A recent investigation into the dagcoin phenomenon has revealed that the creators were actually defrauding investors. In early October, the Estonian National Criminal Police arrested four men accused of illegally selling dagcoins through multi-level marketing and dedicated trading platforms. The defrauders hid their identities and gave investors the impression that they were trustworthy individuals. Upon further investigation, it was discovered that two of the men had secretly operated companies related to the coin. According to preliminary estimates, this scam caused EUR8 million in losses for investors.
The Constellation project is another crypto project using the directed acyclic graph (DAG) for storing data. This decentralized cryptocurrency is intended for widespread use throughout developing economies. It is currently available on several crypto exchanges, including CoinMarketCap. Aside from these exchanges, you can also check the DAG price live on the CoinMarketCap app. The app provides a quick and easy way to check the price of DAG.
The Constellation network supports the Stargazer Wallet, a Google browser extension that does not charge transaction fees for DAG transfers. Another option is to stake DAG in a staking platform, such as the Lattice Exchange. This decentralized network supports a range of decentralized businesses, including node validators, state channel businesses, and DAG purchasers. This technology also allows for cross-chain liquidity pools.
Although the Z-DAG is an excellent solution to many problems associated with the Bitcoin network, it is still not a universal solution. Rather, it is a resilient fallback mechanism for multi-asset payment channels. For example, if a payment channel fails, due to lack of liquidity, a transaction may rollover to the blockchain, destroying the convenience and cost-savings associated with it.
