KAS has risen 1,000 times to a new high. Which other DAG concept coins are worth paying attention to?

Compiled by Deep Tide TechFlow

Marathon Digital (MARA) has publicly praised Kaspa (KAS)’s technology and expanded its mining operations into KAS mining, drawing attention to altcoins that share the same technology as KAS. In particular, in the current market context, these altcoins are trading at a favorable price compared to the past.

The following are some observations and records of BeInCrypto on the DAG altcoin.

Thanks to Kaspa for bringing DAG to the attention of the community again

DAG stands for Directed Acyclic Graph, which is a data structure model in blockchain technology. With a traditional blockchain, blocks of data are created sequentially as a chain. But in the DAG model, transaction data is only made by confirming previous transactions, and DAG makes the blockchain structure no longer like a chain, but like a graph.

For blockchains using the DAG model, users who want a transaction to go through need to confirm another transaction sent previously. Just like this, the person who makes the next transaction must confirm the person who made the previous transaction. The DAG model is suitable for high-performance blockchains.
Marathon confirmed this in its statement, saying: “The Kaspa network now processes one block per second, enabling faster transactions and providing Kaspa miners the opportunity to earn more block rewards within a certain time frame ".

MARA also revealed that as of June 25, the company had mined 93 million KAS, worth approximately US$15 million. The current circulation of KAS has reached nearly 84% of the total supply, so KAS no longer faces too much pressure to unlock, and the price of KAS is more objectively determined by the market.

Is DAG the new hype?

Marathon’s participation in KAS mining is a signal to many sensitive investors. Because MARA’s major shareholders include Vanguard Group, BlackRock, etc., MARA’s decision is a signal that large funds also accept the method of mining DAG system altcoins to diversify their income.

From now on, it is likely that many DAG altcoins may gain the attention of the community. Uphold principal investigator Dr. Martin Hiesboeck (@MHiesboeck) seems to have anticipated this possibility, recently making a noteworthy statement.

"DAGs have many mathematical problems and unknown consequences that have not been fully studied. Don't get stuck with what you think is the 'holy grail'! There is no such thing as a holy grail."

Martin actively opposes any form of techno-extremism (overhyped) technology or model), he criticized many people's negative views of Bitcoin technology as outdated, while stating that it is also wrong to think that DAG is the new "holy grail" to solve the blockchain trilemma. The blockchain trilemma refers to achieving security, decentralization and scalability at the same time.

Altcoin prices on the DAG system are at a favorable position

With the exception of Kaspa (KAS), the altcoin with the largest market capitalization and the largest recent gains, CoinmarketCap statistics show that the prices of other altcoins based on the DAG system are still at 2024 in a low position. The prices of altcoins like IOTA, HBAR and others have fallen back to early 2023 levels. fenye

Kaspa is not only a PoW (proof of work) altcoin, miners can use existing hardware resources for mining, and it also adopts the DAG model, showing good economic benefits. Because of this, KAS has unique growth drivers.

Since MARA’s announcement, investors have begun to pay more attention to DAG technology (even though it has existed for a long time), and many projects have also begun to emphasize the application value of DAG technology. The details are as follows:

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