We know that IOTA cryptocurrency works on a Tangle system which is a similar kind of directed graph that holds transactions. The below-given figure is an example of a directed graph. To have a clear understanding of how the Tangle works, let’s consider the directed graph used by computer scientists.Ī directed graph is a collection of square boxes connected edges with the help of arrows. When it comes to Tangle, it is designed to meet the growing transactions between interconnected devices. Scalability is the major problem associated with the present cryptocurrency platforms. Tangle is capable enough to scale the transactions, especially for the micropayments between IoT devices where the network is required to scale the number of transactions submitted to the network. That’s how Tangle contains DAG rather than Blockchain to store the ledger. The IOTA is built on the blockless blockchain. The tangle is the main reason for making IOTA popular because it is built on the underlying data structure. The IOTA network is being maintained by the IoT foundation, and it is one of the popular cryptocurrencies available at present. It has been designed to enable the network to make micropayments globally for interconnected devicesĬheck Out Blockchain Tutorials The IOTA network and the DAG The primary motive behind the tangle technology is to develop scalable frameworks for executing transactions related to IoT. This is how the tangle has replaced Blockchain with DAG to store its ledger. Tangle acts as a string of individual transactions that are interconnected to one another and stored in a decentralized network node of the participants. It is a data integration and transaction settlement layer developed to focus on the Internet of things (IoT). Tangle is the other name to describe the IOTA’s directed acyclic graph (DAG). If you want to enrich your career and become a professional in Blockchain, then visit Mindmajix - a global online training platform: " Blockchain Online Certification" This course will help you to achieve excellence in this domain. The working of IOTA is based on tangle technology. The primary motive behind building this kind of technology is to meet the fourth industrial revolution and machine economy, where machines trade resources and services with each other and where human or third party intervention is eliminated. IOTA is a distributed digital ledger or crypto Token (IoT) especially designed and developed for the Internet-of-Things. So to tackle this scaling issue and to make it easier with valid security concerns, we need a platform, and that's where IOTA comes into the picture. The need for micro and nano payments is growing constantly over the years due to the massive adoption of IoT. The industry needs have been growing very rapidly, but the blockchain platform is not ready enough to process a large number of payments at once.Īnd, it has a scaling issue on the number of payments per second. But the thing is, it still needs to prove in terms of scalability. Blockchain has proven its capability in terms of technological and financial viewpoint. As we all know, blockchain is being used as a digital ledger for recording the financial transactions or data which has a value in nature. It can be regarded as a revolution in the digital world. We have seen a technology called a blockchain.
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