Blockchain Vs Dag Block Algorithm
The algorithm behind TravelFlex
Not only Travelflex will disrupt the travel industries but thanks to the technologies developed on a complete new algorithm and adapted to Travelflex payment system, we are going to radically transform the cryptocurrency industry.
Merits & Demerits of Blockchain
Merits
1- Decentralization. No central administrator.
2- Transparency & immutability. Public blockchains are publicly viewable.
3- No intermediaries, no overhead, low transaction costs.
Demerits
1- Data size/performance & scalability limit of block-size, along with consensus mechanism adds to necessity of more computing power.
2- Energy consumption: substantial amount of computing power = use of more energy.
3- Dependent on Parent Block: If somehow the Parent block to Child block connection gets disrupted, then the link/chain is broken.
TravelFlex coin -TRF - will be converted on a new dag based algorithm which will solve the scalability issues that other coins have.
More info at: https://travelflex.org/
Telegram: https://t.me/travelflexchat
White Paper: https://travelflex.org/whitepaper/