Overview
- Founder Gurhan Kiziloz removed the CEO and multiple senior executives this week to compress decision-making and reassert direct control over BlockDAG.
- BlockDAG is presented as a Layer-1 using a Directed Acyclic Graph to process transactions in parallel, retaining Proof-of-Work security and offering Ethereum compatibility.
- Recent coverage positions the project as a challenger to Ethereum and Solana by promising higher throughput and low-friction migration for developers.
- Reports highlight that development remains on schedule and describe the network as live, while noting Kiziloz’s self-funding and a track record that includes Nexus International’s roughly $1.2 billion in 2025 revenue.
- Several articles disclose collaboration or compensation from BlockDAG, and analysts point to founder-control, decentralization, and unproven performance as risks requiring external validation.