What is BDAG?

BDAG is the native cryptocurrency of the BlockDAG ecosystem, serving as the foundational asset for transactions, smart contract execution, and network security. It plays a critical role in facilitating decentralized applications (dApps), securing the network through mining incentives, and enabling seamless peer-to-peer value transfers. As a digital asset, BDAG is used to pay for computational resources, ensuring that transactions and smart contracts are executed efficiently within the BlockDAG framework.

Unlike traditional Proof-of-Stake (PoS) networks, BlockDAG operates on a Proof-of-Work (PoW) consensus mechanism, where miners validate transactions and secure the network by solving complex cryptographic puzzles. This ensures decentralization, immutability, and resistance to censorship. BDAG also functions as a store of value and a medium of exchange, allowing users to participate in the ecosystem without relying on intermediaries.

Additionally, BDAG fuels the smart contract ecosystem by covering gas fees for contract execution and interactions with decentralized applications. Its integration with the broader blockchain space makes BDAG a crucial asset for enabling scalable, secure, and transparent blockchain solutions within the BlockDAG network.