BlockDAG's Keynote 2 is capturing headlines with its pioneering Detailed Acyclic Graph (DAG) technology and the launch of the X1 app. As Ethereum experiences a price downturn and BNB Chain faces security vulnerabilities, BlockDAG's advancements are generating substantial investor interest.
Ethereum Continues Its Downward Trend: What's Next?
Ethereum is deepening its decline, now below the crucial $3,800 support level, after failing to hold above $3,880. Currently, Ethereum is hovering just over $3,800, with the 100-hourly Simple Moving Average proving to be a formidable barrier.
A distinct bearish trend line has emerged, and if Ethereum does not overcome the $3,800 resistance, it may face further declines. Immediate support is found at $3,720, with potential drops toward $3,550 on the horizon. Nonetheless, a robust recovery above $3,800 could push Ethereum to test higher resistances at $3,900 and $4,000.
Security Breach Hits BNB Chain
BNB Chain recently suffered a security breach, losing $80,000 in Bitcoin. Cyvers, a blockchain security firm, identified the breach, suggesting the hacker might have been conducting a security test. The stolen funds were anonymized via Tornado Cash, underscoring persistent security challenges.
This incident follows a significant breach of the Gala Games, amplifying concerns about blockchain security. Ongoing investigations aim to bolster security measures to forestall future incidents. These successive breaches are heightening tensions within the crypto community and underscoring the critical need for stringent security practices.
BlockDAG's Keynote 2 Unveils X10 Miners and Strategic Roadmap
BlockDAG's recent Keynote 2 has brought to light significant technological advancements, especially the integration of Directed Acyclic Graph (DAG) technology, which enhances transaction speed and reliability by facilitating concurrent operations and integrating Proof-Of-Work (PoW) with DAG structures. The X1 app is now in beta and available on both Android and Apple platforms.
The keynote also introduced the X10 miners to the market, distributing them to prominent crypto influencers for testing and online reviews. Alongside, the team is enhancing the Blockchain Explorer, focusing on perfecting blockchain infrastructure functionalities such as Blocks and Transactions with BlockDAG nodes, Smart Contract Transactions, Token Pages, and Asset Balances.
BlockDAG's innovative DAG technology and the promising X1 app have captured investors' attention, propelling presale success amid challenges faced by Ethereum and security issues within the BNB Chain.
Final Overview
The detailed 2024 roadmap outlines crucial developments, including the Mainnet launch in September, promising a strong and secure blockchain infrastructure. With presale batches moving swiftly, now at Batch 17 priced at $0.011, and has raised $42.2 million by selling over 10.8 billion BDAG coins, BlockDAG is shaping up as the top crypto presale of 2024, poised to redefine blockchain technology.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
