As the world of cryptocurrencies changes, learning how to use new technologies like BlockDAG (BDAG) for payments is very important. Although BDAG is still in presale stage, the project aims to launch a crypto payment card to simplify payments. For now, PlutoChain offers an operational Layer-2 solution on Bitcoin for anyone looking for immediate use.
Understanding BlockDAG’s Payment Mechanism
BlockDAG implements a new Directed Acyclic Graph (DAG) structure in order to improve scalability and speed of transactions. Its native token, BDAG, is designed to have a number of purposes within the ecosystem such as:
- Transaction Fees: Payments on the network will be made in BDAG.
- Peer-to-Peer Transfers: Permits direct transfers between customers.
- Staking Rewards: Stakeholders can stake BDAG to earn rewards, so participants are incentivized.
- Access to dApps: Users of BDAG will be able to access dApps in the BlockDAG ecosystem.
The BlockDAG Crypto Payment Card
In an attempt to link crypto assets with daily activities, BlockDAG intends to release a crypto payment card. Some of the main features are:
- Multi-Currency Support: The card will enable Ethereum, Bitcoin, USDT, and traditional currencies.
- Low Fees: Set transaction fees at 1%, with no yearly subscription fees applied.
- Global Accessibility: No fees are charged for transactions across borders, enabling use internationally.
- User-Friendly: Real time conversion rates are displayed openly while fast registering is done.
Although the card is currently unavailable, users can look forward to its release after the BDAG presale is complete.
PlutoChain: A Live Layer-2 Alternative
If you’re looking for functionality right away, PlutoChain comes with a live Layer-2 solution running atop Bitcoin. PlutoChain seeks to improve Bitcoin by adding smart contracts, DeFi, and NFTs to its ecosystem. These include:
- EVM Compatibility: Permits developers to seamlessly integrate and deploy Ethereum-based decentralized applications (dApps) on the Bitcoin network.
- Low Cost Transactions: Transaction fees are lower than traditional Bitcoin network fees.
- Efficient Processing Speed: Able to obtain block times of 2 seconds.
- Strong Network Capabilities: Was able to complete more than 43,200 transactions in a single day during testnet and real world scenario simulations.
Users already have access to PlutoChain, which provides various applications on the blockchain.
Conclusion
While BlockDAG is poised to offer innovative payment solutions upon the completion of its presale, PlutoChain stands out as a live, operational alternative for users seeking immediate engagement in the blockchain space. As always, potential users should conduct thorough research and consider their individual needs when exploring these platforms.
Disclaimer:
The information is for educational purposes only and should not be considered as investment advice. Cryptocurrency trading carries significant risks, and readers should do their own research and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and all investments can lose value.
