DAGlabs

DAGlabs is a blockchain and software development company that is headquartered in San Francisco, California and was founded in 2017 by Guy Corem and Yonatan Sompolinksy. DAGlabs is developing the blockDAG protocol which is a distributed ledger cryptocurrency technology that uses a directed acyclic graph structure, the Serialization of Proof-of-work Events: Confirming Transactions via Recursive Elections (SPECTRE) protocol, and the PHANTOM protocol. The SPECTRE and PHANTOM protocols were developed by a research team at the Hebrew University of Jerusalem.

According to DAGlabs the advantages of using blockDAGs are: 1. Allows confirmation of orders in seconds when their are visible conflicts and double-spends, 2. Low fees and high throughput due to the network only being limited by the network backbone and endpoints, 3. Lower incentives to join mining pools by only allowing 100,000 mined blocks per day which increases decentralization, 4. Mo risk of orphaning and the ability to have Layer Two compatibility, and 5. Rewards all blocks equally both on-chain and off-chain which prevents selfish mining.