IOTA is a revolutionary new transactional settlement and data transfer layer for the Internet of Things. It’s based on a new distributed ledger, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system.
IOTA Price
Differences from Bitcoin
IOTA Technology
IOTA’s distributed ledger, the Tangle, is based on a data structure referred to as a Directed Acyclic Graph (DAG). For every transaction that occurs on IOTA’s network, the transaction needs to approve two previous transactions by conducting a small amount of Proof of Work for them. The premise is that as more transactions occur, the network will be able to scale faster since there are more verifications being performed in parallel.
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