its endurance and increasing importance in the DeFi space.

為了提高風險管理，由於重大清算，超流動性將其流動性庫損失400萬美元後，將利潤率提高到20％。儘管如此，該平台的用戶群仍接近40萬，展示了其耐力並在Defi空間中越來越重要。

How BlockDAG Is Rethinking Blockchain Consensus

Blockdag如何重新思考區塊鏈共識

Traditional blockchain designs, groundbreaking at their start, are held back by their sequential process, funneling all transactions into a single line. This leads to slower transaction speeds, increased fees, and a bottleneck that curtails scalability. The sequential verification found in Proof-of-Work systems, like those of Bitcoin and the original Ethereum, causes inherent inefficiencies.

傳統的區塊鏈設計，一開始就進行了突破性的設計，其順序過程將其束縛，將所有交易匯入一條線路。這會導致交易速度較慢，費用增加和瓶頸可降低可擴展性。在工作證明系統中發現的順序驗證，例如比特幣和原始以太坊的驗證，導致固有的效率低下。

However, BlockDAG transforms this framework by combining a Directed Acyclic Graph (DAG) with Proof-of-Work, enabling the simultaneous confirmation of multiple blocks. Transactions are processed concurrently along various paths, eliminating the queue entirely. This innovation not only boosts transaction capacity (achieving 2,000 transactions per second on the mainnet with a goal of 15,000 TPS) but also maintains decentralization and the proven security of Proof-of-Work.

但是，BlockDag通過將有向的無環圖（DAG）與工作證明相結合，從而可以同時確認多個區塊，從而改變了此框架。交易沿著各種路徑同時處理，完全消除了隊列。這項創新不僅可以提高交易能力（在Mainnet上以15,000 TP的目標實現2,000件交易），而且還保持了權力證明的權利安全性。

“Our hybrid consensus model merges the security and proven stability of Proof-of-Work with the agility and rapidity of a Directed Acyclic Graph,” explains CTO Jeremy Harkness.

CTO Jeremy Harkness解釋說：“我們的混合共識模型將工作證明的安全性和穩定性融合到了定向無環圖的敏捷性和速度。”

This method enhances the foundational principles of decentralization, designing an architecture ideal for expansive, trustless networks that need to scale without becoming centralized.

這種方法增強了權力下放的基本原理，設計了一個理想的建築，適用於不斷擴展的寬敞，無信任的網絡，而無需進行集中式的架構。

Moreover, the success of this approach is evident in significant numbers: $208 million raised in the presale without venture capital, over 19 billion coins distributed, and a ROI of 2,380% up to the latest batch priced at $0.0248 per coin. BlockDAG isn’t merely updating old systems—it’s pioneering a new benchmark in blockchain technology.

此外，這種方法的成功是顯而易見的：在沒有風險投資的情況下，在預售中籌集了2.08億美元，分發了超過190億個硬幣，ROI為2,380％，直到最新批次的價格為每枚硬幣0.0248美元。 BlockDag不僅是更新舊系統，而且還開創了區塊鏈技術的新基準。

The Evolutionary Leap of BlockDAG in Blockchain Tech

區塊鏈技術中阻滯劑的進化飛躍

While Bitcoin Cash aimed for scale by enlarging blocks and Hyperliquid focused on speed with financial tools, both remain tied to traditional, linear structures. In stark contrast, BlockDAG shatters this old paradigm by combining Proof-of-Work with a Directed Acyclic Graph, heralding not just a technological advancement but a radical structural change. This dual approach enables efficient parallel processing, reduced fees, and robust decentralization.

雖然比特幣現金通過擴大塊和專注於速度的財務工具來瞄準規模的現金，但兩者都與傳統的線性結構息息相關。與之形成鮮明對比的是，BlockDag通過將工作證明與定向的無環形圖相結合，使這種舊的範式破碎，不僅預示了技術進步，而且是一種根本的結構變化。這種雙重方法可實現有效的並行處理，減少費用和強大的權力下放化。

As the demand on blockchains to accommodate real-world demands and complexity increases, the

隨著對區塊鏈的需求適應現實世界的需求和復雜性，