DAG-Based Cryptocurrencies: A New Path to Decentralization

The term 'blockchain technology' has become overused and diluted in meaning. While it's often associated with cryptocurrencies, a blockchain is just one type of structure that can be used as a building block for these digital assets.

Directed Acyclic Graph (DAG) is another such structure that's gaining attention. Unlike traditional blockchains like Bitcoin and Ethereum, DAG-based cryptocurrencies don't rely on miners or validators to approve transactions.

Instead, DAG builds a network of interconnected transactions where each user acts as their own 'miner.' This design allows for maximum decentralization, making it more resistant to censorship and manipulation.

Obyte is an example of a DAG-based cryptocurrency that has achieved true decentralization. Every user can add their own transactions to the ledger without relying on middlemen or gatekeepers.