AMA RECAP: Affordable Blockchain Via DAG Technology

The AMA section for the three weeks led by samest one of the community managers centered his discussion on the DAG Technology and the overview of the Transformers network.

What is DAG Technology?
Samest explained DAG Technology as a data modeling or structuring tool which have vertices and edges instead of block production happening on a traditional blockchain.
The AMA also continued as he mentioned the difference between POW and POS then connected it with the unique features around DAG Technology making Transformers Network a standout network that many would love to build upon.

Yes, he said, POW required a large sum of energy when mining and also slow transaction speed experienced on the network due to the number of transactions the network can complete per second.
The DAG technology eliminates the production of blocks which brings in the fact that it does not require mining and less power is therefore required to support the network.

Why is Transformers Network Affordable?
The affordable features of the Transformers Network come from the understanding that TFSC adopts a fully connected decentralized and distributed P2P network structure and it uses the DAG structure to avoid the inability to concurrently execute block packaging in traditional blockchains.

What does this bring to the Crypto World?

1. Speed TFSC chain transaction confirmation and on-chain speed is very fast, with the fastest achieving network consensus and being confirmed on-chain within 1 second.
2. Scalability: TFSC provides higher bandwidth capabilities to allow transactions to carry a large amount of easy-to-manage supporting data.
3. Highly customized: Here, the TFSC business chain can operate independently according to different transaction types or business entities and this makes its main chain powerful.
4. Security: TFSC has adopted a large number of VRF protocols, Byzantine fault tolerance mechanism, 5519 elliptic curve signature algorithm, and independently developed Raindrop Protocol.

The participants at the event.

The AMA ended with questions.
Is Transformers chain a Layer 1 or Layer 2
Answer: Transformers chain is a layer 1 chain though is EVM supported, it responds to all Ethereum smart contracts in its dealings.

Join Samest every Wednesday at 1 p.m. UTC
Venue: Transformers Discord Server
Learn More: https://www.tfsc.io/