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Author Topic: WHY is a preference to dag-technology, like a BYTEBALL or IOTA?  (Read 1469 times)
HybCZ
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November 21, 2017, 09:08:35 AM
 #21

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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November 21, 2017, 11:08:52 AM
 #22

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies
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November 21, 2017, 12:44:03 PM
 #23

I am really enthusiastic about the second generation of crypto. The first based on blockchains was totaly breakthrough. The new ideas and technologies which it has brought with it are totaly insane. But they have some bugs, some small, some bigger....But the new generation will be something diferent....similar ideas but much better possibilities with better technology. And we are on start line and we can watch it (and have money in it) from the beginning. And it will be greatfull (and very profitable) journey.
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November 21, 2017, 02:03:39 PM
 #24

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies

Many thanks for informations. Is It the DAG technology safe? How is It works?
What do you think about massive outflow of capital from cryptos Based on blokchain, because of fees and transaction speed, in these projects?
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November 21, 2017, 07:52:55 PM
 #25

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies

Many thanks for informations. Is It the DAG technology safe? How is It works?
What do you think about massive outflow of capital from cryptos Based on blokchain, because of fees and transaction speed, in these projects?
Safer against certain types of risk. The cohesion of the community, either in the case of Bitcoin or Ethereum, is far away from being as before. The more tensions between the community, the worse for these cryptos. Bitcoin still has its unique status and probably will not change in the near future, but in the long run, it could be change. When the next halving comes, and the reward will be only 6.25btc per block, at that time the main part will be the income from the transactions included in the block, and this will be a new situation that can also affect the "mining fee policy". DAG is a new technology, and we are certainly not aware of all the possible aspects of the use in the world of cryptos. We will be able to look forward to new ideas from the developers of the cryptos based on DAG.
HybCZ
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November 22, 2017, 09:29:16 AM
 #26

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies

Many thanks for informations. Is It the DAG technology safe? How is It works?
What do you think about massive outflow of capital from cryptos Based on blokchain, because of fees and transaction speed, in these projects?
Safer against certain types of risk. The cohesion of the community, either in the case of Bitcoin or Ethereum, is far away from being as before. The more tensions between the community, the worse for these cryptos. Bitcoin still has its unique status and probably will not change in the near future, but in the long run, it could be change. When the next halving comes, and the reward will be only 6.25btc per block, at that time the main part will be the income from the transactions included in the block, and this will be a new situation that can also affect the "mining fee policy". DAG is a new technology, and we are certainly not aware of all the possible aspects of the use in the world of cryptos. We will be able to look forward to new ideas from the developers of the cryptos based on DAG.

Seems like a good project. Do you think that now is the right time to invest in byteball Or will be better to wait a while how the situation around this project will develop?
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November 22, 2017, 09:52:53 AM
 #27

BYTEBALL is obviously a far better project and is a far better investment from here.

IOta is untested and until it has the training wheels removed and no serious attacks are successful from many months its not even a proven functional design.

I would take byteball as a better bet from here any day.



I would agree that Byteball is the better of the two projects, and it would be the best of the two to buy even if they were equal in cap, but given that Byteball's marketcap is so much lower it is certainly the one to accumulate.






Black_bl
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November 22, 2017, 10:24:11 AM
 #28

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies

Many thanks for informations. Is It the DAG technology safe? How is It works?
What do you think about massive outflow of capital from cryptos Based on blokchain, because of fees and transaction speed, in these projects?
Safer against certain types of risk. The cohesion of the community, either in the case of Bitcoin or Ethereum, is far away from being as before. The more tensions between the community, the worse for these cryptos. Bitcoin still has its unique status and probably will not change in the near future, but in the long run, it could be change. When the next halving comes, and the reward will be only 6.25btc per block, at that time the main part will be the income from the transactions included in the block, and this will be a new situation that can also affect the "mining fee policy". DAG is a new technology, and we are certainly not aware of all the possible aspects of the use in the world of cryptos. We will be able to look forward to new ideas from the developers of the cryptos based on DAG.

Seems like a good project. Do you think that now is the right time to invest in byteball Or will be better to wait a while how the situation around this project will develop?
I think that the best approach is gradual investment Smiley
HybCZ
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November 22, 2017, 11:56:21 AM
 #29

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies

Many thanks for informations. Is It the DAG technology safe? How is It works?
What do you think about massive outflow of capital from cryptos Based on blokchain, because of fees and transaction speed, in these projects?
Safer against certain types of risk. The cohesion of the community, either in the case of Bitcoin or Ethereum, is far away from being as before. The more tensions between the community, the worse for these cryptos. Bitcoin still has its unique status and probably will not change in the near future, but in the long run, it could be change. When the next halving comes, and the reward will be only 6.25btc per block, at that time the main part will be the income from the transactions included in the block, and this will be a new situation that can also affect the "mining fee policy". DAG is a new technology, and we are certainly not aware of all the possible aspects of the use in the world of cryptos. We will be able to look forward to new ideas from the developers of the cryptos based on DAG.

Seems like a good project. Do you think that now is the right time to invest in byteball Or will be better to wait a while how the situation around this project will develop?
I think that the best approach is gradual investment Smiley

Where is It best to Trade with these commoditas and what Is needed to have It besides capital to start trading?
Black_bl
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November 22, 2017, 07:05:08 PM
 #30

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies

Many thanks for informations. Is It the DAG technology safe? How is It works?
What do you think about massive outflow of capital from cryptos Based on blokchain, because of fees and transaction speed, in these projects?
Safer against certain types of risk. The cohesion of the community, either in the case of Bitcoin or Ethereum, is far away from being as before. The more tensions between the community, the worse for these cryptos. Bitcoin still has its unique status and probably will not change in the near future, but in the long run, it could be change. When the next halving comes, and the reward will be only 6.25btc per block, at that time the main part will be the income from the transactions included in the block, and this will be a new situation that can also affect the "mining fee policy". DAG is a new technology, and we are certainly not aware of all the possible aspects of the use in the world of cryptos. We will be able to look forward to new ideas from the developers of the cryptos based on DAG.

