区块链技术的可伸缩性斗争及其阻滞方式如何解决

比特币现金试图通过扩大块尺寸来解决此问题，而溢流器则专注于增强速度及其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.

比特币现金尝试解决区块链技术的主要斗争：可伸缩性。它通过扩大块大小来实现每个块的交易，与越来越多的速度相反，该交易的重点是速度及其偏移功能以快速处理交易。但是，这两种方法仍然面临着旧的限制，通过将DAG与工作证明相结合以创建坚固的基础，从而超过了传统链的顺序瓶颈，从而使阻塞式限制设法合并。尤其是随着加密货币使用的增加，牺牲分散式吞吐量不再可行。

Bitcoin Cash: A Journey Through Changes and Achievements

比特币现金：经历变化和成就的旅程

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.

比特币现金于2017年8月1日出生，是由开发商和矿工直接分开的比特币现金来加快交易并通过将块大小提高到8 MB来降低成本的。此更改实现了每个块的更多交易，从而解决了比特币的原始可扩展性问题。在发布时，比特币现金的交易价格约为240美元，在2017年12月20日飙升至4,355.62美元的峰值。到2018年8月23日，跌至519.12美元左右，展示了加密市场的高波动性。截至2025年3月24日，其价格为332.19美元，远低于其最高价值。

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.

比特币现金的市值约为66亿美元，供应量为19,847,375枚硬币，比特币现金仍然是一个重要的加密实体，但努力保持其价值和市场地位。

Hyperliquid’s Swift Climb in the DeFi Arena

Hyperliquid在Defi竞技场的迅速攀登

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于2024年11月29日引入了令牌，炒作，通过在未经初始筹款的情况下向早期用户供应10亿个总供应量中的31％。自推出以来，该平台每天迅速处理10,000多笔交易，并增长到90,000多名活跃用户。每日贸易量达到4.7亿美元，总销量接近1万亿美元。

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.

尽管取得了最初的成功，但Hype的价值仍然波动，2024年12月的高峰为35美元，到2025年3月下降到14美元。这种市值从超过90亿美元下降到47亿美元，与更广泛的加密货币市场的低迷和担心，对正在进行的撤销的代币稀释。

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.

为了提高风险管理，由于重大清算，超流动性将其流动性库损失400万美元后，将利润率提高到20％。尽管如此，该平台的用户群仍接近40万，展示了其耐力并在Defi空间中越来越重要。

How BlockDAG Is Rethinking Blockchain Consensus

Blockdag如何重新思考区块链共识

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.

传统的区块链设计，一开始就进行了突破性的设计，其顺序过程将其束缚，将所有交易汇入一条线路。这会导致交易速度较慢，费用增加和瓶颈可降低可扩展性。在工作证明系统中发现的顺序验证，例如比特币和原始以太坊的验证，导致固有的效率低下。

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通过将有向的无环图（DAG）与工作证明相结合，从而可以同时确认多个区块，从而改变了此框架。交易沿着各种路径同时处理，完全消除了队列。这项创新不仅可以提高交易能力（在Mainnet上以15,000 TP的目标实现2,000件交易），而且还保持了权力证明的权利安全性。

“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解释说：“我们的混合共识模型将工作证明的安全性和稳定性融合到了定向无环图的敏捷性和速度。”

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

这种方法增强了权力下放的基本原理，设计了一个理想的建筑，适用于不断扩展的宽敞，无信任的网络，而无需进行集中式的架构。

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，这种方法的成功是显而易见的：在没有风险投资的情况下，在预售中筹集了2.08亿美元，分发了超过190亿个硬币，ROI为2,380％，直到最新批次的价格为每枚硬币0.0248美元。 BlockDag不仅是更新旧系统，而且还开创了区块链技术的新基准。

The Evolutionary Leap of BlockDAG in Blockchain Tech

区块链技术中阻滞剂的进化飞跃

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.

虽然比特币现金通过扩大块和专注于速度的财务工具来瞄准规模的现金，但两者都与传统的线性结构息息相关。与之形成鲜明对比的是，BlockDag通过将工作证明与定向的无环形图相结合，使这种旧的范式破碎，不仅预示了技术进步，而且是一种根本的结构变化。这种双重方法可实现有效的并行处理，减少费用和强大的权力下放化。

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

随着对区块链的需求适应现实世界的需求和复杂性，