In the realm of distributed ledger technology (DLT), blockchain stands as the pioneer, revolutionizing how we perceive data management and transaction validation. However, amidst the blockchain’s dominance, a new contender has emerged: the DAG-based ledger. While blockchain employs a chain-like structure to organize data, DAGs utilize a directed acyclic graph (DAG) architecture, offering a unique set of advantages. Unveiling the DAG-Based Ledger A DAG, unlike a blockchain, does not rely on a sequential chain of blocks. Instead, it presents a network of interconnected transactions, forming a directed, acyclic graph. This structure eliminates the need for miners and consensus mechanisms, leading…