Seems like a good project. Do you think that now is the right time to invest in byteball Or will be better to wait a while how the situation around this project will develop?
I think that the best approach is gradual investment Smiley

Where is It best to Trade with these commoditas and what Is needed to have It besides capital to start trading?
You can trade IOTA via Bitfinex and a few others, Byteball via bittrex and others. The full of the list you can check on coinmarketcap for example. I would say you need your own strategy and to be familiar with these trading platform
Sanglotslongs2
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November 22, 2017, 07:18:15 PM
 #31

It's a good tech because blockchain can be very slow. It's not super effective and DAG (or tangle) are another way of fixing problem, in particulary SCALING. Scaling is a big problem because you can't do it whitout decrease security. Byteball and IOTA must proof that they can be better than other crypto with blockchain.
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November 23, 2017, 01:16:19 AM
 #32

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies

Yes, the low fees or zero fees and a much better scalability are the true winning points. By the way, someon can tell me which are exactly the fees at Byteball?
HybCZ
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November 23, 2017, 07:13:19 AM
 #33

BYTEBALL is obviously a far better project and is a far better investment from here.

IOta is untested and until it has the training wheels removed and no serious attacks are successful from many months its not even a proven functional design.

I would take byteball as a better bet from here any day.



You're probably right. Another thing is that the Byteball and IOTA technology is quite similar, as well as their valuation potential. But Byteball has much lower market cap right now, which means that the potential gain is also much bigger.

More people talk about the byteball, but Iota could also have the potential. Could you please point out the main differences?
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November 25, 2017, 07:19:05 PM
 #34

SPEED IS THE MOST IMPORTANT. Speed is future.

We are still in the world when the speed is the most important and on the other site people don't like when they have to wait.

So if blockchain think it is not a problem if people will wait many hours for finish one transaction, so blockchain is still living in middle age.

If some paying sistem wants to have future, must be fast as paypal or fiat money when you paying with card....

And from this view BYTEBALL is future - Sayonara blockchain.

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November 25, 2017, 07:24:26 PM
 #35

Can somebody explain me why is DAG better then blokchain? How It will affect other currencies (ETH,BTC)?
So firstly, DAG is a block free technology. Without miners and their influence on a network. Scalability isn't a problem in cryptos based on DAG.  Confirmation time is faster because you mustn't wait than your transaction  is placed to a blockchain. Moreover all transaction fees (byteball) go to other users (Iota has zero fees). A lot of wealth from bitcoin ecosystem earn energy companies

This is also my understanding, DAG's main edge over so called first generation blockchain is that it is block free. From what I understand, when the network grows, that is more users, more transactions and more nodes, the network actually gets faster and more secure. How exactly this works I don't quite understand at least, not how it helps to scale. I've seen now three DAGs, I believe Byteball was the first one that looked serious and had all that attention thanks to almost hitting $1,000 back in April or May.

But I think this is all theory, they never grew big enough to test their scalability, in my opinion.

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Dread (OP)
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November 25, 2017, 07:27:21 PM
Merited by cfif (1)
 #36

BYTEBALL is obviously a far better project and is a far better investment from here.

IOta is untested and until it has the training wheels removed and no serious attacks are successful from many months its not even a proven functional design.

I would take byteball as a better bet from here any day.



You're probably right. Another thing is that the Byteball and IOTA technology is quite similar, as well as their valuation potential. But Byteball has much lower market cap right now, which means that the potential gain is also much bigger.

More people talk about the byteball, but Iota could also have the potential. Could you please point out the main differences?

easy-pizy Cool

Byteball

- the ordering of transactions is based on main chain
- there is no chance of orphaning   
- there are deterministic criteria when a transaction becomes final   
- has multiple assets and smart contracts   
- there are assets that are transferred privately

Iota

IOTA uses PoW
parts of the DAG can be orphaned
there are no exact criteria, it is still probabilistic, based on intuition
is a single token currency with only plain payments
all payments are public

is that from byteball-wiki




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November 26, 2017, 12:43:37 PM
 #37

I really look forward to how dag-technology based systems will rise in the future.

It has many advantages than blockchain - based systems - it seems that noone can influence it.
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November 26, 2017, 03:14:58 PM
 #38

Is it possible to change fiat money with byteball or you need to use bitcoin ?
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November 26, 2017, 03:42:57 PM
 #39

I really look forward to how dag-technology based systems will rise in the future.

It has many advantages than blockchain - based systems - it seems that noone can influence it.
Although I do not know much about it,blockchain technology currently is much more used,so it must be more secure in some way,although it is also true that it has not yet been applied to large scales,and also that one seems to be evolving once interoperability between them is achieved those will do almost the same result that dag-technology systems.

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November 26, 2017, 03:59:56 PM
 #40

I really look forward to how dag-technology based systems will rise in the future.

It has many advantages than blockchain - based systems - it seems that noone can influence it.
Although I do not know much about it,blockchain technology currently is much more used,so it must be more secure in some way,although it is also true that it has not yet been applied to large scales,and also that one seems to be evolving once interoperability between them is achieved those will do almost the same result that dag-technology systems.


Yes, this is true blockchain is much more used, but we can also see disadvantages of blockchain systems (fees, influecing, etc...) I belive that blockchain tech. used coins - specifically Bitcoin will be used as we are using - or other people using gold Smiley. (not used for paying, just for keeping)
Dag-technology based systems will be more suitable for wveryday use - micropayments etc...
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