Iota tangle speed11/9/2023 ![]() ![]() Tangle eliminates the service fee, which cannot be achieved by blockchain.Īrchitecture of TangleThe elimination of service fees should make users encouraged no matter how far this technology can go. This zero-service fee design is especially suitable for the data exchange in the future IoT era. There is no miner in tangle, so the transaction initiator does not need to pay the transaction service fee. Instead, every transaction initiator should authorize other two transactions. In the tangle structure, there are no miners who validate transactions. ![]() However, unlike blockchain, IOTA does not need to pay service fee to miners. The relationship between IOTA and tangle is similar to the relationship between Bitcoin and blockchain. The high service fee makes the interoperability between machines or micro-trade between IoT devices impossible. It not cost effective to buy a cup of coffee using Bitcoin because the service fee may be higher than the price of a coffee. IOTA urges companies to develop new modes to transform technology resources into potential services and perform real-time trade on a public market. With the development of IoT, smart devices have increasing demands on interoperability and resource sharing. The purpose of its design is to allow machines to trade with each other on the IoT network, especially for smaller transactions. Tangle could potentially be the next generation distributed ledger technology.Īdvantage of IOTA: Zero Service FeeIOTA is not new it came out in 2015. Therefore, the structure of IOTA is "IoT x tangle" instead of "IoT x blockchain." IOTA's tangle structure fixes many problems of the blockchain. Conceptually speaking, it is similar to blockchain, but it does not have blocks or chains, which makes it interesting.Īs mentioned previously, IOTA uses tangle instead of blockchain. Also, IOTA uses the Directed Acyclic Graph (DAG)-based tangle structure, which is different from the structure of a typical blockchain. It performs well in the competitive world of digital assets. Different from standard blockchain technologies used by most companies, IOTA depends on a method called tangle.Īs a new type of digital encrypted currency, IOTA is not as famous as Bitcoin and Ethereum however, you should not underestimate its potential because it has given 5000 times ROI to investors. IOTA uses an interesting distributed ledger technology to implement decentralization. What Is IOTA?IOTA is one of the major encrypted currencies in the world, with a market value of $11.8 billion. ![]() The latest IOTA research indicates that the IoT indeed requires a dedicated "blockchain" technology, which is a distributed ledger technology getting rid of blocks and chains. Is it necessary to reform the blockchain to make it suitable for IoT? Many people are doubtful whether blockchain can meet the requirements for IoT. ![]() However, all the major blockchain technologies have problems, such as poor extensibility, low processing capability, and lack of dedicated technologies. The first method is feasible because the blockchain is originially intended to fix the inherent problems of IoT. The first is based on existing blockchain platforms (Ethereum and Hyperledger), and the second is a self-developed blockchain. However, implementing this in the real world is complicated.Ĭurrently, there are two methods to apply blockchain to IoT. Thanks to the distribution, enhanced encryption, and tracing features of blockchain, we can apply blockchain to Internet of Things (IoT) for automated transactions between "things". ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |