There has been a new kind of blockchain or rather distributed asset technology surfacing recently: Directed Acyclic Graph (DAG) based chains. The distributed networks building on this new tech have been drawing in a lot of attention. According to public consensus they seem to offer unique features with less drawbacks to traditional blockchains. Keep in mind though, that these technologies might still lack peer review, but so far they seem to function well according to their developers and communities. We wanted to show you a bit of comparison between the ambassadors of this new wave and a short summary from a market perspective.

Using the DAG approach allows these chains to secure each other’s blocks or data by referencing earlier units created by others. There are currently 3 live projects that are using this technology: Byteball (GBYTE), IOTA and Nano. All 3 are using a different approach to solve the possible attack vectors and this means that they are also owning different features and specifications. Byteball for example has low fees, while IOTA and NANO use a (different) user generated PoW approach to build their chains, but offer zero fee transactions. On Nano every account (address) owns it’s own blockchain, this is labeled as the Block-Lattice, while IOTA uses a Tangle.

These currencies don’t own a block size as they don’t own blocks in the traditional sense. There are also no miners working on these chains, thus they have no inflation resulting from proof of stake or proof of work functions. They are highly scalable and offer an innovative approach to data/value transfer.

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Forecasts

Since WalletInvestor.com offers Machine Learning based forecasting we thought we’d gather the predictions of these 3 projects:

GBYTE current price is 435 USD and our 1-Year Forecast expects 1015 USD

current price is 435 USD and our 1-Year Forecast expects 1015 USD IOTA current price is 1.9 USD and our 1-Year Forecast expects 8.9 USD

current price is 1.9 USD and our 1-Year Forecast expects 8.9 USD NANO current price is 15 USD and our 1-Year Forecast expects 28.8 USD

Keep on mind though that this tool should never be the single reason for your investing, always do your own research. Fundamental research, news following, trade analysis and critical thinking is important when you are looking at investment opportunities. Forecasts change constantly as new market data arrives. Check out our article if you want to know more.

