The more time you spend in the blockchain and cryptocurrency industry, the more you encounter some fairly arcane technologies and their accompanying terminologies. Blockchain technology, which started out as a simple immutable record composed of blocks of data, is constantly evolving. Although the broader tech world operates similarly, the blockchain and crypto sector moves at a much more rapid pace.
We are all racing to create the fastest, most efficient protocol or scalable and resilient app, and must build and improvise along the way. In such a competitive atmosphere, these races force innovation. When scalability is limited, alternative technologies must be developed. With things moving so quickly in this space, it’s easy to get lost in a sea of acronyms and abbreviations. As a result, I thought it might be helpful to offer an explainer regarding DLTs, DAGs and more.
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