How does IOTA's technology function in the world of digital currencies?

3 answers

• Dec 27, 2021 · 3 years ago
  IOTA's technology functions in the world of digital currencies by utilizing a unique distributed ledger called the Tangle. Unlike traditional blockchain-based cryptocurrencies, IOTA does not rely on miners to validate transactions. Instead, each transaction must validate two previous transactions, creating a network of interlinked transactions. This approach allows IOTA to achieve high scalability and low transaction fees, making it ideal for microtransactions and IoT applications.
  486243
• Dec 27, 2021 · 3 years ago
  IOTA's technology is based on a directed acyclic graph (DAG) structure, which enables it to process transactions in parallel. This means that as more transactions are added to the network, the transaction speed actually increases. Additionally, IOTA's technology is designed to be lightweight and energy-efficient, making it suitable for resource-constrained devices in the IoT ecosystem.
  388130
• Dec 27, 2021 · 3 years ago
  In the world of digital currencies, IOTA's technology stands out for its unique approach to transaction validation and scalability. Unlike traditional blockchain-based cryptocurrencies, IOTA's Tangle allows for parallel processing of transactions, resulting in faster transaction speeds as the network grows. This, combined with its low transaction fees, makes IOTA well-suited for microtransactions and IoT applications. Additionally, IOTA's lightweight and energy-efficient design make it an attractive option for resource-constrained devices in the IoT ecosystem.
  566142