In recent weeks, we have witnessed a high amount of rush selling throughout the crypto sector, be it in Bitcoin, Ethereum and every other cryptocurrency. This sell off affected the entire sector and the value of cryptocurrencies dropped by 70-90% of their maximum value.
To help fix blockchain issues, new technologies are emerging on the market, known as data acyclic graph systems (DAG). New cryptocurrencies have emerged, such as IOTA, RailBlocks and Byteball. The systems upon which these currencies are based allow users to further leverage the potential of the technology.
2017 was an excellent year for many crypto enthusiasts and investors. Few of us expected this period to be so successful, especially since it was clear from the beginning of the year that we would see the first hard fork of bitcoin, accompanied by a great deal of uncertainty.
In the last few days, we have again seen blockchain's congestion and the extreme increase in fees for bitcoin transactions and that's just one current bitcoin problem. Not only is it a bitcoin issue but users of ethereum may experience similar problems and increased fees. DAG technology addresses this fundamental problem and has seen an increase in interest.
In recent weeks, we have witnessed increased interest in DAG-based currencies. This new revolutionary technology, which addresses the problems of existing blockchain currencies, is part of IOTA and Raiblock's recently success, whose capitalization increased seven-fold for IOTA and 20 times for RaiBlocks. Both of these currencies have recently become popular with everyone wanting to buy some. The price of Byteball, however, stayed the same for a long time. Now the sleeping giant has woken up and its price has increased from $330 to $770, more than 130%.
Blockchain is a game-changing technology that aims to disrupt markets worldwide, however, Blockchain tech isn’t the only technology with groundbreaking potential in the field. DAG (directed acyclic graph) is one of the main competitors to Blockchain technology. Unlike Blockchain, DAG is a new technology without blocks, miners and expenses on mining itself.
Byteball, a Russian cryptocurrency platform based in Moscow, has announced an upcoming distribution of its Bytes crypto tokens. The first round of the distribution took place on Christmas day, December 25, 2016, and the second round is to take place on February 11, 2017, at 00:33 (UTC) hours according to information on Byteball’s website.