1/1/2024 0 Comments Iota price chartThe special thing here is that the mechanism requires that no matter how much you transfer, you will have to confirm 2 other people's transactions to ensure your transaction is completed. In addition, Tangle also allows users to transact even offline, which is IOTA's competitive advantage compared to other Blockchain projects. Tangle will be completely different, there will be no more “Blocks”, no more “Chain” and no more “Miners”. The biggest difference between IOTA and coins like Bitcoin or Ethereum is that there is no division between users and miners. For IOTA, the user will be the miner, and the miner is also the user. IOTA develops according to Blockchain technology but the method of operation is different, by changing the entire algorithm of the “ledger” with another algorithm called “ Tangle ”. It is a distributed ledger based on DAG ( Directed Acyclic Graph ). You can call it “Blockchain without Blocks and Chain”. Referring to IOTA, the special feature of the project is its technology. This is a coin that does not use Blockchain technology , IOTA is built on Tangle technology (Blockchain variant). So what is Tangle? What advantages does it have over Blockchain? How does Tangle work? Please follow below: In this part, I will explain to you how it works as well as the technology and products of the project. The method of operation, technology as well as products of the project will be explained more clearly in the following sections. Guys, watch closely.
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