Post-Blockchain Tech: ARK DAG Consensus Protocol

Apollo 2020 is the foundation’s vision for a post-blockchain future.

ARK DAG Consensus Protocol

“Apollo’s 2020 vision is to become a next-generation, post-blockchain cryptocurrency. We’re architecting a post-blockchain distributed ledger technology (DLT) based on the advanced principles of DAG (directed acyclic graph) consensus,” says Steve McCullah, director of business development. “This technology will put Apollo’s features above the competition. With an expected TPS (transactions per second) of at least one million, Apollo will offer capabilities surpassing anything on the market today.”

Directed acyclic graph (DAG) functions as a network of interconnected branches that grows outward in several directions. Transactions can be confirmed in order of magnitude faster while remaining decentralized since each node confirms only the previous one.

DAG’s advantages include:

  • High transactions per second (TPS)
  • Low transaction fees
  • Nano transactions and micropayments
  • Scalability

DAG solves the problems of scalability, high fees, and long confirmation times. With DAG, the foundation will work towards the following:

  • Solve scalability issues of existing DLTs
  • Distinguish the Apollo platform from traditional block ledger-based storage by employing an improved version of existing DAG-based protocols
  • Process at least one million TPS (transactions per second).

Apollo (APL) all-in-one privacy currency combines features of mainstream cryptocurrencies in an unregulatable platform. With two-second block speed, APL is one of the fastest cryptos on Earth. “Apollonauts” use features such as Encrypted Messaging, Smart Contracts, Decentralized Exchange, Dapps, and Decentralized File Storage.

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