Waterfall Network is a newly launched Layer 1 blockchain DAG that employs a DAG-based Proof of Stake (PoS) consensus mechanism. It aims to address blockchain scalability issues while maintaining decentralization. Its mainnet is scheduled to launch in mid-2024, following extensive research and testing. The network is designed to support high-throughput decentralized applications (dApps) and maintain compatibility with the Ethereum Virtual Machine (EVM), enabling developers to leverage Ethereum's mature ecosystem.