The week comes to an end and has been a whirlwind of exploration and technical deep dives for our development team. We're committed to building a robust and innovative platform, and this week was dedicated to thoroughly evaluating potential consensus mechanisms for BlockDAG.
Please note this is our first ever dev releases being released, they will become more comprehensive and in detail over the coming days and weeks! Bear with us!
Consensus Mechanism Selection:
After careful consideration of various protocols, the team has chosen to focus its initial efforts on the PHANTOM protocol. This selection was based on a comprehensive analysis of factors such as scalability, security, and transaction finality guarantees.
Comparative Analysis:
To ensure we're making the most informed decision, the team conducted a rigorous comparative analysis between PHANTOM, GhostDAG, and DAG Night. This analysis involved a detailed evaluation of each protocol's strengths and weaknesses in the context of BlockDAG's specific goals.
Network Security Enhancement:
Understanding the intricacies of the network layer is paramount to achieving optimal network security. In this vein, the development team delved into the inner workings of Peer-to-Peer (P2P) networks, Content-Addressable Networks (CANs), and specifically, Bitcoin's P2P implementation. This in-depth exploration equips us with the knowledge necessary to design a secure and efficient communication infrastructure for BlockDAG.
Going forward, we will be sharing further details about our exploration of the PHANTOM protocol and its potential integration into BlockDAG. We are confident that this meticulous approach will lead to the development of a groundbreaking consensus mechanism that empowers the BlockDAG ecosystem.
Stay tuned team!
Stay tuned for further updates, and as always, feel free to reach out with any questions or feedback you may have.
Thank you for your continued support!
The BlockDAG Development Team